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Business, Stocks

“Best Buy jumps 13% as cost-cutting preserves profits despite sluggish sales”

“Best Buy on Thursday missed Wall Street’s quarterly sales expectations but stressed higher profits and lower costs as softer demand for consumer electronics continues. Shares of the retailer gained 13% Thursday… Net sales dropped to $8.85 billion from $9.47 billion in… Continue Reading…

Business

“Foot Locker’s turnaround is showing signs of life, CEO sees consumers willing to pay full price”

“…The sneaker giant saw comparable sales decline 1.8% during its fiscal first quarter, far better than the 3.1% drop-off that analysts expected, according to StreetAccount.  The company also reaffirmed its fiscal year guidance, which projects sales to be between a… Continue Reading…

Business

“Nvidia Stock Eyes These Milestones After AI Leader Surges Above 1,000”

“Nvidia (NVDA) continues to skyrocket, surging last week above the 1,000 level for the first time last week. Its market cap raced past $2.5 trillion, less than a year after reaching the $1 trillion mark. Shares surged again on Tuesday. With… Continue Reading…

Business, Stocks

“Salesforce shares tumble 20%, on pace for worst day since 2004”

“Shares of Salesforce tumbled 20% Thursday morning, putting the stock on pace for its worst day in nearly 20 years. Its worst trading day on record is July 4, 2004, when shares fell 27% just days after the company went public. The… Continue Reading…

Business

“Lowe’s beats on earnings and revenue, even as consumers spend less on DIY projects”

“Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Tuesday, even as do-it-yourself customers bought fewer pricey items… Lowe’s stuck by its full-year forecast. It said it expects total sales of between $84 billion and $85 billion, which would be a… Continue Reading…

Business

“Target lowering prices on 5,000 items in bid to lure more shoppers”

“Target will be lowering prices on at least 5,000 frequently shopped products across its assortment ranging from milk to diapers, the big-box retailer said on Monday, as it looks to attract budget-stretched customers. Still-high food prices and borrowing costs have… Continue Reading…

Business

“Walmart Sales Surge as Wealthier Shoppers Flock to Retailer”

“…Sales rose 3.8% at US Walmart stores open at least a year for the quarter ended April 26, higher than what Wall Street was anticipating… …“We are seeing customers trade into Walmart,” Chief Financial Officer John David Rainey said in… Continue Reading…

Business

“Fintech firm Klarna says 90% of its employees are using generative AI daily”

“… …” https://www.cnbc.com/2024/05/14/klarna-says-90percent-of-its-employees-are-using-generative-ai-daily.html AI is the future. Get ready for it.

Business

“Utah teacher, 42, sues AstraZeneca claiming she was left permanently disabled by its Covid vaccine – in first of its kind lawsuit in US”

“An American woman who took part in the clinical trial for AstraZeneca‘s Covid vaccine is suing the company, claiming the shot left her ‘permanently disabled’…” https://www.dailymail.co.uk/health/article-13416585/utah-teacher-astrazeneca-lawsuit-covid-vaccine-disabled.html Listen. I hate to break this to everyone but the Covid vaccine is a bio-weapon.… Continue Reading…

Business

“Airlines Sue US Over Fee Disclosure Rules, Citing Overreach”

“Several major US airlines and their lobbying group sued the US Transportation Department over new regulations mandating up-front disclosure of certain fees, in a fight over rules the agency says could mean big savings for travelers… The final rules, unveiled last month,… Continue Reading…