Omni-channel fashion retailer Macy’s, Inc. (M), department store chain Kohl’s Corp. (KSS) and specialty apparel retailer The Children’s Place, Inc. (PLCE) reported on Thursday that net profit for the third quarter approximately halved from last year, primarily on lower margins and higher expenses, apart from a single-digit percentage drop in […]

The Wendy’s Co. (WEN) reported on Wednesday that profit for the third quarter increased 23 percent from last year, driven by higher operating profit and double-digit revenue growth. Adjusted earnings per share topped analysts’ estimates by a penny, while quarterly revenues missed their estimates. The company also maintained its adjusted […]

Howmet Aerospace Inc. (HWM) reported Monday that net income for the third quarter soared to $80 million or $0.19 per share from $27 million or $0.06 per share in the prior-year quarter. Excluding special items, adjusted earnings were $0.36 per share, compared to $0.27 per share in the year-ago quarter. […]

(Adds Outlook) Emerson Electric Co. (EMR) reported a profit for fourth quarter that decreased from last year and missed the Street estimates. The company’s bottom line totaled $670 million, or $1.11 per share. This compares with $740M, or $1.24 per share, in last year’s fourth quarter. Excluding items, Emerson Electric […]

After this week we’ll have a better understanding of whether we’re at the beginning of the end of the efforts by the major central banks to control raging inflation rates or at the end of the beginning. The Reserve Bank, Federal Reserve Board and Bank of England will all raise […]

To President Joe Biden’s credit, his policies didn’t cause many of the economic problems we face today. But they did make them worse. Even more troubling, his policies might reduce growth in the future and make the economy less equal and resilient. The president normally doesn’t have much impact on […]

Eurozone bank lending to businesses increased in September at the fastest pace since early 2009, data published by the European Central Bank showed on Wednesday. Loans to businesses grew at a pace of 8.9 percent annually, slightly faster than August’s 8.8 percent rise. This was the biggest increase since January […]

Shares of Credit Suisse Group AG were losing around 14 percent in the morning trading in Switzerland as well as 11 percent in pre-market activity on the NYSE, after the Swiss banking major reported Thursday a hefty loss in its third quarter, compared to prior year’s profit, mainly hurt by […]

Swiss banking giant UBS Group AG reported Tuesday lower profit in its third quarter with weakness in all segments. Looking ahead, the company said it remains disciplined on risk management and cost efficiency as it heads into the fourth quarter. UBS shares were gaining around 5 percent in the morning […]

Illinois started sending tax rebate checks to eligible residents last month. There are, however, reports that the bank is rejecting some of the Illinois tax rebate checks for no clear reasons. There were speculations that the checks were being rejected for lack of funds, but now we know the real […]