Wall Street

NEWS

Target Earnings Fall as Consumers Retreat from Grocery and Home Goods Shopping

Target experienced a decline in year-on-year sales and missed earnings projections due to increased prices, leading to reduced purchases of discretionary products and groceries. CEO Brian Cornell noted a decrease in non-essential purchases. Despite maintaining its full-year forecast, Target saw an 8% drop in premarket shares following its quarterly report, which showed earnings per share of $2.03, below the anticipated $2.06. Target faces stiff competition from retailers like Walmart, impacting its sales strategies.
NEWS

Coca Cola Forecast Reveals Stalwart Growth Despite Pandemic Challenges

Coca-Cola has outperformed expectations in its Q1 2024 financial results, reporting an adjusted EPS of 72 cents, exceeding the projected 70 cents. Total revenue for the quarter reached $11.30 billion, surpassing the anticipated $11.01 billion. Despite challenges such as declining fast-food spending, the company remains optimistic, forecasting organic revenue growth of 6-7% for 2024. Coca-Cola's shares have decreased by 3.5% over the previous year, with a market value of $267 billion, but the better-than-expected results indicate the brand's resilience.
boeing
NEWS

What Challenges Await for Boeing following Another Door Plug Mishap

Boeing's upcoming quarterly report is highly anticipated following the mid-air accident involving a 737 Max 9 aircraft. Analysts expect Boeing to report its seventh consecutive quarterly loss, estimating an adjusted loss per share of $1.76 with revenues around $16.23 billion. The accident has led to additional federal oversight, a production reduction, and a production bottleneck, particularly affecting the 737 Max planes. Outgoing CEO Dave Calhoun faces challenges in stabilizing production and appointing a successor, raising questions about the company's future strategy and potential costs.
NEWS

Amid inflation concerns, McDonald’s Q4 was helped by higher menu prices.

McDonald’s exceeded Wall Street expectations for quarterly earnings on Tuesday because to higher menu pricing, but it also issued a warning that 2023 will still see short-term inflationary headwinds. The burger chain’s stock dropped 2.3% to $264.55 after rising nearly 6% during the previous 12

Patagonia Vests Are Wall Street’s Latest Fashion Trend
STYLE

Patagonia Vests Are Wall Street’s Latest Fashion Trend

When it comes to fashion, we talk about it in different ways. From styling to trends, fashion is essential to our everyday life as we decide what to wear, how, and where to wear it. Although certain trends come and go, others stay for a

ENTERTAIN

Archegos Capital, A Greek Tragedy

On March 26, 2021, the financial world awoke to the news that rattled some of Wall Street’s biggest players. To the outside world, and at the center of it all were some unfamiliar and obscure names—Archegos Capital and its Founder Bill Hwang. The word on

ENTERTAIN

Theranos: A Bloody Mess

Theranos’s groundbreaking proprietary technology promised to revolutionize healthcare with just a drop of blood from a finger prick. The company, led by its founder Elizabeth Holmes, would raise over $900 million and become a darling in the tech community. That is until a Wall Street

ENTERTAIN

GameStop: The Big Short…Squeeze

 In January 2021, the world watched as Reddit traders faced off with Wall Street elites in a trading mania over GameStop shares. Matei Psatta, one of the traders of subreddit WallStreetBets, joins us this week to comment on what this means and why the financial

FAMILY

If You’re An Entrepreneur, Watch These 10 Classic Films

Whether you’re looking for some theatrical inspiration to keep yourself motivated during quarantine, get your entrepreneurial venture off the ground, or just need something to kickstart your creativity, then these classic films are for you. The movies below tell harrowing stories of humanity, highlighting the