Business

Costco Wholesale misses revenue estimates on weak discretionary spending

• Business

Costco Wholesale misses revenue estimates on weak discretionary spending

Market Spectator March 8, 2024

By Aatrayee Chatterjee (Reuters) -Costco Wholesale fell short of Wall Street estimates for quarterly sales on Thursday...

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Wall Street rallies, S&P 500 posts record closing high

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Wall Street rallies, S&P 500 posts record closing high

Market Spectator March 7, 2024

By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street charged ahead on Thursday, with the S&P...

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Berkshire’s PacifiCorp ordered to pay at least $29 million to Oregon wildfire victims

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Berkshire’s PacifiCorp ordered to pay at least $29 million to Oregon wildfire victims

Market Spectator March 7, 2024

By Clark Mindock (Reuters) -An Oregon state jury on Tuesday ordered Berkshire Hathaway’s PacifiCorp to pay at...

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Novo valuation surpasses Tesla on experimental obesity drug data

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Novo valuation surpasses Tesla on experimental obesity drug data

Market Spectator March 7, 2024

By Jacob Gronholt-Pedersen and Maggie Fick COPENHAGEN (Reuters) -Novo Nordisk on Thursday surpassed Tesla Inc in market...

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Wall Street indexes advance as Fed’s Powell fuels hopes for rate cuts this year

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Wall Street indexes advance as Fed’s Powell fuels hopes for rate cuts this year

Market Spectator March 6, 2024

By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street’s three major indexes closed higher on Wednesday...

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BofA joins rivals in predicting stronger investment banking revenue

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BofA joins rivals in predicting stronger investment banking revenue

Market Spectator March 6, 2024

By Saeed Azhar NEW YORK (Reuters) -Bank of America expects its investment banking revenue to rise by...

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Nordstrom’s weak 2024 forecasts overshadow strong holiday-quarter sales

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Nordstrom’s weak 2024 forecasts overshadow strong holiday-quarter sales

Market Spectator March 5, 2024

By Ananya Mariam Rajesh (Reuters) -Nordstrom forecast annual results largely below Wall Street expectations on Tuesday, signaling...

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JetBlue, Spirit Airlines call off $3.8 billion merger on antitrust hurdle

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JetBlue, Spirit Airlines call off $3.8 billion merger on antitrust hurdle

Market Spectator March 5, 2024

By David Shepardson and Aatreyee Dasgupta WASHINGTON (Reuters) -JetBlue Airways and Spirit Airlines scrapped their $3.8-billion merger...

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US stocks end lower ahead of Powell, jobs data; bitcoin surges

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US stocks end lower ahead of Powell, jobs data; bitcoin surges

Market Spectator March 5, 2024

By Stephen Culp NEW YORK (Reuters) -Wall Street stocks closed lower on Monday, backing away from record...

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Former Twitter execs sue Elon Musk for over $128 million in severance

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Former Twitter execs sue Elon Musk for over $128 million in severance

Market Spectator March 4, 2024

(Reuters) -Four former top Twitter executives, including former CEO Parag Agrawal, have sued Elon Musk for over...

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