Luxury automaker Porsche issues growth outlook after record 2022 earnings
Luxury carmaker Porsche AG sets long-term target of more than 20% of return on sales.
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Dick’s Sporting Goods smashes same-store sales expectations for holiday quarter
Dick’s Sporting Goods same-store sales increased 5.3% in the fourth quarter, more than double analyst’s estimates of 2.1%.
The Fed now has no choice but to push the US into a ‘hard landing’ recession to pull inflation down, strategist says
“I think the Fed has no choice but to engineer a hard landing,” according to TD Securities strategist Priya Misra.
Salesforce records best day since 2020 after blowout earnings report
Salesforce beat estimates on Wednesday, and activist investor Elliott Management was complimentary after the company showed margin improvement.
Macy’s shares jump after holiday-quarter profit tops expectations
Macy’s delivered a bigger profit than expected during the holiday quarter.
Best Buy tops holiday-quarter expectations but warns of further sales declines in the coming year
Best Buy posted earnings and revenue that beat analyst’s estimates for its holiday quarter.
Bitcoin has made a ‘phenomenal’ comeback as it shakes off the crypto crisis, but a stubbornly strong economy puts the rally at risk
Bitcoin is up almost 50% after tanking in 2022 thanks to high-profile crypto failures like FTX, but the prospect of more interest-rate hikes could dent the rally.
Small businesses brace for reduced consumer demand
Small businesses are bracing for a year of labor shortages, inflation woes and reduced consumer demand even as they grow hopeful about recovery from the COVID-19 pandemic, recent studies show.
Earnings and hints of peaking inflation buoy stocks
LONDON, Feb 9 — Earnings from Walt Disney, Siemens and AstraZeneca dispelled investor worries about the economy and future pace of interest rate hikes, helping stocks advance to…
European markets close higher as earnings season nears end; Credit Suisse down 15%
European markets closed higher Thursday as investors weighed up the economic outlook and corporate earnings.