Walmart shares fall as higher costs, supply chain problems and inventories eat into profits
The discounter said the significant jump in fuel prices, higher labor costs and aggressive inventory levels weighed on the company's profits.
Chinese e-commerce giant JD beats estimates despite slowest quarterly revenue growth on record; shares pop 8%
JD.com said revenue for the first quarter of 2022 totaled 239.7 billion Chinese yuan ($37.8 billion) vs. 236.6 billion yuan expected, a 18% year-on-year rise.
Gold finishes up 0.3% Monday, snaps 2-session skid
Gold futures rose on Monday, ending a 2-session slid, as the dollar's surge took a breather and Treasury yields pulled back from a recent peak....
IQIYI stock soars after J.P. Morgan swings to bullish from bearish, quadruples price target
Shares of iQIYI Inc. soared 17.7% in afternoon trading Monday, after a double upgrade by J.P. Morgan analyst Alex Yao to buy from underweight, saying...
FDA declines to authorize fluvoxamine as a COVID-19 treatment
The Food and Drug Administration said Monday that it won't authorize fluvoxamine, a generic treatment for obsessive-compulsive disorder, as a COVID-19 therapy. "The FDA has...
S&P 500, Nasdaq Composite finish lower Monday after earlier stock gains fizzle
U.S. stocks closed mixed Monday, with equities losing steam in the final 15 minutes of trade. The Dow Jones Industrial Average rose about 27 points,...
FDA authorizes Labcorp’s direct-to-consumer test for RSV, the flu, and COVID-19
The Food and Drug Administration on Monday authorized a test developed by Laboratory Corporation of America Holdings that allows people in the U.S. to self-test...
Home Depot is about to report earnings. Here’s what to expect
Shares of the company have fallen 7% over the last year, dragging its market value down to $306 billion.