IAM Newswire

Last week, we got to see how retail is doing as big names reported their earnings, including Target (NYSE: TGT), Walmart (NYSE: WMT), Kohl's Corporation (NYSE: KSS), Macy's Inc (NYSE: M), The TJX Companies Inc (NYSE: TJX), Lowe's Companies Inc (NYSE: LOW), and Foot Locker (NYSE: FL)....

With Thanksgiving around the corner, inflation is running at its highest annual rate in almost thirteen years and concerns over rising cases of COVID-19 in the U.S. and Europe are growing. This week's earnings repertoire will be hosting reports from Zoom Video Communications (NASDAQ: ZM), Best...

On Friday, Ford Motor (NYSE: F) and Rivian Automotive Inc (NASDAQ: RIVN) confirmed they no longer plan to co-develop an EV that was announced back in 2019 when the Blue Oval invested $500 million in the startup. However, Ford will retain its stake in Rivian which last week exceeded $10 billion in...

On Wednesday, Cisco Systems Inc (NASDAQ: CSCO) reported its fiscal first-quarter results that disappointed Wall Street. The computer networking reported revenue short of analyst estimates as well as a weaker than expected guidance. All in all, the report revealed it is struggling with higher costs...

With all of its domestic cinemas open as of September 30th, as were 99% of its international theaters, AMC Entertainment Holdings (NYSE: AMC) saw significant improvement in admission as well as food and beverage revenue during its third quarter. But despite posting a narrower than expected loss,...

Last week, Lordstown Motors (NASDAQ: RIDE) confirmed it has entered into a "definitive" agreement with Taiwan's Hon Hai Precision Industry (OTC: HNHPF) known as Foxconn to sell its plant which ended up being much larger than the start-up itself needed. Under the deal, the...

Although The Walt Disney Company (NYSE: DIS) showed how strong its brand is like the emotions of its storytelling enchanted our hearts for a lifetime,  it couldn't escape the detrimental effect of COVID-19. Moreover, despite its pricing power that is a source of envy for most other firms,...

On Friday, Xpeng Inc (NYSE: XPEV) teased a new sports utility EV which will be launched this week. Earlier in October, it touted a flying car that can also operate on roads during the company's Tech Day. Xpeng's rivals, also start-ups, Li Auto Inc (NASDAQ: LI) and Nio Inc (NYSE: NI) both...

Both Dow Jones Industrial Average and the S&P 500 ended the week on a strong note, thanks in part to strong earnings results that allayed fears about the spread of the Delta variant and its impact on economic growth. On a less optimistic note, supply chain challenges will still pose challenges...

Roblox Corporation (NYSE: RBLX) soared as it reported that its third-quarter revenue, excluding deferred revenue, doubled. The results impressed analysts so much that the increase lifted Roblox's stock price more than 60% from its public debut in March as shares of the video game company soared...

On Monday, PayPal Holdings Inc (NASDAQ: PYPL) revealed its third-quarter revenue increased YoY as well as that it is joining forces with no other than the e-commerce titan itself, Amazon Inc (NASDAQ: AMZN). However, although shares rose as much as 6.3% upon the report, they reversed course during...

More than a week ago, Starbucks Corporation (NASDAQ: SBUX) topped analysts' estimates for its fiscal fourth-quarter earnings. However, the coffee chain fell short on revenue along with reporting disappointing sales growth in China and providing a mixed outlook for the coming fiscal year,...

It's been more than a week since Facebook announced it is changing its name to Meta Platforms Inc (NASDAQ: FB) to better capture its ambitions that go beyond being a social media platform. The company is investing heavily in what's known as the metaverse, a digital world in which...

Last week, stocks rose and helped both the Dow Jones and the S&P 500 indexes set new all-time records. So far this year, the S&P is now up over 25% while the is Dow slightly behind by gaining 19%. Earnings season continues this week with several major earnings reports, including the highly...

With their latest quarter results, tech giants such as Tesla (NASDAQ: TSLA), Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), Facebook (NASDAQ: FB), and Microsoft (NASDAQ: MSFT), among others, erased any doubt that they can maintain their level of dominance. But even Big Tech faced issues related due...