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Xiaomi Announced Revenue Dive as Smartphone Demand Wavers

Xiaomi Corp.'s quarterly revenue declined by 10% as the company struggled to cope with a global slump in smartphone demand, as well as weaker consumer demand at large due to the inflation-induced rising cost of living. Mobile device sales took the biggest hit, plummeting by...

Best Buy Forecasts Better-Than-Expected Sales Ahead of Holiday Season

U.S. retail giant Best Buy announced on Tuesday that it has forecasted a smaller-than-expected drop in sales ahead of the busy holiday season. While the big box store previously forecasted an 11% drop in full-year comparable sales, it now estimates a 10% sales decline. The...

Walmart Shares Rise Following Better-Than-Expected Earnings Report

Walmart shares gained 5% in premarket trading on Tuesday after the retail giant forecast a smaller fall in profit than analysts expected. Despite recent price hikes amid the United States inflation struggles, Walmarts' discounts on clothing and electronics have assisted to attract U.S. shoppers...

Futures Decline Ahead of Retail Earnings Announcements

U.S. stock futures started the week lower as investors await the release of earnings from the retail sector. Futures on the S&P 500 fell by 0.3% while futures on the Dow Jones Industrial Average and Nasdaq Composite declined by 0.2% and 0.4% respectively. Such losses...

Costco Stocks Sold En Masse Ahead Of Quarterly Earnings Report

Costco's stock has been placed under mounting pressure as it attempts to remain stable at the 500 level. This comes as the retail giant is set to release its quarterly earnings report on Thursday. While the stock has been largely sold off by investors, Costco...

BeautyHealth To Double Size Of Business By 2025

BeautyHealth announced on Thursday its intention to double the size of its business by 2025. The company expects to do so primarily by tapping into the rising demand for its HydraFacial skin treatment devices. "BeautyHealth sits at this really exciting intersection of large and growing...