Target (TGT) earnings Q4 2023

Target on Tuesday posted holiday-quarter revenue and earnings that topped Wall Street’s expectations, but the company said it expects another year of weak sales.  The Minneapolis-based retailer’s shares jumped about 8% in premarket trading as it showed progress in boosting profits and margins. Even so, Target’s comparable sales declined for the third quarter in a row. The key metric, which […]

Viking Therapeutics emerges as competitor

Cr | Istock | Getty Images Biotech company Viking Therapeutics has emerged as a strong potential entrant — or takeover target — in the budding weight loss drug market.  Viking is just one of several companies racing to join the growing space. Some analysts say the market could be worth $100 billion by the end of the decade. Viking aims […]

Major League Pickleball and PPA Tour complete merger

Lacy Schneemann of the Florida Smash returns a shot during a group play Major League Pickleball match against BLQK at Pickle & Chill in Columbus, Ohio, on Oct. 15, 2022. Emilee Chinn | Getty Images Major League Pickleball and the Professional Pickleball Association have completed their long-awaited merger agreement and infused new capital into the sport, the leagues announced Thursday. […]

Novavax (NVAX) earnings report Q4 2023

Budrul Chukrut | Lightrocket | Getty Images Vaccine maker Novavax on Wednesday reported fourth-quarter revenue and earnings that missed Wall Street’s estimates and reiterated plans to cut costs as it fights to stay afloat.  Still, Novavax narrowed its losses in the quarter from the same period a year ago, even as demand for the biotech company’s Covid vaccine – its […]

Inflation vs. deflation: Retailers fear falling prices

A man with a paper bag of groceries looks surprised and upset at a receipt from a supermarket with high prices against the background of an escalator with customers in the shopping center.  Elena Perova | Istock | Getty Images Just ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on food and other staples were […]

Why airlines are raising baggage fees and charging more at the airport

Travelers arrive for flights at O’Hare International Airport in Chicago on March 16, 2021. Scott Olson | Getty Images News | Getty Images Airlines are raising their prices to check a bag — again. Just how much you it will cost you, however, depends on when you pay for the service. United Airlines, American Airlines and JetBlue Airways are among […]

Moderna (MRNA) earnings Q4 2023

Moderna on Thursday posted a surprise quarterly profit, boosted by deferred revenue and cost cuts, even as the company saw slumping sales from its Covid vaccine, its only marketable product. The results cap a rocky year for the biotech company and other Covid vaccine makers, which all saw revenue plunge as the world continued to emerge from pandemic and relied less […]

SOC labor coalition accuses Starbucks of ‘flawed’ union strategy

A coalition of unions is laying out its case against Starbucks ahead of a proxy fight at its annual meeting in March, arguing the coffee giant has implemented a “flawed human capital management strategy” in response to a yearslong union movement. The Strategic Organizing Center claims the situation has put the company at reputational risk, diminishing shareholder returns and isolating […]

Companies make 2024 the year of cost cuts

Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that are turning a profit. Barbie maker Mattel, PayPal, Cisco, Nike, Estée […]

DraftKings posts 44% revenue growth, but falls short of estimates

In this photo illustration the DraftKings logo seen displayed on a smartphone. Rafael Henrique | Sopa Images | Lightrocket | Getty Images DraftKings on Thursday posted quarterly results that missed Wall Street estimates on the top and bottom line, but it increased its revenue by 44%. Here’s what DraftKings reported compared with what Wall Street was expecting, according to analyst […]