Macy's plans to hire seasonal staff for the upcoming holiday season matching previous years. China extended tax incentives for electric vehicle purchases. LAVA Therapeutics soared after signing a licensing pact.
Accenture said quarterly revenues increased 15%. Darden Restaurants same store sales increased 4.2%. FactSet quarterly net rose 3.3%. Steelcase said it plans to trim staff and cut costs.
Germany nationalized Uniper SE. Vallourec signed a 10-year supply deal with Saudi-based Aramco. Schneider Electric offered to acquire minority stock holders in Aveva Group.
Adobe agreed to acquired multi-user design software firm Figma for $20 billion. FedEx withdrew its fiscal year 2023 earnings outlook after weak first quarter revenues and earnings.
Core & Main lifted its annual outlook. Rent the Runway announced a restructuring plan. Corteva expanded its share repurchase plan. Starbucks plans to accelerate its growth plan in China.
Kroger second quarter same store sales rose nearly 6%. Casey's General same store sales were ahead of expectations. RH Inc estimated higher third quarter sales decline. Docusign second quarter loss expanded.
Peloton reported equipment sales plunged but subscription revenues rose. Dollar Tree tightened its annual sales outlook as consumers stick to basic items. Autodesk sales and earnings rose on robust demand for its software.
McDonald's expanded its board. Signify attracts interest from two new suitors. AMC preferred units trade higher on the first day of trading. Bed Bath & Beyond plunges for the second day in a row.
Target second quarter earnings plunged after the retailer focused on clearing excess inventories. TJX earnings fell after same store sales declined. Compass Inc reported a sharp jump in quarterly loss. Krispy Kreme fell on weak annual outlook.
Walmart reiterated its outlook for the second-half of 2022. Home Depot customer transactions fell but average ticket size rose in the second quarter. Bed Bath & Beyond soars after several trading halts. Berkshire increased its stake in Ally Financial.
Illumina lowered its annual revenue growth outlook and forecasted a loss. LegalZoom Net loss shrank. Mister Card Wash lowered annual revenue growth and comparable sales outlook. Olo said quarterly loss expanded.
Norwegian Cruise said bookings are not expected to reach 2019 levels till the next year. Signet Jewelers lowered its revenue and adjusted earnings annual outlook. Allbirds plunged after the shoe retailer lowered its full-year revenue outlook.
Alibaba.com Group said China commerce business improved in May and June after lockdown conditions eased. Ceridian posted narrowed a quarterly loss. Shake Shack swung to a quarterly loss. Burger King's parent said quarterly income fell.
Royal Caribbean priced its upsized convertible notes offering. Pinterest surged on activist investor stake. Uber said it to turned to cash flow positive. ZoomInfo revised higher its full-year sales guidance.
Exxon Mobil and Chevron reported multi-fold increase in earnings on the back of oil price surge. Intel revenues plunged and swung to a quarterly loss. Price increases drive Procter & Gamble's revenue growth.
