Consumers Have Strained From Non-Necessity Retailers
Recent retail earnings showed a good deal of doom and gloom signs of a weakened consumer spending. Both Macy’s Inc (NYSE: M) and Nordstrom Inc (NYSE: JWN) saw falling digital sales.
DocuSign Ticked The Right Financial Metric Boxes But The Market Cared About Something Else
The San-Francisco-based electronic-signature software company posted better-than-expected results, yet shares dropped with fears of DocuSign Inc (NASDAQ: DOCU) facing deteriorating demand trends, competition from no other than Microsoft Corporation (NASDAQ:
CrowdStrike Beats Microsoft When It Comes to Cybersecurity
After the market close on Tuesday, the cyber security firm CrowdStrike Holdings Inc (NASDAQ: CWRD) reported better-than-expected fourth quarter earnings along with an optimistic guidance.
Rivian Seems To Be Lacking The EV Luster
On Tuesday, shares of Rivian Automobile Inc (NASDAQ: RIVN) fell as EV maker revealed late Monday it is looking to raise $1.3 billion in cash via a sale of convertible notes amid growing demand concerns.
The World Is Transitioning To The EV Future, But Not Without Growth Pains
Monday’s quarterly report from Lordstown Motors (NASDAQ: RIDE) raised significant concerns as the EV startup is struggling with production issues and its undergoing electrification. It already halted production of its EV pickups on February 23rd, after only having delivered just six of them.
Samsung Is First to Succumb to a Slowing Economy That Is Crushing Semiconductors
On Friday, Samsung Electronics Co. Ltd (KSE: 005930.KS) flagged its October-December operating quarterly profit has tumbled by two-thirds to an eight-year low as a sluggish global economy hammered memory chip prices and weakened demand for electronic devices.
Shopify Is Innovating Across All Stripes In an Effort To Slash Costs
Rising inflation and higher interest rates are weakening consumers’ buying power and consequently, e-commerce purchases are dropping.
Hyundai Quietly Beats GM, Nissan and Stellantis
Kia’s parent company, Hyundai Motor Company (OTC: HYMTF) has managed to beat General Motors (NYSE: GM), Nissan Motor Co Ltd (OTC: NSANY) and Stellantis N.V.
Even Recession Fears Cannot Push Athleisure Out Of Style
Nike (NYSE: NKE) shares rose after quarterly earnings showed buoyant North America sales. Despite heavy discounting due to excessive inventory hitting profit margins and causing flat profits on higher sales, the US athleisure company topped estimates.
US Conglomerate Bids Farewell to Harmful Forever Chemicals
Due to increasing regulatory pressures to fight accumulating harmful substances in the environment and our bodies, 3M Company (NYSE: MMM) committed to stop manufacturing perfluoralkyl and polyfluoroalkyl substances, the so-called PFAS, and work on discontinuing their use across its product range by the end of 2025.