Wall Street

Walmart wants to go viral with TikTok, Wall Street thinks it can

Walmart wants to go viral with TikTok, Wall Street thinks it can

  • The retailer revealed plans to join Microsoft Corp in a bid for the social media firm's US assets.
  • Connecting with a younger audience is vital to Walmart's long-term outlook, especially as more digitally native generations move into their prime consumption years.
Published 28 Aug, 2020 08:13pm
Wall Street slips as jobless claims climb back to 1 million
Markets

Wall Street slips as jobless claims climb back to 1 million

  • Weekly jobless claims back over 1 million.
  • Nvidia dips as data center business results disappoint.
  • L Brands rises after posting a surprise profit.
  • Intel jumps after announcing $10-bln share buyback plan.
  • Indexes: Dow falls 0.28%, S&P down 0.11%, Nasdaq up 0.34%.
Published 20 Aug, 2020 07:23pm
Wall Street closes sharply lower on tech selloff
Markets

Wall Street closes sharply lower on tech selloff

  • The sell-off steepened after a tech watchdog group reported that Apple Inc faces consumer protection investigations in multiple states.
  • There has been a real disparity between growth and value and the narrowing has begun.
Published 24 Jul, 2020 01:31am
Demand for COVID-19 tests powers Abbott's forecast above estimate
Business & Finance

Demand for COVID-19 tests powers Abbott's forecast above estimate

  • The company forecast adjusted earnings of at least $3.25 per share for the year after suspending its outlook in April due to uncertainties over the outbreak.
  • Peer Quest Diagnostics Inc said earlier this week its second-quarter revenue would top analysts' estimates, largely due to growing demand for its COVID-19 tests.
Published 16 Jul, 2020 06:36pm