As Gap increased layoffs during the first quarter, online sales declined 9 percent YoY but accounted for about 37% of net sales.
American spaceflight company Virgin Galactic has announced preparation for a highly anticipated milestone as it prepares to launch its first spaceflight in nearly two years.
Nvidia recently increased its quarterly earnings guidance on the back of solid demand, also sparking a rally in AI stocks.
The below-than-expected revenue guidance has stirred a massive plunge in Snowflake shares.
In Q1, Nvidia partnered with ServiceNow, Medtronic, Dell Technologies, and Microsoft’s Azure to build generative AI for its array of products.
The Fed rate hike in the last few months has increased uncertainty to mortgage borrowers as the debt-crisis debate intensifies.
The IPO process would involve offering shares of Banamex to the public, allowing outside investors to purchase those shares and become partial owners of Banamex.
China’s Xpeng shares were trading lower in US pre-trade after the EV company forecast significantly lower vehicle deliveries for Q2.
For Q1 2023, Xiaomi sold far fewer smartphones than in the first quarter of last year due to waning demand.
Crop commodities, including orange juice, are bullish following several underperforming weeks and could hit record highs May-ending.
British inflation has been stubborn forcing the Bank of England to continue its interest rate hikes to 4.5%, for the 12th consecutive time. Economists are expecting further hikes in the upcoming meetings.
Aerospace spinoff Virgin Orbit recently shut down, ending six years of operation after failing to secure a funding lifeline.
Alibaba Cloud has emerged as an early IPO candidate and will reportedly pursue a 7% staff layoff amid its ‘streamlined’ restructuring.
Per the IMF outlook, resilient demand in the context of declining energy prices can encourage a positive outlook for the UK economy in several ways.
The report says that macro drivers favor MicroStrategy shares in terms of the de-dollarization of the world economy.