Athletic-gear retailer Foot Locker said it had cut some corporate and support staff and has decided to wind down its Sidestep athletic fashion brand in Europe
Chuck Jaffe: ‘Don’t just sit there, do something.’ The stock market is telling you to make some hard decisions with your money now.
It’s never different this time — but right now sure feels like it is, writes Chuck Jaffe.
Market Extra: Gas prices jump to $3.50 a gallon in January, pose threat to Fed’s inflation fight
Gas prices at the pump are up an unusually high 9.2% in January after falling to a recent $3.096 a gallon low in December, according to Bespoke Investment Group.
The Wall Street Journal: Spotify recovers after second outage this month
Streaming service Spotify Technology SA experienced an outage for the second time this month, temporarily disrupting service for thousands of users.
: Hasbro plans to lay off 15% of workforce and warns of holiday-season loss
Hasbro Inc. late Thursday said it plans to lay off about 15% of its workforce and warned Wall Street to brace for a quarterly loss and a drop in revenue after a disappointing holiday season.
: Marqeta promotes Simon Khalaf from chief product officer to CEO
Marqeta Inc. Chief Product Officer Simon Khalaf will become the company’s next chief executive, taking over for founder Jason Gardner.
Earnings Results: Intel stock drops nearly 10% after earnings miss, execs predict quarterly loss as data-center market shrinks
Intel shares fell Thursday after the chip maker reported a big miss for the fourth quarter, forecast a loss for the current quarter, said the data-center market was shrinking.
Earnings Results: Visa rides a wave of spending to an earnings beat
Visa shares gained more than 1% in after-hours trading Thursday after the financial-technology powerhouse topped earnings and revenue expectations for its latest quarter.
Earnings Results: KLA Corp. stock sinks as outlook disappoints following drop in chip demand
KLA Corp. slid after-hours on Thursday after the semiconductor-equipment maker forecast third-quarter profit and sales that came in below expectations.
: What investors need to know about Pfizer’s latest downgrade
The company’s pipeline, though promising, is still too premature to make up for the looming drop in COVID-19 franchise revenue.