News of New York

Tesla's Stock Shock: Q3 Performance in Turmoil
4 October 2023
4434
Tesla's Shocking Q3 Performance Tesla, a leading electric vehicle (EV) company, faces stock market turbulence as it nears the Q3 2023 earnings report. Despite early September growth, TSLA stock has been consistently volatile, with Q3 deliveries fall...
Accenture's Fiscal 2024 Outlook: IT Spending Pressures Could Weaken Performance
28 September 2023
4120
Accenture's Forecast Falls Short In a recent announcement, IT services firm Accenture projected its full-year earnings and first-quarter revenue below Wall Street's expectations. This forecast signals potential challenges ahead due to the impact of ...
Negative Impact of Increasing Loan Rates on High-Risk Businesses
27 September 2023
4169
Financial Turmoil Two years ago, Petco secured a substantial $1.7 billion loan at a seemingly reasonable 3.5% interest rate. However, today, that rate has nearly doubled to around 9%, creating financial turmoil for the pet-products retail giant. A s...
Bob Iger's Disney Transformation: Progress and Challenges
9 August 2023
3665
Disney's Bumpy Ride After a short retirement, Bob Iger's comeback to Disney nine months ago was a relief for the company and shareholders. His return felt like a dependable "Dad" restoring order. With a t...
Elon Musk's Motivations: Insights from Biographer's 3-Year Journey
18 July 2023
3853
The Elon Musk Effect For the world's richest person, Elon Musk, money is not the sole driving force. Walter Isaacson, Musk's biographer, who spent three years trailing him for an upcoming book, reveals that there are numerous eccentricities and moti...
Nio Stock Plummets Following Significant Revenue Shortfall and Warning
9 June 2023
4058
Warning Signs for Nio Nio Inc., a prominent Chinese electric vehicle manufacturer, experienced a downturn in its U.S.-listed stocks on Friday after unveiling its first-quarter financial results. The company's revenue fell short of expectations prima...
Disney+ Takes a Hit: 4 Million Subscribers Lost in Q2 FY23
11 May 2023
4026
Disney's streaming woes continue Disney's streaming service, Disney+, lost 4 million or 2% paid subscribers in Q2 FY23, ending the quarter with 157.8 million users. The decline was mainly due t...
The Fast Food Industry's Dilemma: How McDonald's Layoffs Highlight the Need for Innovation
6 April 2023
3768
McDonald's layoff McDonald's recent decision to lay off hundreds of corporate employees has come as a surprise to many, given the company's impressive financial performance in 2022. According to documents obtained by NPR, the fast food giant saw an...
How Citizens Financial's Due Diligence Led to Freezing of Annuity Product
30 March 2023
3759
Investigation into financial product Massachusetts authorities are investigating Citizens Financial (NYSE:CFG) over the sale of financial products by its subsidiary, Citizens Securities, which includes Colorado Bankers Life Insurance (CBL). The ong...
Medtronic reports financial results for the Q1 of  FY2023
23 August 2022
7212
Medtronic's financial results Medtronic (MDT) on Tuesday reported first-quarter results that beat analysts' estimates. The earnings figure exceeded forecasts. It is worth noting that Medtronic (MDT) shares closed the f...
Apple report beats Wall Street estimates
29 July 2022
8435
Report from Apple Apple (NASDAQ: AAPL) shares rose after the report as Q3 fiscal 2022 revenue and earnings beat market analysts' forecasts. However, Apple's sales growth is slowing sharply and experts expect lower electronics sales due to inflation....
Report from Nano Dimension for Q1 2022
31 May 2022
3390
Financial results from the company Nano Dimension (NASDAQ: NNDM) today released its Q1 2022 results report. Also, the company said that its revenue growth in Q1 2022. Thus, shares of Nano ...
Foot Locker's total sales increased by 1%
20 May 2022
4012
Company report US sportswear and footwear retailer Foot Locker New York today released its Q1 2022 results report. Thus, the company's shares opened at $31.79 in today's trading and are trading on the plus side. However, the company's shares have ...
Report from Rockwell Automation: Total orders up 37%
3 May 2022
3272
Financial results Rockwell Automation (NYSE: ROK) today released its results report for Q2 2022. As for the company's shares, it is worth noting that Rockwell closed at $250.04 in yesterday's trading, losing -1.04%. Also, the high per share was US$...
Merck announces Q1 2022 results
28 April 2022
3508
Financial results Biopharmaceutical company Merck and Company (NYSE: MRK) today released its Q1 2022 results report. The company's shares opened on the plus side at $85.75 in today's trading. The stock has added +1.24%...
Morgan Stanley's net revenues reach $14.8 billion in Q1 2022
14 April 2022
3831
Morgan Stanley's report and shares US financial conglomerate Morgan Stanley (NYSE: MS) today released its Q1 2022 results report. As for Morgan Stanley shares, the company closed at $83.93 in yesterday's trading, adding +0.24%. The maximum value pe...
BlackRock releases first quarter 2022 earnings report
13 April 2022
3851
The company's Q1 2022 report New York-based BlackRock (NYSE: BLK) today released its Q1 2022 earnings results report. As for the company's stock, it opened on the plus side in today's trading. However, BlackRock shares have fallen by -3.56% over th...
CarMax's net profit for the full financial year is $1.2 billion
12 April 2022
3694
Financial results from CarMax CarMax (NYSE: KMX) today released a report with financial results for Q4 and FY2022. Regarding CarMax shares, it is worth noting that the company's stock has gained 0.03% in the last five days. Also, the company had a ...
Albertsons Companies posted net profits of $455 million for the fourth quarter
12 April 2022
3905
The company's shares and report US grocery company Albertsons Companies (NYSE: ACI) today released its Q4th and full year results report. As for the company's stock, it has lost -3.61% in the last five days. Also, the company had a maximum value pe...
Levi Strauss & Co. reported net revenue up 22%
7 April 2022
3777
Shares of the Levi Strauss and its report One of the popular clothing and footwear manufacturers, Levi Strauss and Co. (NYSE: LEVI) has released its financial results for Q1st 2022. As for the company's shares, the stock opened ...
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