Shares of Nike (NYSE: NKE) plunged after the athletic apparel and footwear company disappointed investors by forecasting a surprise sales decline for fiscal 2025. The stock is now down about 30% year to date. These recent losses have extended Nike’s decline since the stock hit its peak in 2021, and shares are down about 10% […]
Wales head coach Rob Page has been sacked, the Football Association of Wales has announced. Page spent four years in charge of the national side, having initially been given the role on an interim basis in November 2020 after taking over from Ryan Giggs. He was then appointed permanently in September 2022, overseeing the team […]
Steve Clarke claims the real Scotland showed themselves in the 1-1 draw against Switzerland which keeps their Euro 2024 hopes alive. The Scots were thrashed 5-1 by Germany in the opening Group A game in Munich on Friday, which left the Scots boss and the Tartan Army demanding a reaction which they got. Scott McTominay’s […]
Wales suffered one of the most embarrassing results in their history against Gibraltar as opponents ranked 203 in the world held them to a 0-0 draw. Only seven teams in the 210-strong international football family are worse than Gibraltar, according to FIFA, yet Wales failed to beat a side who had lost their past 13 […]
Elon Musk faces allegations that he illegally sold $7.5 billion worth of equity in Tesla in the fourth quarter of 2022, knowing that the business would disappoint after promising investors an “epic end of year.” In a lawsuit filed with a Delaware court late last week, shareholder Michael Perry accused both the CEO of deliberately […]
Best Buy (BBY) continues to struggle with sluggish sales, as consumer demand fizzles after a spike during the pandemic. The electronics retailer reported a mixed fiscal 2025 first quarter results on Thursday before market open. Adjusted earnings per share came in at $1.20, beating estimates of $1.08. But its net sales of $8.85 billion was […]
By Howard Schneider AMELIA ISLAND, Florida (Reuters) – U.S. inflation data through the first months of 2024 has been “disappointing,” Fed vice chair for supervision Michael Barr said on Monday, leaving the central bank short of the evidence it needs to ease monetary policy. “Inflation readings in the first quarter of this year were disappointing. […]
Shares of Shopify (NYSE: SHOP) sank after the e-commerce software company posted solid first-quarter results, but issued disappointing guidance. Let’s dive into the company’s most recent results and guidance to see if investors should buy the dip. The stock is now down about 20% year to date. Strong results, but lackluster outlook Despite the stock’s […]
(Bloomberg) — Cloudflare Inc. shares sank by 16.35% after markets opened Friday following the company’s second-quarter revenue projections, which fell short of analysts’ expectations. Most Read from Bloomberg The San Francisco-based security company estimated that revenue would total $393.5 million to $394.5 million in the second quarter, with the midpoint of the range missing analysts’ […]
Rishi Sunak has acknowledged a “disappointing” series of local election results after the Conservatives suffered defeats across the UK. But the British prime minister insisted he was “focused completely on the job at hand” and that Labour had still not done enough to be on track to win the general election. Experts have warned the […]
Netflix (NFLX) stock slid as much as 8% Friday after the company gave a second quarter revenue forecast that missed estimates and announced it would stop reporting quarterly subscriber metrics closely watched by Wall Street. On Thursday, Netflix guided to second quarter revenue of $9.49 billion, a miss compared to consensus estimates of $9.51 billion. […]
(Bloomberg) — The weight loss drug frenzy that’s driven Eli Lilly & Co. and Novo Nordisk A/S to record peaks is raising the stakes for investors, according to Goldman Sachs Group Inc. analysts. Most Read from Bloomberg “Expectations are high, which heightens the risk to potentially disappoint,” according to analyst Chris Shibutani, who said investors […]