News of New York

Warning Signs for the Economy: Insights from Macy's and Costco
1 June 2023
3699
Retailers Beware The shifting landscape of consumer behavior has sparked concerns for the US economy, with major retailers such as Macy's, Costco, and Dollar General reporting notable changes in shopper preferences. These shifts in buying patterns a...
The US stock market closed up on Friday: The Dow Jones gaining 2.13%
7 January 2023
4853
After the close of trading on Friday The US stock market ended Friday's trading with gains in the commodities, industrials and technology sectors. You can read how Friday's trading opened on the stock market at GlobalNY.biz by clicking here. The D...
Upcoming week: company reports and economic data
22 May 2022
3745
Schedule for the week The S&P 500 and Nasdaq Composite ended the week recording their 7th consecutive negative week. It is worth noting that this is the longest streak since the end of the dot-com bubble in 2001. However, companies will continu...
Stocks rose: US exchanges open up 0.3-0.5% higher in major indices
3 March 2022
3431
Stock market today Key indices on the New York Stock Exchange rose by 0.3-0.5 percent at the beginning of Thursday's trading session, showing positive dynamics for the second time in a week amid the situation aroun...
Report from Walmart: the company's earnings and shares
18 February 2022
3551
Retailer's report Walmart (WMT) shares on Thursday posted their biggest daily gain since 1 September 2020. Shares in the company, well behind market growth in 2021 but showing a smaller decline since the start of 2022, jumped 4% on Thursday&nb...
Costco restricts purchases of paper goods, water and key items amid supply chain delays
24 September 2021
5323
Purchase restrictions Costco has confirmed that it will begin to reduce purchases of basic household items after delays in the supply chain, which is a complete storm for many retailers. Costco CFO Richard Gallanti said: "W...
Stocks rise as investors ignore signals of Fed cutbacks
23 September 2021
3748
US stock indices continued to rise on Thursday As investors embraced the Federal Reserve's plans to cut asset purchases and raise interest rates. The Dow Jones Industrial Average index rose 230 points, or 0.67%, while the&nb...
Costco struggles with rivals
15 September 2021
4174
At Costco, the number of visitors exceeds pre-pandemic levels In recent months, customers have returned to warehouse clubs at levels above pre-pandemic levels and Costco has shown overwhelming strength in terms of market share, a new report reveals....
Costco's problems with transport costs will be temporary
31 May 2021
4317
Costco Wholesale Corporation (NASDAQ: COST), the world's largest club-type self-service warehouse (shop) chain, reported fiscal Q3 2021 results. The company's revenues increased 21.5% YoY to $45.28 billion. Operating income rose 41% YoY to $1.66 bil...
Kroger markets to stop extra pay to crisis workers
21 May 2020
3462
Supermarket employees forced to work through the pandemic are now facing threats to their “hero pay” even as ornery customers refuse to wear masks while they shop. Employee frustrations could soon reach a boiling point as the l...
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