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Amazon is bringing Intuit QuickBooks software to its millions of third-party sellers

Amazon is bringing Intuit QuickBooks software to its millions of third-party sellers

Finance News

Sasan Goodarzi, president and CEO of Intuit Inc. and Andy Jassy, CEO of Amazon. David Paul Morris | Bloomberg | Getty Images Amazon has for years counted on millions of third-party sellers to provide the bulk of the inventory that consumers buy daily. But keeping track of their finances has long been a challenge for […]

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Comcast shares tumble as executive calls broadband ‘intensely competitive’

Comcast shares tumble as executive calls broadband ‘intensely competitive’

Business News

View from behind a Comcast truck parked on a residential street in Lafayette, California, on Sept. 28, 2021. Smith Collection/gado | Archive Photos | Getty Images Comcast Cable CEO Dave Watson told investors on Monday that the company expects to lose more than 100,000 broadband subscribers during the fourth quarter as the market remains “competitively

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Hershey stock soars on report of another Mondelez takeover attempt

Hershey stock soars on report of another Mondelez takeover attempt

Business News

The logo of Hershey’s in Manhattan on Sept. 16, 2023. Michael Kappeler | Picture Alliance | Getty Images Shares of Hershey climbed as much as 15% during Monday morning trading after Bloomberg reported that Mondelez is attempting another takeover of the chocolate company. Hershey’s stock has risen 7% this year, raising its market cap to

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Another activist takes aim at Macy’s, seeking spending cuts and real-estate restructuring

Another activist takes aim at Macy’s, seeking spending cuts and real-estate restructuring

Business News

People walk past the Macy’s Herald Square flagship store on November 29, 2024 in New York City.  David Dee Delgado | Getty Images Activist investor Barington Capital revealed Monday it had a position in Macy’s and was looking for the company to cut spending, weigh the sale of its luxury brands and take a hard

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Uber will offer robotaxi rides in Abu Dhabi through partnership with WeRide

Uber will offer robotaxi rides in Abu Dhabi through partnership with WeRide

Technology News

Uber and WeRide are partnering to offer robotaxi service in Abu Dhabi. Courtesy Uber Technologies, Inc. Uber is partnering with China’s WeRide to offer autonomous vehicle rides in Abu Dhabi, the companies announced on Friday. To start, each WeRide robotaxi that’s hailed via the Uber app will come with a human driver present “to ensure

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Ulta Beauty shares pop as retailer beats earnings expectations despite demand fears

Ulta Beauty shares pop as retailer beats earnings expectations despite demand fears

Business News

Ulta Beauty on Thursday beat Wall Street’s fiscal third-quarter expectations, fending off fears of fiercer competition and slowing demand for makeup and skincare. The retailer hiked its full-year outlook slightly to reflect the better-than-expected results. For the fiscal year, it said it now expects net sales to range from $11.1 billion to $11.2 billion, compared

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Lululemon’s international growth helps to offset slowing U.S. sales

Lululemon’s international growth helps to offset slowing U.S. sales

Business News

Lululemon‘s U.S. growth is continuing to slow, but the athletic apparel retailer is making big gains abroad, leading to a 9% increase in sales year over year. The yoga pants company on Thursday beat Wall Street’s expectations on the top and bottom lines and said it’s “pleased” with the start to the holiday season. Here’s how

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More Americans are living in malls, as developers get creative to help ease the housing crisis

More Americans are living in malls, as developers get creative to help ease the housing crisis

Business News

Say hello to life at the mall.  The classic American mall is undergoing a dramatic transformation as real estate developers swap out dying department stores for apartments, ushering in an era where living at the mall could soon become a new norm. Some U.S. developers are knocking down department stores like Macy’s or JCPenney and

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Southwest, American raise sales outlooks, shares jump

Southwest, American raise sales outlooks, shares jump

Business News

A Southwest Airlines plane takes off from Hollywood Burbank Airport in Burbank, California, July 25, 2024. Mario Tama | Getty Images Southwest Airlines and American Airlines raised their fourth-quarter forecasts on Thursday, citing strong demand and higher fares, sending shares in the carriers higher. Southwest said fourth-quarter unit revenue will likely rise between 5.5% and

Southwest, American raise sales outlooks, shares jump Read More »

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