Check out the companies making headlines before the bell: Best Buy – The electronics retailer earned an adjusted 82 cents per share for the first quarter, 8 cents a share above estimates, with revenue also exceeding forecasts. Best Buy reported a comparable store sales increase of 7.1 percent, well above the consensus Thomson Reuters forecast […]
Read moreBest Buy, the No.1 U.S. consumer electronics retailer, posted a forecast-beating jump in quarterly comparable sales and earnings on Thursday, but online sales growth decelerated and shares dipped in pre-market trading. Best Buy’s sales at established stores rose 7.1 percent in the first quarter ended May 5, handily beating analysts’ average expectation for a 2.9-percent […]
Read moreA start-up called Bowery Farming is putting an urban twist on agriculture, raising leafy greens and herbs in a high-tech warehouse a few miles outside of New York City, and celebrity chefs are starting to invest. Using a mix of software, cameras, lights and robotics, Bowery can control precisely how plants grow. CEO and co-founder […]
Read moreDomestic auto stocks rose Thursday after the U.S. Department of Commerce started an investigation into automobile imports. The government is looking into whether the imports “threaten to impair the national security” of the United States. It will be carried out under Section 232 of the Trade Expansion Act of 1962, the agency said in a […]
Read moreShares in Samsonite fell to a 9-month low on Thursday after a short seller issued a report saying the world’s largest luggage maker had questionable accounting practices and poor corporate governance. Blue Orca Capital said the owner of the Tumi brand had concealed slowing growth through debt-fuelled acquisitions and had used accounting methods to massage […]
Read moreHousing stocks, among the top performers of 2017, are biting the dust. Homebuilders as a group, measured by the U.S. home construction ETF ITB, has sunk over 12 percent this year; that places the group on pace for its worst year since 2008, when it lost 44 percent, and its first negative year since 2011. […]
Read moreProsecutors investigating the downing of Malaysia Airlines Flight 17 over eastern Ukraine in 2014 said on Thursday they had identified the missile used to shoot down the plane as coming from a Russian military unit. The airliner was hit by a Russian-made missile on July 17, 2014, with 298 people on board, two-thirds of them […]
Read moreFacebook users will soon see a notice on their accounts asking them to review their privacy settings, as the company prepares for the rollout of new data protection rules in Europe. The alert, which starts appearing this week, asks users across the globe to reassess their preferences for the types of personal data Facebook can […]
Read moreThe SUV slowly approaches an apartment complex in a quiet residential section of Miami Beach, Florida. On the second floor balcony, a group is gathered. Code Compliance Officer Vijma Maharaj approaches, her body camera recording, and tells them she has bad news. The apartment they rented on Airbnb is illegal. While tourist-dense South Beach, where […]
Read moreNorth Korea has carried out what it says is the demolition of its nuclear test site in the presence of foreign journalists. The demolition happened Thursday at the site deep in the mountains of the North’s sparsely populated northeast. The planned closing was previously announced by leader Kim Jong Un ahead of his planned summit […]
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