corporate earnings
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Business
Costco members prioritize value with $1.50 hot dog deal on news of fee hike
Costco Wholesale shoppers have turned to the retailer’s deals – like its $1.50 hot dogs and $4.99 roasted chickens –…
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Business
GameStop prepares to shutter even more stores after disappointing second quarter
Gamers look away! GameStop has announced that it will be closing even more brick-and-mortar locations in the coming year, after…
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Business
Constellation Brands slashes outlook on weak wine demand
Booze giant Constellation Brands on Tuesday warned it could be forced to write down the value of its assets by…
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Business
Smucker’s, Jif peanut butter owner slashes full-year outlook amid stubborn inflation
Jif peanut butter owner J.M. Smucker cut annual sales and profit forecasts on Wednesday, hurt by cost-conscious consumers switching to…
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Business
SEC probe of B. Riley widens as struggling firm’s stock drops more than 50% on profit warning
The feds have widened a probe of financial irregularities at B. Riley, sources told The Post — even as the…
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Business
News Corp beats revenue estimates as digital subscriptions grow
News Corp beat Wall Street estimates for fourth-quarter revenue on Thursday, boosted in part by digital subscription growth at its…
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Business
Paramount slashing thousands of jobs, writes down value of cable networks by $6B
Paramount Global wrote down the value of its cable networks by nearly $6 billion and announced it would cut 15% of jobs…
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Tech
Amazon shares plummet on weak revenue forecast
Amazon forecast current-quarter sales below estimates and said cautious retail consumers are seeking out cheaper options for purchases, sending shares down 5%. The after…
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Business
Apple’s iPhone sales better than expected as demand picks up ahead of AI launch
Apple on Thursday reported a return to sales growth in its fiscal third quarter as iPhone revenue topped Wall Street targets,…
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Tech
Facebook parent Meta delivers strong quarter, sending shares soaring
Meta Platforms beat Wall Street estimates for second-quarter revenue on Wednesday and issued a rosy sales forecast for the September quarter,…
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