Target Will Cut Prices to Clear Out Unwanted Inventory, Taking a Profit Hit

The move shows how inflation and changing consumer behavior are souring the business outlook for many retailers.

#company-reports, #consumer-behavior, #shopping-and-retail, #standardpoors-500-stock-index, #target-corporation, #walmart-stores-inc

After a Bumper 2021, Companies Might Struggle to Increase Profits

Businesses face headwinds as demand weakens, the Federal Reserve raises rates and government stimulus programs end.

#company-reports, #consumer-behavior, #coronavirus-2019-ncov, #inflation-economics, #shopping-and-retail, #standardpoors-500-stock-index, #stocks-and-bonds, #supply-chain, #united-states, #united-states-economy

How Jack Welch’s Reign at G.E. Gave Us Elon Musk’s Twitter Feed

The onetime ‘manager of the century’ paved the way for C.E.O.s to moonlight as internet trolls.

#chicago-ill, #company-reports, #content-type-personal-profile, #croton-on-hudson-ny, #executive-compensation, #executives-and-management-theory, #general-electric-company, #labor-and-jobs, #layoffs-and-job-reductions, #seattle-wash, #welch-john-f-jr, #workplace-environment

Amazon Revenue Slows, and Costs Rise

Amazon benefited from the coronavirus pandemic as people flocked to online shopping. Now, shoppers’ behavior has shifted.

#amazon-com-inc, #company-reports, #computers-and-the-internet, #consumer-behavior, #e-commerce, #jassy-andrew-r, #shopping-and-retail, #shortages

Stocks drop 2.8%, led lower by tech, as April’s slump continues.

Big technology companies are set to report earnings starting Tuesday. The S&P 500 has dropped nearly 8 percent this month, its worst monthly showing since March 2020.

#amazon-com-inc, #apple-inc, #company-reports, #economic-conditions-and-trends, #microsoft-corp, #russian-invasion-of-ukraine-2022, #standardpoors-500-stock-index, #stocks-and-bonds, #supply-chain, #tesla-motors-inc, #twitter, #united-states-economy

Technology stocks lead Wall Street lower as April slump continues.

Big technology companies are set to report earnings starting today.

#amazon-com-inc, #apple-inc, #company-reports, #economic-conditions-and-trends, #microsoft-corp, #russian-invasion-of-ukraine-2022, #standardpoors-500-stock-index, #stocks-and-bonds, #supply-chain, #tesla-motors-inc, #twitter, #united-states-economy

Tesla’s Profits Jumped in the First Quarter but Challenges Loom

The electric carmaker had to close an important factory in Shanghai because of China’s efforts to stamp out a coronavirus outbreak.

#automobiles, #company-reports, #coronavirus-2019-ncov, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #musk-elon, #shanghai-china, #shortages, #shutdowns-institutional, #supply-chain, #tesla-motors-inc

Rivian Pares Delivery Targets for 2022, Citing Supply Problems

The company said it expected to produce only 25,000 electric vehicles this year, adding a new cloud to its outlook only months after a hot I.P.O.

#amazon-com-inc, #automobiles, #company-reports, #electric-and-hybrid-vehicles, #rivian-automotive-llc, #scaringe-r-j, #stocks-and-bonds, #supply-chain

Disney to Announce Earnings Amid Disney+ Concerns

Disney said its theme parks came roaring back in spite of the Omicron variant. But the company’s vast cable television business continued to shrink.

#chapek-robert-a, #company-reports, #disney-plus, #media, #the-beatles-get-back-tv-program, #walt-disney-company

Stocks climb as investors weigh a surprising jobs report and Amazon earnings.

Investors took the strong jobs showing as a reason for the Federal Reserve to move quickly as it starts to raise interest rates this year.

#amazon-com-inc, #apple-inc, #bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #coca-cola-company, #company-reports, #exxon-mobil-corp, #facebook-inc, #federal-reserve-system, #goldman-sachs-group-inc, #government-bonds, #meta-platforms-inc, #nasdaq-composite-index, #oil-petroleum-and-gasoline, #snap-inc, #standardpoors-500-stock-index, #stocks-and-bonds, #twitter, #united-states-economy, #walt-disney-company

Meta plunges and sets off Wall Street’s worst drop in nearly a year.

Shares of Meta, the parent company of Facebook, fell more than 26 percent, a loss that wiped more than $230 billion off its market value.

#company-reports, #computers-and-the-internet, #facebook-inc, #meta-platforms-inc, #mobile-applications, #pinterest, #rogan-joe, #snap-inc, #social-media, #stocks-and-bonds, #tiktok-bytedance, #twitter, #united-states-economy, #zuckerberg-mark-e

6 Reasons Meta Is in Trouble

The company formerly known as Facebook has hit major turbulence as it suffered its biggest one-day wipeout ever.

#antitrust-laws-and-competition-issues, #apple-inc, #company-reports, #computers-and-the-internet, #data-mining-and-database-marketing, #facebook-inc, #google-inc, #instagram-inc, #instant-messaging, #meta-platforms-inc, #metaverse-internet, #mobile-applications, #online-advertising, #social-media, #virtual-reality-computers, #zuckerberg-mark-e

Meta Says Apple’s Privacy Changes Could Cost the Company $10 Billion

After Apple made it harder to track people on the internet, even tech giants felt the effects.

#apple-inc, #company-reports, #computers-and-the-internet, #facebook-inc, #google-inc, #iphone, #meta-platforms-inc, #metaverse-internet, #online-advertising, #privacy, #snap-inc, #social-media, #software

Spotify Defends Handling of Joe Rogan Controversy Amid Uproar

The company released earnings figures a week after Neil Young and others pulled their music to protest what they called vaccine misinformation on Rogan’s podcast.

#audio-recordings-downloads-and-streaming, #company-reports, #coronavirus-2019-ncov, #ek-daniel, #mitchell-joni, #podcasts, #rogan-joe, #rumors-and-misinformation, #spotify, #vaccination-and-immunization, #young-neil

NYT Hits Goal of 10 Million Subscriptions, Closes on The Athletic

The deal for the sports site, which was finalized on Tuesday, helped the company reach that goal a couple of years early.

#athletic-media-co, #audm-inc, #company-reports, #kopit-levien-meredith, #new-york-times, #new-york-times-company, #news-and-news-media, #newspapers, #stocks-and-bonds, #wordle-puzzle

Technology stocks lead Wall Street higher ahead of the Fed meeting.

#banking-and-financial-institutions, #company-reports, #federal-reserve-system, #inflation-economics, #interest-rates, #microsoft-corp, #nasdaq-composite-index, #powell-jerome-h, #standardpoors-500-stock-index, #stocks-and-bonds, #texas-instruments-inc

Netflix adds more than 8 million subscribers but predicts a slowdown.

#company-reports, #netflix-inc, #television

Why Tesla Soared as Other Automakers Struggled to Make Cars

The yawning disparity between the performance of the electric car company and established automakers last year reflects the technological change roiling the industry.

#automobiles, #batteries, #company-reports, #computers-and-the-internet, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #ford-motor-co, #general-motors, #mercedes-benz, #musk-elon, #shortages, #shutdowns-institutional, #supply-chain, #tesla-motors-inc, #toyota-motor-corp, #volkswagen-ag

HBO Max and HBO Hit 73.8 million Subscribers, Topping Company Forecast

The announcement represents a vindication of the strategy to release the entire Warner Bros. 2021 film slate simultaneously in theaters and on streaming.

#att-inc, #company-reports, #hbo-max, #home-box-office, #kilar-jason, #movies, #television, #video-recordings-downloads-and-streaming, #warner-media-llc

Toyota Topped G.M. in U.S. Car Sales in 2021

After struggling to produce cars because of a global computer chip shortage, automakers are trying to move quickly to making electric vehicles.

#automobiles, #company-reports, #computer-chips, #coronavirus-2019-ncov, #electric-and-hybrid-vehicles, #ford-motor-co, #general-motors, #japan, #shortages, #shutdowns-institutional, #stockpiling, #tesla-motors-inc, #toyota-motor-corp, #united-states

Tesla Reports 87% Increase in 2021 Deliveries

The electric-car maker managed substantial growth as Europe and China increasingly propelled sales.

#automobile-safety-features-and-defects, #automobiles, #company-reports, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #musk-elon, #supply-chain, #tesla-motors-inc

Berkshire Hathaway’s Profit Fell in the Third Quarter

The conglomerate’s results reflected the turmoil in financial markets and the broader slowdown in U.S. economic growth.

#berkshire-hathaway-inc, #buffett-warren-e, #company-reports, #coronavirus-2019-ncov, #geico-government-employees-insurance-co, #munger-charles-t, #stock-buybacks, #stocks-and-bonds, #united-states-economy

New York Times Adds 455,000 Subscribers in Third Quarter

After moving behind a paywall, Wirecutter added to the company’s revenue stream.

#advertising-and-marketing, #company-reports, #kopit-levien-meredith, #new-york-times, #new-york-times-company, #news-and-news-media, #newspapers, #serial-productions

General Motors’ Third-Quarter Profit Hit Hard by Chip Shortage

The automakers said the profit outlook for the full year had improved, and higher car prices eased the impact of reduced production.

#automobiles, #company-reports, #computer-chips, #factories-and-manufacturing, #ford-motor-co, #general-motors, #shortages, #united-states-economy

Facebook Profits Jump 17 Percent

The results in the latest quarter are a sign of the company’s financial strength as it faces a public relations crisis.

#company-reports, #computers-and-the-internet, #facebook-inc, #haugen-frances, #instagram-inc, #instant-messaging, #mobile-applications, #new-york-times, #social-media, #stocks-and-bonds, #wall-street-journal, #whatsapp-inc, #zuckerberg-mark-e

Netflix Earnings Results: Q3 2021

The company has 222 million customers, with 67 million in the U.S., and expects to add 8.5 million subscribers in the December quarter.

#chappelle-dave, #company-reports, #netflix-inc, #sarandos-ted, #television, #web-original-programming

Wall Street Sees a Record-Deal Spree as a Reason for Optimism

Fees from advising corporate clients on mergers and other deals raised bottom lines across Wall Street. Bankers say it’s a good sign for the recovery.

#bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #company-reports, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #mergers-acquisitions-and-divestitures, #morgan-stanley, #solomon-david-m, #united-states-economy

A Stock Market Malaise With the Shadow of ’70s-Style Stagflation

After coasting higher over the summer, markets are jittery over rising prices, growth snarls and a number of other threats.

#company-reports, #federal-reserve-system, #inflation-economics, #international-trade-and-world-market, #nineteen-hundred-seventies, #prices-fares-fees-and-rates, #stocks-and-bonds, #united-states-economy

Loans Will Be the Key to Banks’ Future Fortunes

The big banks are expected to benefit from increased consumer spending when they report earnings this week. Where they go from here will depend greatly on lending to households and businesses.

#bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #company-reports, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #lake-marianne, #morgan-stanley, #united-states-economy, #wells-fargocompany

Economic and Earnings Concerns Begin to Weigh on Stocks

After having few cares about the markets all year, investors are getting nervous as the Fed signals that harsher policies are on the way.

#company-reports, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-reserve-system, #mutual-funds, #stimulus-economic, #stocks-and-bonds, #united-states-economy

The Stock Market’s Hot Summer Became a Swoon. Where Does It Go Next?

Inflation and supply chain problems have been a concern since the pandemic began. But action by the Federal Reserve and pressure on corporate profits put those worries in sharp focus.

#company-reports, #coronavirus-2019-ncov, #federal-reserve-system, #standardpoors-500-stock-index, #stimulus-economic, #stocks-and-bonds, #united-states-economy

Tesla Reports Record Quarterly Deliveries Amid Chip Scarcity

The electric-car maker has weathered the global shortage of semiconductors better than more established rivals.

#automobiles, #company-reports, #electric-and-hybrid-vehicles, #general-motors, #musk-elon, #tesla-motors-inc, #toyota-motor-corp

General Motors, Honda and Toyota Sales Hit by Chip Shortages

Challenges in the global supply chain have held down production and depleted inventories.

#automobiles, #company-reports, #computer-chips, #consumer-behavior, #general-motors, #honda-motor-co-ltd, #shortages, #toyota-motor-corp, #united-states

General Motors Reports 33% Drop in Quarterly Sales

The automaker said that demand was strong, but that supply continued to be constrained.

#automobiles, #company-reports, #computer-chips, #consumer-behavior, #general-motors, #shortages

People Are Now Spending More Money at Amazon Than at Walmart

Proof that the online future has arrived: The biggest e-commerce company outside China has unseated the biggest brick-and-mortar seller.

#company-reports, #computers-and-the-internet, #coronavirus-2019-ncov, #e-commerce, #shopping-and-retail

New York Times 2021 Q2 Earnings: 8 Million Subscribers

The company expects to end the year with about 8.5 million. In its quarterly results, it reported holding nearly $1 billion in cash.

#company-reports, #new-york-times-company, #news-and-news-media, #newspapers

Tesla Sales More than Double in the Second Quarter

Tesla said sales doubled in the second quarter, but Ford reported a more modest increase as the industry grapples with a semiconductor shortage.

#automobiles, #company-reports, #electric-and-hybrid-vehicles, #ford-motor-co, #shortages, #tesla-motors-inc, #united-states

G.M. to Boost Electric Vehicle Spending, Build Battery Plants

General Motors’ push to increase E.V. spending follows an announcement by Ford that it would start making an electric version of its F-150 pickup truck this year.

#automobiles, #barra-mary-t, #batteries, #company-reports, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #general-motors, #production

Gap Sees Its Post-Pandemic Future Outside of Malls

The retailer’s first-quarter sales jumped 89 percent to $4 billion from a year earlier as its e-commerce continues to grow.

#company-reports, #fashion-and-apparel, #gap-inc, #quarantine-life-and-culture, #shopping-and-retail

Amazon Paid No Corporate Tax to Luxembourg

The e-commerce giant’s European retail business had record sales in 2020, but its headquarters on the continent reported a $1.4 billion loss.

#amazon-com-inc, #company-reports, #corporate-taxes, #e-commerce, #income-tax, #institute-on-taxation-and-economic-policy, #luxembourg, #politics-and-government, #tax-credits-deductions-and-exemptions, #tax-shelters, #united-states-economy

Pfizer Reaps Hundreds of Millions in Profits From Covid Vaccine

The company said its vaccine generated $3.5 billion in revenue in the first three months of this year.

#biontech-se, #company-reports, #coronavirus-2019-ncov, #drugs-pharmaceuticals, #international-trade-and-world-market, #inventions-and-patents, #pfizer-inc, #third-world-and-developing-countries, #vaccination-and-immunization

Berkshire Hathaway Shows a Rebound From the Pandemic

The company reported a nearly 19 percent year-on-year gain in the first quarter, as its subsidiaries — from railroads to energy companies to consumer brands — improved their performances.

#berkshire-hathaway-inc, #buffett-warren-e, #company-reports, #los-angeles-calif, #munger-charles-t, #omaha-neb

‘A Perfect Positive Storm’: Bonkers Dollars for Big Tech

The dictionary doesn’t have enough superlatives to describe what’s happening to the five biggest technology companies, raising uncomfortable questions for their C.E.O.s.

#amazon-com-inc, #apple-inc, #company-reports, #computers-and-the-internet, #coronavirus-2019-ncov, #data-mining-and-database-marketing, #e-commerce, #facebook-inc, #google-inc, #microsoft-corp, #recession-and-depression, #regulation-and-deregulation-of-industry, #social-media, #stocks-and-bonds, #united-states-economy

Comcast Earnings Beat Expectations Amid Shift to Streaming

As it takes the risk of transforming itself from a TV giant into a streaming start-up, the cable operator beat investors’ estimates in its first-quarter results.

#advertising-and-marketing, #cable-television, #comcast-corporation, #company-reports, #nbcuniversal, #television, #video-recordings-downloads-and-streaming, #web-original-programming

Tesla Earnings Set Record in First Quarter

The electric-car maker’s performance reflected increasing sales and production around the world.

#automobiles, #company-reports, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #musk-elon, #tesla-motors-inc

HBO Max Gains Traction in a Crowded Field

AT&T, HBO’s parent company, reported that HBO and the new streamer added 2.7 million subscribers in the first quarter.

#att-inc, #company-reports, #hbo-max, #kilar-jason, #movies, #television, #video-recordings-downloads-and-streaming

Once Crippled by the Pandemic, Airlines See a Fast Recovery Coming

As demand for tickets recovers, airlines are calling back workers, adding flights and planning for a summer they say could be normal.

#airlines-and-airplanes, #american-airlines, #company-reports, #coronavirus-2019-ncov, #delta-air-lines-inc, #flight-attendants, #labor-and-jobs, #pilots, #southwest-airlines-company, #united-airlines, #united-states

Netflix’s Dominance Starts to Slow as Rivals Gain

The streaming service reported the addition of four million new customers for the first quarter, below the six million it had forecast.

#company-reports, #media, #netflix-inc, #video-recordings-downloads-and-streaming, #web-original-programming

With Earnings Soaring, Wall Street Banks See Economic Boom Ahead

The banks said they released large chunks of money that had been set aside to cushion themselves from losses caused by the pandemic.

#banking-and-financial-institutions, #company-reports, #dimon-james, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #united-states-economy, #wells-fargocompany

‘It’s Déjà Vu’: Credit Suisse Faces a Big Loss From Familiar Troubles

The Swiss bank is in turmoil after a series of financial disasters that have battered its reputation and are likely to diminish its global clout.

#appointments-and-executive-changes, #archegos-capital-management-llc, #company-reports, #credit-suisse-group-ag, #greensill-capital