China’s Xpeng falls on dull forecast as EV price war takes toll
(Reuters) – Xpeng (NYSE:XPEV) on Friday forecast third-quarter revenue below analysts’ expectations and reported a hit to margins following an…
Applied Materials gains on strong guidance, FQ3 earnings beat; analysts sees more room for outperformance
Applied Materials delivered blowout earnings guidance after fiscal third-quarter results beat analyst estimates as the ongoing enterprise race to join…
Deere delivers profit beat, lifts outlook on strong tractor demand
(Reuters) – Deere & Co breezed past Wall Street estimates for third-quarter profit on Friday and raised its annual net…
Dollar slips from two-month high; sterling drops on weak retail sales
The U.S. dollar slipped lower in early European trade Friday, retreating from two-month highs but is still on course for…
Gold sees some relief as dollar falls, rate hike fears cloud outlook
Gold prices rose slightly on Friday, recovering from a five-month low as the dollar saw some profit taking, although concerns…
California probes ‘pharmacy deserts’ in Kroger’s Albertsons deal-sources
(Reuters) – The California attorney general’s office is probing whether Kroger (NYSE:KR)’s $24.6 billion plan to buy rival grocer Albertsons…
Australian wine industry faces hangover from China’s high tariffs
(Reuters) – Australia’s wine industry faces severe oversupply problems that will need years to resolve, experts say, pointing to Chinese…
Farfetch shares crash 40% on Q2 revenue miss & disappointing guidance; analysts cut rating
Farfetch Limited (NYSE:FTCH) shares plummeted more than 39.5% in pre-open Friday after the company delivered weaker-than-expected guidance. Revenue of $579.35…
Instacart preparing to go public in September – Bloomberg
Instacart Inc., the largest online grocery-delivery company in the United States, is reportedly gearing up for an initial public offering…
Air travel boom creates crosswinds for air cargo
(Reuters) – Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from…