Home Depot, Target, Lowes and TJ Maxx all beat expectations with their first quarter earnings and revenue reported on Wednesday. Target had their strongest gains in years. CBS News senior business and tech correspondent Jo Ling Kent has more. Source link
The Securities and Exchange Commission, the nation’s top regulator for publicly traded companies, issued a proposal Tuesday that would give companies the option to report their earnings and financials only twice per year. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Under current SEC rules, in place since … Read more
Earnings reports for Exxon Mobil and Chevron showed a decrease in profits during the last fiscal quarter due to Iran war disruptions. Despite the loss on paper, both U.S. oil giants topped Wall Street expectations when it came to revenue for the three month period ending March 31. CBS News business contributor Javier David has … Read more
Market watchers looking for clarity about the direction of Big Tech and the AI investment boom didn’t get much Wednesday afternoon amid a barrage of key earning reports. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Instead, four leading tech companies reported quarterly results that beat Wall Street’s … Read more
Four of the biggest tech companies reported earnings after the closing bell on Wednesday. Adam Levine, senior tech writer for Barron’s, joins CBS News to discuss. Source link