What this week’s retail earnings tell us about Costco, Amazon and Apple

Target (TGT) missed on earnings. Lowe’s (LOW) provided mixed results. Home Depot (HD) fared better. Walmart (WMT) beat estimates but warned its customers were focusing more on lower prices. Results were all over the map for this week of retail earnings. But dig a little deeper, and there were some very clear themes — regardless … Read more

Bed Bath & Beyond, Foot Locker and more

Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Check out the companies making headlines in midday trading. Foot Locker — The retail stock surged more than 20% after it appointed former Ulta Beauty head Mary Dillon as its chief executive officer, replacing Richard Johnson. Foot Locker also reported a smaller-than-expected drop in comparable sales for … Read more

Deere, Foot Locker, Bed Bath & Beyond and more

Check out the companies making headlines before the bell: Deere (DE) – Deere slid 5.2% in premarket trading after the heavy equipment maker missed quarterly earnings estimates despite higher-than-expected sales. Deere earned $6.16 per share, below the consensus estimate of $6.69, as it successfully implemented price hikes but also faced higher costs. The company also … Read more

5 things to know before the stock market opens Friday, August 19

Traders work on the floor of the New York Stock Exchange (NYSE), August 17, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Rough morning for stocks The three major U.S. indexes were primed to open in negative territory Friday morning, dimming hopes … Read more

Energy bills are squeezing businesses and people as UK costs soar

A high street decorated with British Union Jack bunting in Penistone, UK. The End Fuel Poverty Coalition has warned “a tsunami of fuel poverty will hit the country this winter.” Bloomberg | Bloomberg | Getty Images LONDON — Facing soaring energy bills, rising costs and rapidly declining consumer purchasing power, small businesses across the U.K. … Read more

Lobster fishermen protest price decline for catch in Shediac, N.B. – New Brunswick

Lobster fishermen protest price decline for catch in Shediac, N.B. - New Brunswick

One week into lobster fishing season, lobster fishermen gathered in droves to protest against the price they’re being offered for their catch in front of the Homarus Eco-Centre tourist attraction on Shediac, N.B.’s Main Street. They said they’re insulted by the 40-per cent price decrease as compared to last year. Luc LeBlanc, who serves as … Read more

BC Ferries reports highest-ever quarter for vehicle traffic – BC

BC Ferries reports highest-ever quarter for vehicle traffic - BC

British Columbians and travellers are using BC Ferries now more than ever, after a major dip in ridership during the pandemic, according to BC Ferries’ statistics. Traffic levels are close to pre-pandemic levels, officials said in a press conference Thursday. “In the first three months (of this fiscal year), passenger and vehicle traffic increased 74 … Read more

Cisco, BJ’s Wholesale, Bed Bath & Beyond, Kohl’s and more

A customer walks through an aisle of a BJ’s Wholesale Club Inc. store in Falls Church, Virginia, U.S. Bloomberg | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Cisco Systems — Shares of the networking equipment producer jumped 5.8%. The company reported earnings after the bell on Wednesday that beat … Read more

Recession or no recession — does it even matter?

If the recession debate seems a bit confusing to you, you’re not the only one. Gross domestic product has declined in back-to-back quarters this year, which is a common signal to market watchers of a recession. But even top experts are debating whether that fact in the current economy amounts to the “R” word this … Read more

Rising business bankruptcies in Canada just the tip of the iceberg: CFIB – National

Rising business bankruptcies in Canada just the tip of the iceberg: CFIB - National

By Staff The Canadian Press Posted August 18, 2022 7:56 am Smaller font Descrease article font size –A Larger font Increase article font size A+ A small business lobby group says commercial bankruptcies are rising in Canada and even more small businesses are at risk of closure. Statistics Canada data shows small business insolvencies have … Read more