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Business

“Best Buy warns of layoffs as it issues soft full-year guidance”

“…the retailer warned of another year of softer sales and said it would lay off workers and cut other costs across the business. CEO Corie Barry offered few specifics, but said the company has to make sure its workforce and… Continue Reading…

Business, Economy

“Critical chip firm ASML posts 30% surge in full-year revenue but signals slowdown in 2024”

“…ASML reported 27.6 billion euros in revenue for 2023, higher than the 21.2 billion euros of the year before. That was a 30% year-on-year rise. Shares of ASML provisionally ended up 9.7%… The Dutch government, following U.S. pressure, introduced curbs in… Continue Reading…

Business, Stocks

“Spotify jumps after saying it will cut 17% of workforce — read the full memo from CEO Daniel Ek”

“Spotify shares rose Monday after the music streaming service said it is laying off 17% of its workforce, in a dramatic move aimed at reducing its costs and adjusting for a slowdown in growth. In an email sent to staff, Spotify… Continue Reading…

Business

“Johnson & Johnson beats on earnings, hikes full-year guidance as medtech sales surge”

“Johnson & Johnson on Thursday reported second-quarter revenue and adjusted earnings that topped Wall Street’s expectations, and lifted its full-year guidance as sales from the company’s medtech business jumped… That increased demand has been observed by health insurers like UnitedHealth Group and Elevance Health. Here’s how J&J results compared with… Continue Reading…

Economy

“Europe Faces Full Blown Energy Crisis As Gas Prices Smash All Records”

“Europe’s energy crisis got even worse on Tuesday as a shortage of natural gas, nuclear outages, declining wind power output, and cold weather boosted prices. The gas price at the Dutch TTF hub, the benchmark gas price for Europe, soared… Continue Reading…

Business, Stocks

“Crocs reports record revenue, raises full-year guidance amid strong demand”

“Here’s how the company did for its quarter ended June 30 compared with what analysts surveyed by Refinitiv were anticipating: Earnings per share: $2.23 adjusted vs. $1.60 expected Revenue: $640.8 million vs. $565.2 million expected During the second quarter, Croc’s… Continue Reading…

Stocks

“3 Monster Growth Stocks With More Room to Run”

“Full House Resorts (FLL)… Overall, it’s clear that Wall Street agrees with Sigdahl here – FLL shares have 3 recent reviews, all are to Buy, and the analyst consensus rating is a Strong Buy. The shares are priced at $9.50, with… Continue Reading…

Business

“How to turn your side hustle into a full-time, well-paid job, according to 3 entrepreneurs who’ve done it”

“Be ready to put in the hours A longtime RV repairman, Randall Gibbons started answering people’s questions on JustAnswer, a site that lets people seek help on an assortment of topics, in 2009. In those first few years, he was making just $400… Continue Reading…