Walmart shares fell roughly 6% in early trading Thursday, as the big-box retailer said profit growth will slow this fiscal year even as sales continue to climb. Walmart said holiday-quarter revenue rose about 4% and e-commerce sales shot up 20% in the U.S., as growth in store pickup and home deliveries and gains with upper-income […]
Walmart shares drop as retailer says profit growth will slow Read More »
Microsoft on Wednesday announced Majorana 1, its first quantum computing chip. The achievement comes after the company has spent nearly two decades of research in the field. Technologists believe quantum computers could one day efficiently solve problems that would be taxing if not impossible for classical computers. Today’s computers use bits that can be either
Microsoft reveals its first quantum computing chip, the Majorana 1 Read More »
Beleaguered retailer Forever 21 is in talks with liquidators about future steps for the fast fashion company, according to people familiar with the matter — a sign that it’s struggling to find a buyer as it mulls a second bankruptcy filing. The company has been looking for a buyer for its U.S. leases and assets
Forever 21 is in talks with liquidators, indicating it’s struggling to find a buyer Read More »
A Carvana sign and signature vending machine in Tempe, Arizona. Michael Wayland | CNBC Carvana topped Wall Street’s top- and bottom-line expectations for the fourth quarter, while guiding for another “strong” year in 2025. Carvana, as it has in the past, gave a broad guidance outlook for this year that includes growth in both retail
Carvana expects another ‘strong’ year after topping fourth-quarter expectations Read More »
A United Airlines plane takes off from Ronald Reagan Washington National Airport in Arlington, Virginia, on November 23, 2021. Drew Angerer | Getty Images United Airlines says travel demand has been resilient lately — except from the U.S. government. Government travel “has fallen off here post-inauguration,” United’s Chief Financial Officer Mike Leskinen said at a
Government travel has ‘fallen off’ since Trump inauguration, United Airlines says Read More »
Shoppers at a Walmart store in Secaucus, New Jersey, U.S., in March 2024. Gabby Jones | Bloomberg | Getty Images Walmart is known for its low prices and no frills approach. So it may come as a surprise that wealthier shoppers are helping to fuel the retailer’s growth. For more than two years, the discounter
Walmart is getting a bump from a surprising cohort: Wealthier shoppers Read More »
An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023 Saul Loeb | AFP | Getty Images The U.S. aviation industry on Wednesday urged Congress to approve “robust emergency funding” for air traffic control technology and staffing. Three weeks
Aviation industry urges Congress for emergency air traffic control funding Read More »
Hims & Hers Health announced Wednesday it has acquired New Jersey-based at-home lab testing facility Trybe Labs. The deal will allow the telehealth company to offer at-home blood draws and more comprehensive pre-treatment testing to its users. “Access to richer data allows us to deepen the insights that providers can use on our platform to
Hims & Hers to offer at-home blood draws and lab testing with new acquisition Read More »
A JetBlue plane takes off from Los Angeles International Airport (LAX) on Jan. 03, 2025 in Los Angeles, California. Mario Tama | Getty Images JetBlue Airways is talking with “multiple airlines” about a potential new partnership after federal judges struck down two previous deals, the carrier’s president said Wednesday. “If we find a deal that’s accretive, we’ll absolutely do it,” JetBlue’s president, Marty St. George,
JetBlue talking to ‘multiple airlines’ about a new partnership Read More »
Tim Cook, chief executive officer of Apple Inc., during the first day of in-store sales of Apple’s latest products at Apple’s Fifth Avenue store in New York, US, on Friday, Sept. 20, 2024. Victor J. Blue | Bloomberg | Getty Images Apple announced a new iPhone model on Wednesday that is priced lower than its
Apple unveils cheaper iPhone 16e powerful enough to run AI Read More »
