Levi (LEVI) earnings Q2 2024
Denim is having a moment with consumers, but it hasn’t led to a major sales boost at Levi Strauss. The jeans creator on Wednesday posted fiscal second quarter revenue that fell just short of Wall Street’s expectations at a time when shoppers are stocking their wardrobes with denim dresses, skirts and ultra-low-rise baggy pants. Levi’s […]
Southwest Airlines’ stock reverses losses to trade higher after company cuts revenue guidance
Southwest Airlines Co.’s stock tumbled 10% premarket Wednesday, after the carrier lowered its second-quarter revenue guidance in a dynamic environment.
Southwest Airlines cuts revenue forecast
A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in Kailua-Kona, Hawaii. Kevin Carter | Getty Images Southwest Airlines shares fell Wednesday after the carrier cut its second-quarter revenue forecast, citing changing booking patterns. The stock had been down about 4% in early trading before […]
Rivian’s VW partnership seen as ‘game changer’ for the company’s prospects
Rivian Automotive Inc. drew praise from at least two analysts on Wednesday as its stock rallied in premarket trades on the electric vehicle maker’s joint venture with German care giant Volkswagen.
YouTube dominates streaming, forces media companies to adapt
It’s been almost 20 years since the founding of Alphabet’s YouTube, and Hollywood still doesn’t really know what to do with it. YouTube, which effectively invented user-generated content, claims a daunting share of overall media consumption. And it’s no longer just dominating the internet, it’s dominating the living room, too. YouTube made up 9.7% of […]
GM’s Cruise names former Amazon, Microsoft Xbox executive as new CEO
DETROIT – General Motors’ Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its new CEO. Whitten was a founding engineer at Microsoft’s Xbox before leaving the company after more than 17 years to become chief product officer of audio company Sonos in 2014, according to his LinkedIn profile. […]
‘She told my grandchildren lies about me so they would despise me’: I’m disinheriting my ungrateful and selfish daughter. Could she contest my will?
“I once complimented my daughter and her partner on a nice plant in their garage and they started laughing, and told me it was marijuana.”
FedEx (FDX) earnings Q4 2024
A pedestrian walks by a parked FedEx delivery truck on March 21, 2024 in San Francisco, California. Justin Sullivan | Getty Images FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts’ estimates in both earnings and revenue. Here’s how the company did in its fiscal fourth quarter […]
Lower inflation, no recession set stocks up for a summer stunner
Ed Yardeni: Ignore the inverted yield curve — this “Roaring 2020s” market is alive and well.
Volkswagen takes $1 billion stake in EV maker
Workers assemble second-generation R1 vehicles at electric automaker Rivian’s manufacturing facility in Normal, Illinois, on June 21, 2024. Joel Angel Juarez | Reuters Volkswagen Group plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. The additional $4 billion is expected by 2026. It includes […]
