Retail industry

Earnings

Alibaba shares fall 6% after the Chinese tech giant posts 86% drop in profit

Alibaba said it is working on a rival to ChatGPT, the artificial intelligence chatbot that has caused excitement across the

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Politics

Biden takes credit for Target grocery price cuts: ‘They’re answering the call’

U.S. President Joe Biden delivers remarks on lowering costs for American families during a visit to Goffstown, New Hampshire, on

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Earnings

Home Depot misses on revenue, as high interest rates hurt sales

Home Depot on Tuesday posted quarterly revenue below Wall Street’s expectations, as shoppers postponed bigger discretionary projects like bath and

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Earnings

Nike sinks 12% after it slashes sales outlook, unveils $2 billion in cost cuts

Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered

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Earnings

FedEx shares tumble 12% after weaker demand hit revenue outlook

A FedEx plane lands at Shanghai Pudong International Airport in Shanghai on April 27, 2023. Vcg | Visual China Group

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Business

Chipotle wants to hire 19,000 workers for busy spring season, will offer new financial perks

A “Now Hiring” sign is displayed in front of a Chipotle restaurant on October 07, 2022 in Washington, DC. Anna

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