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GameStop (GME) This fall 2022 earnings
GameStop on Tuesday posted quarterly earnings for the first time in two years and ended its fiscal year on a strong note in the holiday quarter after grappling with falling sales, inventory issues and cash flow pressures. The company’s shares are up more than 45% during after-hours trading. For the quarter ended January 28, net…
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Virgin Orbit is scrambling to keep away from chapter as deal talks proceed
Virgin Orbit’s LauncherOne rocket on display in Times Square, New York. CNBC | Michael Sheetz Virgo Orbit is scrambling to secure a funding lifeline and avoid bankruptcy, which could come as soon as this week without a deal, CNBC has learned. The rocket maker suspended operations last week and furloughed most of the company, CNBC…
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Disneyland’s reopening of Toontown with an inclusive design
Mickey Mouse, Minnie, Donald, Daisy, Clarabelle, Goofy, Pluto and Pete stand in front of Mickey’s house in the renovated Toontown at Disneyland. Disney Parkgoers at Disneyland in Anaheim, California can finally return to Mickey’s Toontown this weekend after a year-long closure for renovations. The cartoon-inspired land has long been a haven for Disney’s younger parkgoers,…
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Organized crime plagues retailers and fuels debate
America’s largest retailers say organized retail crime has become a multibillion-dollar problem, but the effectiveness of their strategies to solve it and the overall validity of the data have been called into question. In recent years, companies such as home depot, lowes, Walmart, best buy, Walgreens And CV Organized gangs of thieves are sounding the…
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Outcomes of FedEx (FDX) Q3 2023
This photo shows the FedEx logo on February 16, 2023 in Washington DC, USA. Celal Gunes | Anadolu Agency | Getty Images FedEx lifted its full-year earnings guidance on Thursday as cost-cutting measures offset continued weakness in demand at units like FedEx Express. FedEx now expects fiscal 2023 adjusted earnings per share to be between…
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Retailers launch recession playbook
A woman carries bags of J.Crew, Nordstrom, UGG and Victoria’s Secret merchandise at King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images The US economy may not be in recession, but it feels like it is in many businesses across the country. Take Kroger for example.…
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Airline shares slide regardless of CEOs’ optimistic demand outlook
A JetBlue airplane at Ronald Reagan Washington National Airport in Arlington, Virginia on March 9, 2023. Stefanie Reynolds | AFP | Getty Images Airline stocks fell on Wednesday as the market fell across the board on worries about the health of some banks and new data showing a slowdown in consumer spending. The NYSE Arca…
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Michael Jordan’s ‘Final Dance’ sneakers are up for public sale
Michael Jordan’s 1998 NBA Finals Game 2 Air Jordan 13s from The Last Dance season are expected to sell for $2/4 million. Courtesy: Sotheby’s An iconic pair of Air Jordan sneakers is up for sale and is expected to be the most expensive pair of sneakers ever seen at auction, with an estimated retail price…
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Biden administration is asking Congress to ban household seating charges
Passengers wearing protective masks are seen boarding prior to a JetBlue flight to London at JFK International Airport in the Queens borough of New York, August 11, 2021. jeenah moon | Reuters The Biden administration is asking Congress to pass legislation that would ban airlines from charging families traveling with children under 14 to sit…
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Oscar field workplace hits are shrinking
Michelle Yeoh in Everything, Everywhere at Once. Source: imdb The best picture winner at Sunday’s Oscars may not get a box office hit for taking home the biggest prize of the night. It’s part of Hollywood’s evolution. The Covid pandemic and the rise of streaming have fundamentally changed the industry. The result was a smaller…
