IAM Newswire

Last Thursday, the New York-based Fortune 500 international beverage alcohol company lifted its fiscal 2022 earnings per share guidance as Constellation Brands Inc (NYSE: STZ) officially left behind its disappointing fiscal second-quarter earnings. Third Quarter Figures For the quarter that ended...

The third-quarter earnings season is officially kicking off this week with investors looking for signs that rising costs will pressure U.S. corporate profits. On Friday, labor data showed the U.S. economy created significantly fewer jobs than anticipated in September. This week, besides banks, we...

On Wednesday, Levi Strauss & Co (NYSE: LEVI) revealed its fiscal third-quarter earnings and sales exceeded analysts' expectations as consumer demand picked up during the back-to-school season and received an additional boost as shoppers looked for the latest denim trends. Fiscal Third-...

The world's most famous social platform is amid a storm, being hit on several fronts. Scrutiny has been getting only worse since September 13th  when The Wall Street Journal began running a series titled "The Facebook Files" causing shares of Facebook Inc (NASDAQ: FB) to drop 12...

PepsiCo Inc (NASDAQ: PEP) raised its revenue outlook after its quarterly revenue and earnings topped estimates on Tuesday, despite supply chain challenges and inflationary pressures on the labor, transportation, and commodity markets. However, the stock fell 1% in premarket trading as beverage...

Last week ended with positive trial results from Merck & Co. Inc (NYSE: MRK) regarding the new Covid pill. This week's financial updates will be led by PepsiCo (NASDAQ: PEP) and Levi Strauss & Co (NYSE: LEVI) whereas Marvell Technology Inc (NASDAQ: MRVL) and Vmware Inc (NYSE: VMW) will...

On Thursday, Bed Bath & Beyond Inc (NASDAQ: BBBY) saw its shares tank upon its second-quarter report. Supply chain disruptions harmed sales whereas inflation ate into profits with the retailer slashing both revenue and earnings outlook for the full year as a brighter outlook was also missing...

Peloton Interactive Inc (NASDAQ: PTON) is looking outside homes for its next stage of growth. Back in April, it acquired Precor whose equipment is usually found in commercial settings for $420 million but it is now doing much more in terms of going outside homes. It is going into branded apparel...

Last Wednesday, General Motors (NYSE: GM) revealed the three motors that will fuel its upcoming lineup of next-generation electric models that will be built on its Ultium battery-powered platform. The Detroit automaker is hoping that its annual two-day Investor's Day event scheduled for...

On Monday night, Ford Motor (NYSE: F) announced it will be investing another $11.4 billion in electric vehicle plants across the US. Under a joint venture South Korean battery maker SK Innovation, it is promising to build its biggest ever factory in Tennessee, a massive 3,600-acre campus, along...

Last week, the Dow powered higher despite the decline of Nike (NYSE: NKE) that missed Street's revenue expectations as even the sportswear giant hasn't been immune to supply chain disruptions. For the week, the Dow gained 0.6%, followed by S&P 500's gain of 0.5%, whereas the Nasdaq...

On Thursday, first-quarter results revealed that the global supply chain havoc has harmed Nike (NYSE: NKE) more than expected. Moreover, longer transit times, labor shortages, and prolonged factory closures due to lockdowns in Vietnam where the sneaker giant produces approximately half of its...

On Tuesday, parcel delivery company FedEx Corporation (NYSE: FDX) reported a decline in quarterly profit along with cutting its earnings outlook due to higher costs and labor shortages. Upon the news, its shares declined more than 4% in after-hours trading. Figures For the quarter that ended in...

On Monday, Bloomberg News reported that Robinhood Markets Inc (NASDAQ: HOOD) is making a long-awaited move as it is testing a crypto wallet feature for its app which would allow its customers to send and receive digital currencies. The company's team is very much at work as evidence appeared in...

Last week, Apple (NASDAQ: AAPL) lost a court case to Fortnite creator Epic Games and was ordered to allow developers to send their app's users to outside payment systems. Opening Apple's ecosystem up to third-party payment options translates to freeing users from paying Apple 15% to 30%...