“We can deliver stronger financial performance in the short-term simply by running our core business better but that won’t be enough,” Chief Executive Doug McMillon said at an investor meeting in New York. Wal-Mart had previously forecast net sales growth of 1-2 percent for the current year ending January. The company also said it now expected earnings per share to decline by 6-12 percent next fiscal year.
The recently named head of Volkswagen’s North American business won’t be taking up his new job – and has left the company. The announcement comes as Volkswagen faces a scandal over rigging the results …
Simply put, the Democratic front-runner put her competition to shame.
U.S. retail sales barely rose in September and producer prices recorded their biggest decline in eight years, raising further doubts about whether the Federal Reserve will raise interest rates this year. “The softness of September’s figures supports our view that the Fed probably isn’t going to hike interest rates until early next year,” said Paul Ashworth, chief U.S. economist at Capital Economics in Toronto. The Commerce Department said retail sales
The San Francisco lender has been using its hefty balance sheet to diversify its business as it braces for a rise in interest rates to cut into demand for home loans. It is unclear when the U.S. Federal Reserve will hike interest rates, but Fed Chair Janet Yellen recently said she supports raising rates this year.
Wal-Mart CEO Doug McMillon said Wednesday the company’s investments in its associates, stores, and e-commerce paying off.
BofA has been slashing billions of dollars in costs in its commercial lending, investment banking and wealth management businesses as overnight fund rates remain near zero and worries about China’s economy and uncertainty over the timing of a U.S. rate hike prevent traders from making big bets. Consumer banking was BofA’s only business to report a rise in revenue as the lender restructured its branch network, grew active accounts and
Ariana Grande underwent a (gasp!) hair transformation for her new single’s cover photo. OK, she didn’t go crazy—she did keep her signature high ponytail, or rather, a…
Leave it Jimmy Kimmel to get hard-hitting reaction from the political junkies of Los Angeles. During Tuesday’s episode of Jimmy Kimmel Live, the late-night talk show host aired…
There are many enjoyable things about Scream Queens, from its fashion to its one-liners, and now its bloopers. Niecy Nash, everybody’s favorite scene-stealer Denise Hemphill of Secure…
