• Why Is the Stock Market Down Today? Dow Slides and Target Tumbles.0

    Traders on the floor of the New York Stock Exchange last week. The Dow Jones Industrial Average had its worst day since 2020 on Wednesday. Photo by Spencer Platt/Getty Images Text size Sometimes it takes just one stock to bring the market’s worst fears to life. On Wednesday, that stock was Target. It was a

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  • Target Stock Tumbles After Earnings Miss by a Mile. What Went Wrong.0

    Text size Target earnings fall well short of analysts’ expectations. AFP via Getty Images Target stock was tanking after the retailer reported first-quarter adjusted earnings of $2.19 a share, well below analysts’ forecasts. It wasn’t just the past quarter that is causing Target stock, down nearly 22%, to tumble. The retailer also said for the

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  • Tencent Revenue Misses Estimates and Profit Slumps 51%0

    Text size Tencent headquarters in the southern Chinese city of Shenzhen. Noel Celis/AFP via Getty Images Tencent , the Chinese videogame maker and social media company, reported first-quarter revenue of 135.5 billion yuan, missing analysts’ forecasts. Net earnings at Tencent (ticker: TCEHY) fell 51% from a year earlier to 23.41 billion yuan. Analysts surveyed by

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  • Walmart Earnings Are Dented by Food Inflation, Staffing Costs0

    Walmart like many of the families that shop in its stores, is getting squeezed by higher food prices and other rising costs. The country’s largest retailer by revenue said sales increased in the most recent quarter, but higher product, supply-chain and employee costs ate into profits, sending the retailer’s stock sharply lower Tuesday. Source link

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  • Evidence of Nosedive Suggests Boeing Not at Fault in China Eastern Crash0

    Text size A passenger stands inside a terminal in front of a China Eastern plane at Shanghai Hongqiao International Airport. Qilai Shen/Bloomberg Boeing shares rose on news that the tragic crash of a 737-800 operated by China Eastern Airlines likely wasn’t caused by a plane malfunction. The Wall Street Journal, citing U.S. officials, reported Tuesday

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  • Cisco Systems’ Earnings Are Today. Here’s What to Expect.0

    Text size Barclays analyst Tim Long says order growth at Cisco is likely to slow down. Josep Lago/AFP via Getty Images Wall Street is optimistic about Cisco Systems’ quarterly results, due after the close of trading Wednesday, but concerns remain about how the networking giant’s outlook might be affected by difficult macroeconomic conditions. For the

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