With coronavirus-related trade restrictions being eased, South African retail holding company Massmart experienced an 8% rise in sales during the 19 weeks ended May 9. The company, which is partly owned by U.S. retail giant Walmart, generated 30.5 billion rand ($2.17 billion) in sales, the equivalent of an 8.54%...
Cisco Systems Inc. is now expected to beat industry analysts’ forecast for the company’s second-quarter earnings. This news has resulted in a 9.6% rise in Cisco stocks as markets close.
With the economy gradually recovering from its coronavirus slump, governments and companies alike are expected to resume spending on networking...
Ralph Lauren Corp. stocks climbed by 9.5% at 9:31 AM in New York on Tuesday, following the release of its first fiscal quarter financials. This marks a 14% soar in stock value since the start of the year.
In a result that exceeded analysts' expectations, Ralph Lauren recorded a 108%...
California-based EV company Lucid Motors and blank check company Churchill Capital IV (CCIV) completed a merger deal on Monday night. With the deal under wraps, the EV company is one step closer to realizing its goal of going public. Churchill Capital IV shares declined by 30% following the announcement.
As...
Six companies were added to the Nasdaq 100 index last Friday. Home fitness company Peloton Interactive is one of them, having risen by 392% on the Nasdaq Exchange since the start of this year.
This surge is largely influenced by the change in workout routines that consumers have adopted since...
Thai fashion e-commerce startup Pomelo plans to offer its analytics and demand forecast technology to other fashion brands in the region, its chief executive recently announced. This comes as an effort to boost revenue for the company amid slowing physical store sales.
Pomelo chief executive David Jou stated during an...
Ride-sharing company Lyft looks to be on track to recover from the damaging effects of the COVID-19 outbreak, co-founder and President John Zimmer explained in an interview with Yahoo Finance on Tuesday.
This statement comes after Lyft managed to exceed Wall Street’s expectations for the company’s quarterly earnings. The company...
Despite the continued increase on raw materials shortages, US business inventories experienced strong growth during the month of June, rising by 0.8%. This follows a 0.6% rise in May.
While motor vehicle retailers continue to face restocking difficulties, resulting in a 0.3% inventory decrease, other inventories enjoyed stable gains. Retail...
Peloton has been in some serious hot water as of late. Their shares dropped nearly 7.3% after the U.S. Consumer Product Safety Commission released a shocking video of a young child getting sucked underneath a Peloton treadmill.
Peloton has done fairly well for itself over the past year, offering state-of-the-art...