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Target Profit Falters Amid Inflation

Rebecca Urena08/17/202208/17/2022

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Target (NYSE: TGT) revealed Wednesday that its quarterly profit had tumbled almost 90% from the previous year, as the markdowns on unwanted items began to weigh on its bottom...

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Disney Reports Disappointing Earnings Despite Subscriber Growth

Rebecca Urena05/12/202205/12/2022

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Disney (NYSE: DIS) shares fell over 4% during premarket trading Thursday after reporting second-quarter earnings that missed analysts’ expectations on Wednesday. The company revealed that it is still experiencing...

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Uber Set to Reduce Spending Amid ‘Seismic Shift’

Rebecca Urena05/09/202205/09/2022

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Uber (NYSE: UBER) is prepared to reduce spending and become a leaner business, focused on the “seismic shift” in investor sentiment, according to CEO Dara Khosrowshahi. The ride-sharing company...

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Peloton Shares Tumble Amid Potential Sale of 20% Stake

Rebecca Urena05/06/202205/06/2022

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Peloton Interactive (NASDAQ: PTON) shares fell over 12% Friday, reaching an all-time low of USD14.70, as investors fear that the company may not be able to rebound and post...

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Exxon Mobil’s First-Quarter Profit Rises, Despite $3.4 Billion Tax Hit

Rebecca Urena04/29/2022

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Exxon Mobil (NYSE: XOM) shares fell Friday morning after the company was hit with a USD3.4 Billion tax charge related to its exit from Russia. Nevertheless, its 2022 first-quarter...

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United Shares Rise Despite Mixed Q1 Earnings

Rebecca Urena04/21/202204/21/2022

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United Airlines (NASDAQ: UAL) announced that it expects to make a profit in 2022 for the first time since the pandemic hit as passengers begin to book and pay...

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Chewy Reports Fourth-Quarter Earnings

Rebecca Urena03/30/2022

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Chewy (NYSE: CHWY) reported fourth-quarter earnings on Tuesday, which missed analyst estimates, as operating conditions in various locations continue to suffer. The company’s stock fell 14% during morning trading...

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General Motors Posts Record Q4 Earnings

Rebecca Urena02/02/202206/09/2022

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General Motors (NYSE: GM) reported record earnings for 2021, despite the devastating computer chip shortage that impacted the industry. It now expects to produce an operating profit this year...

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