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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…

Banking, Economy

“IMF expects a soft landing for the world economy in 2024”

“…The IMF estimates in its new World Economic Outlook report that the global economy will grow 3.1% this year, the same as in 2023, before rising modestly by 3.2% in 2025. The latest forecast is two-tenths of a percent higher… Continue Reading…

Business

“Coca-Cola earnings top estimates, despite 9% decline in revenue”

“Coca-Cola on Thursday reported that its third-quarter revenue fell 9% as the coronavirus pandemic weighed on demand for fountain soft drinks, Powerade and Dasani. But the company topped earnings estimates, sending shares up 3% in premarket trading. Here’s what the company reported for… Continue Reading…

Business

“Coca-Cola Stock Hits All-Time High After Strong Quarter”

“Dow component The Coca-Cola Company (KO) posted an all-time high above $59 on Friday, one day after the beverage giant filed a solid fourth quarter 2019 report that exceeded conservative revenue estimates. Revenue grew an impressive 28.2% year over year,… Continue Reading…