Walmart gives Jet.com a new look to woo the urban youth
When Walmart (WMT) embarked on the transition to a full-fledged e-commerce retailer, apparently in response to the aggressive strategies of…
Fred’s Inc. misses Q2 revenue estimates; delivers net loss
Fred’s Inc. (FRED) missed market expectations on revenues for the second quarter of 2018. Net sales dropped 4.3% to $419.7…
Powered by cloud, Adobe is set for a repeat performance
Adobe Systems (ADBE) has a history of delivering positive earnings surprises, and the recent quarters were no exception. When the…
Kroger stock declines 9% on Q2 revenue miss
The Kroger Co. (KR) topped analysts' expectations for Q2 earnings but slightly missed the mark on revenues. Identical-store sales, excluding…
Insurance, construction firms to be hit worst by Hurricane Florence
With Hurricane Florence at the doorstep, experts estimate it to incur damages worth $170.2 billion along the East Coast, as…
Facebook will now use artificial intelligence to tackle offensive memes
Facebook (FB) has been investing significantly in artificial intelligence and machine learning capabilities. The company will now use these capabilities…
FDA puts the heat on e-cig makers to curb teen vaping
The e-cigarette market witnessed a phenomenal growth mainly because the concept was popularized in a convincing manner. While many wannabe…
Tesla’s Chinese rival Nio fails to impress with IPO
Chinese carmaker NIO Inc. went public in New York today under the ticker symbol NIO but its IPO failed to…
Micron crumbles on rating downgrade amid looming correction
The softening demand for memory chips has been a cause for concern among semiconductor companies for some time. Adding to…