Macy’s Shares Drop after Reporting Mixed Q1 2023 Earnings and Lowered Its Full-Year Outlook

Macy’s noted that Nike will return to its stores, starting from October this year. Macy’s Inc (NYSE: M), an American conglomerate holding company that engages in consumer goods, released its first-quarter earnings results on June 01. According to the announcement, Macy’s reported net sales of $4.98 billion during the first three months of the year … Read more

Nvidia Earnings Outlook for Current Quarter Induces AI Rally as Company Boosts Production

Nvidia recently increased its quarterly earnings guidance on the back of solid demand, also sparking a rally in AI stocks.  The latest earnings outlook of Nvidia Corporation (NASDAQ: NVDA) has triggered a substantial rally in artificial intelligence (AI) stocks. Early Thursday, the chip maker’s stock soared, pulling other AI-exposed companies higher on a better-than-expected sales forecast. Nvidia’s … Read more

IMF Predicts Positive Outlook for UK amid Broad Inflationary Worry

Per the IMF outlook, resilient demand in the context of declining energy prices can encourage a positive outlook for the UK economy in several ways. The International Monetary Fund (IMF) said it expects the United Kingdom to avoid a recession and maintain positive growth in 2023. According to a CNBC report, the IMF attributes this … Read more

Coca-Cola Releases Q1 2023 Results, Beats Estimates & Doubles Down on Yearly Outlook

According to its Q1 2023 report, beverage giant Coca-Cola realized revenue of $10.96 billion on higher product prices and increased demand. Coca-Cola (NYSE: KO) published a Q1 2023 earnings report that beat estimates, largely by benefitting from price increases and higher demand. For the first quarter of 2023, the beverage giant pulled in revenue of $10.96 billion adjusted. … Read more

Just Eat Increases Earnings Outlook for 2023 despite Plunge in Orders

Just Eat now expects Adjusted EBITDA to hit €275 million, increasing its earnings outlook by €50 million despite poor orders. Online food delivery company Just Eat is optimistic about its earnings outlook for 2023 regardless of a worrying reduction in the number of orders received. The company’s new outlook is interesting, especially since the … Read more