retail industry

Alibaba shares jump 7% after quarterly earnings beat expectations

Alibaba shares jump 7% after quarterly earnings beat expectations

Alibaba has faced growth challenges amid a regulatory tightening in China’s domestic tech sector and a slowdown in the world’s second-largest economy. But analysts believe the e-commerce giant’s growth could rebound through the rest of 2022. Guang Da | Jiemian News | VCG | fake images Alibaba on Thursday reported fiscal first-quarter earnings that beat …

Alibaba shares jump 7% after quarterly earnings beat expectations Read More »

Yum Brands reports stronger sales for Taco Bell, but China lockdowns weigh on KFC

Yum Brands reports stronger sales for Taco Bell, but China lockdowns weigh on KFC

A woman walks past a Taco Bell cantina on July 30, 2020 in New York City. Alexi Rosenfeld | fake images Yum Brands reported mixed quarterly results on Wednesday, as China’s Covid lockdowns weighed on sales at KFC and Pizza Hut. Taco Bell, however, reported stronger same-store sales growth in the US, driven by higher …

Yum Brands reports stronger sales for Taco Bell, but China lockdowns weigh on KFC Read More »

4 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday

4 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday

Every weekday, CNBC Investing Club with Jim Cramer hosts a live broadcast of “Morning Meeting” at 10:20 am ET. Here’s a rundown of Monday’s key moments. No time to be greedy Oil Crashes Quick Mentions: WMT, COST, DHR, CRM, LLY AMD Earnings This Week 1. No time to be greedy Stocks had a mixed Monday …

4 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday Read More »

Trucking CEOs expect higher prices, potential disruptions in second half of the year

Trucking CEOs expect higher prices, potential disruptions in second half of the year

Trucks at the entrance to the Port of Oakland in Oakland, California, USA, on Thursday, July 14, 2022. Truckers serving some of the busiest ports in the US have the effect, creating another bottleneck in the stressed US supply chains David Pablo Morris | Mayor Bloomberg | fake images US trucking CEOs expect to maintain …

Trucking CEOs expect higher prices, potential disruptions in second half of the year Read More »

There is deflation in some items as Wingstop notes dropping chicken wing prices

There is deflation in some items as Wingstop notes dropping chicken wing prices

Three months ago, Wingstop put a surprise in its earnings release: It was seeing a DEFLATION in the costs of bone-in chicken wings. The chicken chain reiterated the trend with its latest results on Thursday morning and its shares jumped 20% on the news. “We are benefiting from significant deflation in bone-in wings,” said CEO …

There is deflation in some items as Wingstop notes dropping chicken wing prices Read More »

Best Buy cuts its outlook, joining other retailers as inflation pressures shoppers

Best Buy cuts its outlook, joining other retailers as inflation pressures shoppers

Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Scott Olsen | fake images Best Buy on Wednesday cut its forecast for its fiscal year and second quarter, saying it has seen weaker demand for consumer electronics amid inflation. The consumer electronics retailer said it now expects same-store sales to …

Best Buy cuts its outlook, joining other retailers as inflation pressures shoppers Read More »