Bottles of Modelo beer are displayed on a shelf at a BevMo store on January 05, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesConstellation Brands' beer sales fell 2% in its latest quarter as President Donald Trump's deportations and consumers' broader economic fears weighed on demand.In April, Constellation...
Category: News
Nike stock soars 17% after CEO soothes investors, says recovery is on the horizon
Nike stock soared 17% on Friday after the company said the worst of its struggles are behind it, following a better-than-feared fiscal fourth-quarter earnings report. Nike on Thursday reiterated it would take the biggest financial hit from its turnaround plan during the quarter, soothing investors who worried President Donald Trump's tariff...
FedEx beats earnings estimates, forecasts $1 billion cost savings in the next fiscal year
FedEx reported better-than-expected quarterly earnings and revenue Tuesday as the company announced it had achieved its $4 billion cost-cutting goal and will aim to trim another $1 billion in its upcoming fiscal year.The company achieved its "structural cost reduction target, in the face of ongoing headwinds," CEO Raj Subramaniam said...
JPMorgan Chase beefs up mobile app with bond trading as bank targets $1 trillion in assets
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview on the sidelines of the JPMorgan China Summit in Shanghai, China, on Thursday, May 22, 2025. Qilai Shen | Bloomberg | Getty ImagesOnce a laggard in the online investing game, JPMorgan Chase now believes it...
Streaming surpasses combined broadcast and cable viewing for the first time
Streaming has outpaced the combined share of broadcast and cable TV viewing for the first time ever, according to a new Nielsen report.Streaming represented 44.8% of total TV viewership in May, its largest share to date, while the combination of broadcast, with 20.1%, and cable, with 24.1%, represented 44.2% of TV viewing, according...