A Lululemon sign is seen at a shopping mall in San Diego, California, November, 23, 2022. Mike Blake | Reuters Lululemon on Tuesday reported strong holiday-quarter sales, suggesting wealthier shoppers are still purchasing yoga pants and tops despite rising prices for essential goods. The company also …
Slow disinflation and a still-strong jobs market have sparked fears the Fed may be readying to pull the trigger on further aggressive rate hikes in an effort to cool off economic activity and bring inflation down. Nevertheless, the overall backdrop of continued growth momentum isn’t necessarily bad …
Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long term strategy, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Thursday reported full-year profits up 13% year over year and guided to an even stronger year in …
Shares of Nu Holdings Ltd. NU, -2.03% jumped 14.7% after hours on Monday after the Brazil-based digital banking platform reported a surprise third-quarter profit and revenue that beat expectations, helped by a boost in active customers. The company reported net income of $7.8 million, compared with …
By Exec Edge Editorial Staff Dutch Bros Inc. (NYSE: BROS) coffee chain reported a 53% surge in third quarter sales, sending its shares higher aftermarket by 5%. The Oregon-based company said total revenues grew to $198.6 million as compared to $129.8 million in the same period of 2021. …
Ford Motor Co. shares dropped more than 4% in the extended session Monday after the company said inflation and parts shortages will leave it with more unfinished vehicles than it had expected, reminding Wall Street supply-chain snags are far from over for auto makers. Ford F, …
Tesla (TSLA) notched a big jump in China sales and exports last month, an industry group confirmed Thursday, as the carmakers Shanghai gigafactory returned to full pace following shutdowns linked to Covid restrictions and a scheduled upgrade. The China Passenger Car Association (CPCA) said Tesla sold …
