Macy"s lifts forecast, says "every week was good" in first quarter

(Reuters).....»»

Tayfun Coskun/Anadolu Agency/Getty Images JPMorgan lowered its first-half US GDP forecast Wednesday after projecting a deep recession just one week earlier. First-quarter growth will slip to -10% from its previous -4% estimate, the tea.....»»

Key events to watch next week include low bond yields and how much further they fall as coronavirus fears rise, holiday-quarter sales from Home Depot and Macy's, as well as the final read on fourth-quarter GDP. Conway G. Gittens has the look ahead......»»

Good morning. Friday again, and here are Five Things to end the week on. The streets around the Capitol in Salem were filled with trucks and people with signs and flags. Timber Unity's diesel-fueled protest of plans for a new cap and trade bi.....»»

Toyota Motor Corp on Thursday raised its forecast for annual operating profit by 4.2% due to a slightly weaker yen, while it also expects to sell more vehicles than an earlier estimate......»»

Discount store operator Dollar General Corp raised its full-year profit forecast on Thursday after reporting its best quarterly same-store sales rise in nearly five years, benefiting from a wider selection of products and revamped stores......»»

Macy's Inc cut its annual profit forecast for the second time this year on Thursday, as the department store operator blamed weak international tourism, warm weather and sluggish mall traffic for the first drop in same-store sales in two years......»»

Macy's Inc cut its annual profit forecast for the second time this year on Thursday, as the department store operator blamed weak international tourism and sluggish mall traffic for the first drop in same-store sales in two years......»»

Walmart posted stronger-than-expected third quarter earnings Thursday, and boosted its full-year profit guidance as e-commerce and grocery sales at the world's biggest retailer continue to surge......»»

Xilinx Inc on Wednesday forecast current-quarter and full-year revenue below Wall Street estimates, the second major chipmaker this week to flag the impact of a prolonged U.S.-China trade dispute on its business......»»

Eli Lilly and Co raised its 2019 profit forecast after reporting a better-than-expected quarterly profit on Wednesday, helped by performance of its diabetes drug, Humalog, and lower tax bill......»»

Telecoms equipment maker Ericsson reported quarterly core earnings far ahead of market expectations on Thursday and lifted its 2020 sales target citing a stronger market and currency effects......»»

Analysts question whether Foot Locker can make good on its same-store sales guidance forecast after a second-quarter shortfall......»»

Analysts question whether Foot Locker can make good on its same-store sales guidance forecast after a second-quarter shortfall......»»

The stock skid came despite a good jobs report Friday and a quarter-point rate cut by the Federal Reserve on Wednesday. But Trump’s Thursday afternoon tweets threatening more tariffs on China dampened the feel-good vibe......»»

Pinterest Inc raised its full-year sales forecast and reported second-quarter revenue above Wall Street estimates on Thursday, as the online scrapbook company added more users, sending its shares up 12% in extended trading......»»

U.S. economic growth slowed in the second quarter by less than forecast as consumer spending topped estimates, though weaker business investment and exports underscored the risks spurring the Federal Reserve toward an interest-rate cut next week......»»

U.S. economic growth slowed in the second quarter by less than forecast as consumer spending topped estimates, though weaker business investment and exports underscored the risks spurring the Federal Reserve toward an interest-rate cut next week......»»

Coca-Cola Co beat second-quarter earnings expectations and raised its organic revenue forecast for the full year thanks to higher sales of its zero-sugar sodas, soft drinks with new flavors and ready-to-drink coffees......»»

UnitedHealth said it was lifting its 2019 profit outlook after reporting second-quarter earnings of $3.29 billion, or $3.42 a share, an i.....»»