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Stocks
Deckers Outdoor scraps annual forecast on tariff worries, shares fall
May 22 (Reuters) - UGG boots maker Deckers Outdoor DECK.N said on Thursday it will not provide annual targets due to tariff-led macroeconomic uncertainty and forecast first-quarter net sales below estimates, sending its shares down 16% after the bell.President Donald Trump's trade policy has rat...Reuters
Thu, May 22
Other
GLP-1 diabetes drugs like Ozempic may modestly reduce cancer risks
By Nancy LapidMay 22 (Reuters) - Widely used GLP-1 drugs for type 2 diabetes such as Novo Nordisk's NOVOb.CO Ozempic may modestly reduce the risk of obesity-related cancers, especially colorectal cancer, according to data released on Thursday ahead of a major medical meeting. Among more than 85,...Reuters
Thu, May 22
Stocks
Advance Auto Parts Reiterates Fiscal 2025 Guidance
Advance Auto Parts (NYSE:AAP) reported its fiscal first-quarter 2025 earnings on May 22, with net sales of $2.6 billion representing a 7% decrease compared to the same period last year. Management completed a rapid store footprint optimization during the period, delivered a near-breakeven adjusted o...The Motley Fool
Thu, May 22
Stocks
Ross Stores withdraws annual forecasts due to tariff pressures
May 22 (Reuters) - Discount store operator Ross Stores ROST.O on Thursday withdrew its fiscal 2025 forecasts and said tariffs could take a toll on its profitability this year, sending its shares down 11% in extended trading. Macroeconomic uncertainty due to U.S. President Donald Trump's tariff p...Reuters
Thu, May 22
Other
Dillard's sues Wells Fargo for allegedly abandoning co-branded card relationship
By Jonathan StempelMay 22 (Reuters) - The department store chain Dillard's DDS.N sued Wells Fargo WFC.N on Thursday, saying the bank repeatedly breached a since-abandoned co-branded credit card relationship, causing tens of millions of dollars in losses.In a heavily redacted complaint filed in M...Reuters
Thu, May 22
Cryptocurrencies
White House denies secret deal to weaken dollar, defends strong greenback
The White House is pushing back hard on speculation that it’s working behind closed doors to drive down the dollar. Stephen Miran, who chairs the Council of Economic Advisers, made that clear during an interview on Bloomberg’s Big Take DC podcast. “We’re not secretly at work on any of this stuff. There’s nothing there,” Miran […]Cryptopolitan
Thu, May 22
Other
EXCLUSIVE-OnlyFans owner in talks to sell to investor group at about $8 billion value, sources say
Forest Road investor group in talks with OnlyFans ownerCompany also considers IPO, while fielding interests from other suitors, sources sayRevenue jumped from $375 million in 2020 to $6.6 billion in 2023By Echo Wang, Linda So and Milana VinnMay 22 (Reuters) - OnlyFans owner Fenix International Ltd i...Reuters
Thu, May 22
Stocks
Why Analog Devices Stock Fell by More Than 4% Today
Semiconductor company Analog Devices (NASDAQ: ADI) published its latest quarterly earnings report Thursday morning, but despite its estimates-beating performance, investors sold out of the stock.They left it with a more than 4% drop in share price on the day, on concerns that a lingering tariff war ...The Motley Fool
Thu, May 22
Stocks
Cavco Industries Inc reports results for the quarter ended March 31 - Earnings Summary
Cavco Industries Inc CVCO.OQ reported quarterly adjusted earnings of $5.40 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $4.03. The mean expectation of three analysts for the quarter was for earnings of $4.87 per share. Wall Str...Reuters
Thu, May 22
Stocks
Ross Stores Inc reports results for the quarter ended April 30 - Earnings Summary
Ross Stores Inc ROST.OQ reported quarterly adjusted earnings of $1.47 per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of $1.46. The mean expectation of eighteen analysts for the quarter was for earnings of $1.44 per share. Wall Stree...Reuters
Thu, May 22
Commodities
US farm agency to allow Iowa, Indiana to bar junk food and soda from food aid
By Leah Douglas WASHINGTON, May 22 (Reuters) - U.S. Agriculture Secretary Brooke Rollins said on Thursday that she had signed waivers from Iowa and Indiana that would allow the states to bar the purchase of some processed foods and sugary drinks with Supplemental Nutrition Assistance Program bene...Reuters
Thu, May 22
Stocks
ePlus inc reports results for the quarter ended March 31 - Earnings Summary
ePlus inc PLUS.OQ reported quarterly adjusted earnings of $1.11 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 93 cents. The mean expectation of two analysts for the quarter was for earnings of 87 cents per share. Wall Street exp...Reuters
Thu, May 22
Stocks
Deckers Outdoor Corp reports results for the quarter ended March 31 - Earnings Summary
Deckers Outdoor Corp DECK.N reported quarterly adjusted earnings of $1.00 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 83 cents. The mean expectation of twenty analysts for the quarter was for earnings of 60 cents per share. Wa...Reuters
Thu, May 22
Stocks
Autodesk Inc reports results for the quarter ended April 30 - Earnings Summary
Autodesk Inc ADSK.OQ reported quarterly adjusted earnings of $2.29 per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of $1.87. The mean expectation of twenty two analysts for the quarter was for earnings of $2.15 per share. Wall Street...Reuters
Thu, May 22
Stocks
Copart Inc reports results for the quarter ended April 30 - Earnings Summary
Copart Inc CPRT.OQ reported quarterly adjusted earnings of 42 cents per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 39 cents. The mean expectation of seven analysts for the quarter was for earnings of 42 cents per share. Wall Stre...Reuters
Thu, May 22
Stocks
StepStone Group Inc reports results for the quarter ended March 31 - Earnings Summary
StepStone Group Inc STEP.OQ reported quarterly adjusted earnings of 68 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of six analysts for the quarter was for earnings of 44 cents per share. Wa...Reuters
Thu, May 22
