Chewy said elevated out-of-stock levels were a headwind throughout the quarter and reduced sales by about $40 million.
Of all the controversial plays on Wall Street, penny stocks take the cake. The risk-tolerant flock to these names as the potential for share prices to grow from pocket change to more than a few dollars is too tempting to ignore. That said, these tickers aren’t without their pitfalls. Some investors avoid them entirely, arguing that the bargain price tags are too good to be true. Rather, the fact that shares are trading at such low levels could reflect problems lying beneath the surface, whether
Goldman Sachs Head of Energy Research & Senior Commodity Strategist, Damien Courvalin, joins Yahoo Finance to discuss the oil markets trajectory as prices move higher and what to expect as the global recovery from the pandemic continues.
Jeff Tangney, Doximity CEO joins Yahoo Finance’s Anjalee Khemlani and the Yahoo Finance Live panel to discuss the company going public.
In a new interview, former Xerox (XRX) CEO Ursula Burns sharply criticized the astronomical CEO pay amid the pandemic, noting that executives who enjoy sky high compensation and low tax bills take advantage of legal avenues that require structural change.
The IRS just launched a tool to help households collect their child tax credit payments.
Electronic Arts this morning announced that it will pay $1.4 billion to buy Playdemic, a mobile gaming studio whose titles include "Golf Clash," from Warner Bros.Why it matters: This comes just months after EA paid $2.1 billion to buy Glu Mobile. It also resolves talk that not all of WB Games would get included in the Discovery merger.Get market news worthy of your time with Axios Markets. Subscribe for free. The big picture: Console game makers are moving hard toward mobile. Some of that is ada
American Eagle Outfitters investors are basking in some gains thanks to star Brooke Shields and her daughters.
In this article, we discuss the 10 new stocks Reddit’s WallStreetBets is buying. If you want to skip our detailed analysis of these stocks, go directly to 5 New Stocks Reddit’s WallStreetBets Is Buying. The post-pandemic marketplace, already under heavy strain amid fears of inflation and a dramatic drop in the prices of growth stocks […]
Nike’s fourth-quarter sales were almost double those of a year ago as the company reported its fiscal 2021 earnings to Wall Street this afternoon. Revenue in the fourth quarter, ending May 31, was up 96% to $12.3 billion, helping the athletic goods maker post a 19% year-over-year sales gain to $44.5 billion. The business also […]
As part of the $1.9 trillion American Rescue Plan Act signed into law by President Biden back in March, the IRS is preparing to launch the portal for the $3,000 child tax credit. "We will launch by...
There could be a 'likely association' between adolescents getting the vaccines and cases of myocarditis and pericarditis.
Cryptocurrencies aren't just for the techies — anyone can safely purchase them.
Mark Calabria is on the way out as director of the Federal Housing Finance Agency, which runs Fannie Mae and Freddie Mac, after Supreme Court ruling.
The House Minority Leader blamed the IRS for wasting taxpayer dollars but he was citing a poster made by a college student passionate about politics.
Elon Musk said Starlink, a network of satellites offering Internet service, could list when its revenue becomes "reasonably predictable" in a few years.
(NKE) stock was rising after the company reported better-than-expected earnings and detailed the financial impact of boycotts in China. The sports apparel and accessories company (ticker: NKE) reported a profit of 93 cents a share on sales of $12.3 billion for its fiscal fourth quarter, ended May 31. In a statement to investors, Chief Executive Officer John Donahue attributed the company’s strong results to its Consumer Direct Acceleration strategy—NIKE Direct sales rose 73% to $4.5 billion, during the fourth quarter.
Shares of the Columbus, Ohio-based company, Big Lots (BIG), have surged 5.7% to close at $69 on June 22. Big Lots is a retail company that sells a full range of goods, from groceries and household items to home furnishings and toys. Big Lots’ strong business growth endeavors, including efforts to boost online sales, have been helping the company to drive growth. With a market capitalization of $2.39 billion, BIG has gained 54% in the past six months and 104.6% over the past year. (See Big Lots s
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
COLUMBUS, Ohio, June 23, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $978.3 million and net earnings of $113.6 million, or $2.15 per diluted share, for its fiscal 2021 fourth quarter ended May 31, 2021. In the fourth quarter of fiscal 2020, the Company reported net sales of $611.6 million and net earnings of $16.2 million, or $0.29 per diluted share. Results in both the current and prior year quarters were impacted by certain unique items, as sum
Nike smashes fourth-quarter expectations.