Market News
Walmart delivers fatal blow to Amazon with this new trick
Walmart (WMT) puts in quite an effort to try and keep up with its arch-rival Amazon (AMZN). The big-box retail…
Facebook shareholder meeting: lots of anger, little change
If there is anyone who knows how to beat around a bush, it is Facebook (FB) CEO Mark Zuckerberg. At…
Lululemon Athletica stock jumps on strong outlook
Athletic apparel retailer Lululemon Athletica (LULU) reported a jump in earnings for its first quarter helped by an increase in…
Ulta Beauty stock drops on weak quarterly outlook
Ulta Beauty (ULTA) reported a jump in earnings for the first quarter helped by strong retail comparable store sales, new…
Stocks fall as Trump hits close allies with steel, aluminum tariffs
In a move that could lead to a full-fledged trade war between Washington and the European Union (EU), the Trump…
Xiaomi launches Mi8 with a naked back, sparking controversy
Looks like the Chinese companies are determined to give US tech giants a tough time in the global smartphone market.…
Apple WWDC event is coming, and here’s what we can expect
Apple’s much celebrated Worldwide Developers Conference (WWDC) is taking place at McEnery Convention Center in San Jose, starting June 4.…
American Eagle earnings top estimates on record revenues
Record high revenues and robust comparable store sales pushed up earnings of apparel retailer American Eagle Outfitters (AEO) in the…
Alibaba’s Ele.Me to deliver food using drones in China
Food delivery drones are ready to take off in China. The largest online food delivery platform Ele.me, backed by e-commerce…
Retail Crisis: Sears plans to close a staggering number of stores
It’s no secret that the iconic American brand Sears Holdings (SHLD) is struggling to survive in an era that is…