Tag Archives: financial performance and reports

[ad_1] New York CNN  —  Party City filed for bankruptcy protection Tuesday after years of losses and weak sales. The largest party goods and Halloween specialty retail chain in the United States said in a regulatory filing that it reached an agreement with debtholders to cut its $1.7 billion debt …

[ad_1] New York CNN  —  JPMorgan Chase, Bank of America, Citigroup and asset management giant BlackRock posted results that topped Wall Street’s forecasts Friday, but investors were nonetheless a little disappointed at first. Trading was choppy, with most bank stocks falling at the open before rebounding. Shares of JPMorgan Chase …

[ad_1] New York CNN  —  Wall Street is bidding goodbye — and good riddance — to 2022. It has been a year most investors would rather forget. Russia’s invasion of Ukraine, snarled supply chains and another year of Covid turned markets on their head this year. Inflation surged around the …

[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN  —  Weaker-than-expected retail sales in November pummeled market sentiment …

[ad_1] New York CNN  —  Used car retailer Carvana, facing a cash crunch, could be headed towards bankruptcy, according to both published reports and a bearish analyst’s call that slashes its share-price target to $1. In mid-afternoon trading, Carvana, best known for its auto vending machine concept, stands at about …

[ad_1] New York CNN Business  —  Tracy Easterling spent about an hour Sunday shopping at Sears, which used to be one of her favorite stores. She ended up with nothing to show for it but memories. Easterling was at the Sears in her hometown of Jersey City, New Jersey, one …

[ad_1] New York CNN Business  —  The restructuring official charged with overseeing FTX’s bankruptcy proceedings said in a court filing that he has never in his career seen “such a complete failure of corporate controls.” “From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in …

[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business  —  The Federal Reserve is most likely going to raise interest rates by three quarters of a percentage point again on Wednesday, its …

[ad_1] New York CNN Business  —  Stocks rallied heading into the weekend, despite lousy results from Amazon. Solid earnings from Apple and record profits from oil giants Chevron and Exxon Mobil were enough to counter the weak outlook from the retail and cloud giant. The Dow, which has Apple (AAPL) …

[ad_1] CNN Business  —  Amazon (AMZN) stock fell some 14% in after-hours trading Thursday after the company forecast its holiday quarter sales would be lighter than analysts had expected. The e-commerce giant said it expects revenue for the final three months of the year to be between $140 billion to …