Shares of Shopee-owner Sea surge 14% after stronger-than-expected revenue
Southeast Asian tech giant Sea's shares rebounded, but its e-commerce site could slow due to macro uncertainties.
Southeast Asian tech giant Sea's shares rebounded, but its e-commerce site could slow due to macro uncertainties.
The big-box retailer said it saw a healthy customer, but a shift to experience-based purchases, such as toys for birthday parties and luggage for trips.
The home improvement retailer's profit topped Wall Street estimates for the quarter, even as sales missed the mark.
Bath & Body Works cut its profit outlook for the year, in part due to expected increases in inflationary pressures.
Cisco has gone from growth to flat revenue, and now it's calling for a decline as it sees costs mounting from the war between Russia...
"Housing leads the business cycle, and housing is slowing," said NAHB Chairman Jerry Konter, a builder and developer.
Retail sales were expected to rise 1% in April, according to Dow Jones estimates.
California's state average for a gallon of gas hit a record above $6.
Fed Chair Jerome Powell said he will back interest rate increases until prices start falling back toward a healthy level.