Wayfair (W) earnings report Q3 2023
Wayfair IPO on the floor of the New York Stock Exchange. Lucas Jackson | Reuters Wayfair is inching closer to profitability, but its third-quarter results still fell short of revenue expectations as the home goods market continues to be under pressure. Here’s how the online furniture retailer did during the period compared with what Wall […]
CVS Health (CVS) earnings Q3 2023
A woman walks past a CVS Pharmacy in Washington, D.C., on Nov. 2, 2022. Brendan Smialowski | AFP | Getty Images CVS on Wednesday reported third-quarter adjusted earnings and revenue that topped Wall Street’s expectations, lifted in part by strong revenue from the company’s health services business. CVS booked sales of $89.76 billion for the […]
This fund manager is betting on strip malls and these other megatrends.
Welcome to the historically decent stock month of November, which follows the longest monthly losing streak (three months) for the three major indexes. It kicks off with a Fed meeting and perhaps more important, the Treasurys breakdown of debt issuance. Our call of the day switches gears to discuss investing in potentially lucrative megatrends in […]
Winners and losers of 2023 talks with GM, Ford, Stellantis
President Joe Biden speaks next to Shawn Fain, president of the United Auto Workers, as he joins striking members of the union on the picket line outside GM’s Willow Run Distribution Center in Bellville, Michigan, Sept. 26, 2023. Evelyn Hockstein | Reuters DETROIT — A tentative deal Monday between the United Auto Workers and General […]
Yum China just gave investors a new reason to worry about the Chinese economy
Yum China Holdings Inc. late Tuesday gave investors a fresh reason to worry about China’s economy. Yum China’s shares YUMC fell about 9% in the extended session Tuesday after the owner of Pizza Hut, KFC and other fast-food brands in China missed Wall Street expectations for its third quarter, saying that “softening consumer demand” emerged […]
Stellantis union strikes cost $3.2 billion in revenue
United Auto Workers members rally outside Stellantis’ Ram 1500 plant in Sterling Heights, Michigan, after the union called a strike at the plant on Oct. 23, 2023. Michael Wayland / CNBC DETROIT — Labor strikes by the United Auto Workers union cost Stellantis about $3.2 billion, or 3 billion euros, in lost revenue through October, […]
NBA, NHL game broadcasts coming soon to immersive domes
Cosm’s shared reality dome concept for viewing live sports broadcasts. Courtesy: Cosm Venues Warner Bros. Discovery and Cosm, a privately held company that specializes in immersive technology, are about to make “shared reality” a reality for sports fans. Cosm plans to open two venues — a 65,000 square foot building in Los Angeles and a […]
WeWork plans to file for bankruptcy, WSJ reports; stock plunges
Shares of WeWork Inc. plummeted after hours on Tuesday after a report that the once-hot co-working-space provider plans to file for bankruptcy protection as early as next week. The news, reported by the Wall Street Journal on Tuesday, comes after the convulsions to office work and the commercial real estate market following the pandemic, and […]
Bud Light tries comeback with sports, concerts
Anheuser-Busch InBev said it will concentrate its marketing on sporting and music events as it tries to reverse falling sales of its flagship beer Bud Light in the face of conservative backlash in the U.S. The brewing giant revealed part of its plan to revitalize the brand Tuesday after it reported third-quarter earnings that beat […]
International equities are beating U.S. stocks in ‘rare’ outperformance. Should you lighten up on non-U.S. equities?
U.S. stocks are lagging international equities over the past year, an unusual occurrence within a longer-term stretch where the S&P 500 index has trounced the rest of the world, according to DataTrek Research. “It is rare to see international stocks beat the S&P over a 1 year holding period,” wrote Nicholas Colas, co-founder of DataTrek, […]
