Breaking News
Nov 22, 2022
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Nordstrom Q3 revenue eased 2.9% to $3.5 billion and swung to a net loss of $20 m from a profit of $64 m or 13 cents from 39 cents a year ago.
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HP Inc said the company plans to cut global staff between 4,000 and 6,000 over the next three years.
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HP Inc said fiscal Q4 revenue fell 11.2% to $14.8 billion and net income fell to breakeven from $3.1 billion or $2.71 per share a year ago.
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Autodesk Q3 revenue increased 14% to $1.2 billion and net income rose to $198 million from $137 million or 91 cents from 62 cents a year ago.
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China coronavirus infections rise above 24,000 for the second day in a row and several cities imposed stricter lockdowns.
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The People's Bank of China held its 1-year and 5-year loan rates for the third month in a row on the weakness in renminbi.
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Treasury bond yields rose after investors digested the latest comments from the Federal Reserve officials.
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Disney stock jumped 6% after the company announced Bob Iger will return as CEO, 11-months after he left the entertainment company.
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Oil and natural gas sector stocks led the decliners after crude oil prices dropped to the lowest level since early January.
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Coinbase Global plunged 10% on the growing skepticism about the cryptocurrency market after FTX filed bankruptcy protection.
Nov 21, 2022