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Walmart hikes sales and earnings outlook even as it says tariff costs are rising

Walmart hikes sales and earnings outlook even as it says tariff costs are rising

Business News

The logos of Walmart and Sam’s Club are pictured in Cuautitlan Izcalli, Mexico, January 30, 2025. Raquel Cunha | Reuters Walmart on Thursday raised its full-year earnings and sales outlook as its online business posted another quarter of double-digit gains, even as the company said costs are rising from higher tariffs.  The big-box retailer topped […]

Walmart hikes sales and earnings outlook even as it says tariff costs are rising Read More »

Microsoft’s gutting of discounts for some clients likely baked into guidance, analyst says

Microsoft’s gutting of discounts for some clients likely baked into guidance, analyst says

Technology News

Microsoft CEO Satya Nadella speaks at Axel Springer Neubau in Berlin on Oct. 17, 2023 Ben Kriemann | Getty Images Microsoft said last week that it plans to stop providing discounts on enterprise purchases of its Microsoft 365 productivity software subscriptions and other cloud applications. Since the announcement, analysts have published estimates on how much

Microsoft’s gutting of discounts for some clients likely baked into guidance, analyst says Read More »

Alibaba says smart car spinoff Banma plans to list shares in Hong Kong

Alibaba says smart car spinoff Banma plans to list shares in Hong Kong

Technology News

Alibaba’s global headquarters in Hangzhou, Zhejiang Province, China, on May 9, 2024. Nurphoto | Nurphoto | Getty Images Alibaba-backed Banma, a provider of technology for smart cars, is planning to list shares on the Hong Kong Stock Exchange, according to a filing. In a filing dated Aug. 21, Alibaba said it currently owns about 45%

Alibaba says smart car spinoff Banma plans to list shares in Hong Kong Read More »

As Target chases a comeback, its new CEO must take on skeptical investors and customers

As Target chases a comeback, its new CEO must take on skeptical investors and customers

Business News

People walk by a Target store in midtown Manhattan in New York City, March 21, 2025. Kylie Cooper | Reuters When Target’s new CEO Michael Fiddelke steps into the role in early February, he will inherit a company facing slumping sales, faltering customer loyalty and skeptical investors. Its fiscal second-quarter results posted Wednesday illustrated the

As Target chases a comeback, its new CEO must take on skeptical investors and customers Read More »

TJ Maxx parent company TJX beats earnings expectations, raises full-year guidance despite tariff pressure

TJ Maxx parent company TJX beats earnings expectations, raises full-year guidance despite tariff pressure

Business News

TJX Cos. on Wednesday reported earnings and revenue that beat Wall Street’s expectations and raised its full-year guidance, as the discounter behind T.J. Maxx, Marshalls and HomeGoods said it assumes it can offset higher costs from tariffs. TJX now expects full-year fiscal 2026 earnings will be between $4.52 and $4.57 per share, up from its

TJ Maxx parent company TJX beats earnings expectations, raises full-year guidance despite tariff pressure Read More »

Microsoft and NFL announce multiyear partnership to use AI to enhance game day analysis

Microsoft and NFL announce multiyear partnership to use AI to enhance game day analysis

Business News

A referee reviews a play on a Microsoft Surface during the second half of the game between the Baltimore Ravens and the Cleveland Browns at M&T Bank Stadium on January 4, 2025 in Baltimore, Maryland. Scott Taetsch | Getty Images Microsoft and the NFL announced on Wednesday that they’re extending their partnership to bring real-time

Microsoft and NFL announce multiyear partnership to use AI to enhance game day analysis Read More »

Claire’s sells most of its North American business after filing for bankruptcy

Claire’s sells most of its North American business after filing for bankruptcy

Business News

Jewelry is displayed at a Claire’s store on June 23, 2025 in Novato, California. Justin Sullivan | Getty Images Claire’s announced Wednesday that it is selling most of its North American business to private equity firm Ames Watson, just weeks after the jewelry retailer declared bankruptcy. The companies did not disclose any financial details of

Claire’s sells most of its North American business after filing for bankruptcy Read More »

Target names longtime insider Michael Fiddelke its next CEO as retailer tries to break sales and stock slump

Target names longtime insider Michael Fiddelke its next CEO as retailer tries to break sales and stock slump

Business News

Target’s Chief Operating Officer Michael Fiddelke will take over as CEO from Brian Cornell. Courtesy of Target Target on Wednesday said that company veteran Michael Fiddelke will become its next CEO at a critical point in its effort to break out of a sales slump and win back Wall Street’s favor. Fiddelke, the company’s 49-year-old

Target names longtime insider Michael Fiddelke its next CEO as retailer tries to break sales and stock slump Read More »

Alaska Airlines launches 5 credit card in premium travel race, combines loyalty program with Hawaiian

Alaska Airlines launches $395 credit card in premium travel race, combines loyalty program with Hawaiian

Business News

An Alaska Airlines Boeing 737 MAX 9 departs Los Angeles International Airport en route to Puerto Vallarta on Sept. 19, 2024. Kevin Carter | Getty Images Alaska Airlines is getting into the industry’s race for high-end credit cards and creating a combined frequent flyer program, called Atmos Rewards, with Hawaiian Airlines, which it acquired last

Alaska Airlines launches $395 credit card in premium travel race, combines loyalty program with Hawaiian Read More »

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