) reported third quarter adjusted earnings of $0.28 per share, slightly better than the $0.27 analysts had expected. Revenue, however, fell short, $1.51 billion compared to the $1.54 billion that was expected. The company also cut its full-year sales guidance, citing weakness in its wholesale channel. Yahoo Finance Live breaks down the apparel company's results.
This Dividend Aristocrat can help you earn worry-free passive income each year. The post Buy 564 Shares of This Top Dividend Stock for $2,000/Year in Passive Income appeared first on The Motley Fool Canada.These two passive-income stocks may not offer the highest dividend yield but certainly offer strong long-term returns for your TFSA! The post TFSA Passive Income: 2 Stocks to Buy and Never Sell appeared first on The Motley Fool Canada.
Analysts are sticking to their bullish forecasts on the Canadian dollar for the coming year, maintaining that the currency is undervalued and could benefit from Canada's close economic ties with the United States, a Reuters poll found. The Canadian currency has tumbled in recent days against its safe-haven U.S. counterpart as a global spike in long-term borrowing costs spooked investors. On Wednesday, the loonie touched its weakest intraday level in six months at 1.3779 per U.S.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mortgage rates rise, Rivian stock slumps on plans to raise $1.5 billion: Yahoo Finance LiveThe average 30-year mortgage rate has risen to 7.49%, according to Freddie Mac. We’ll be discussing the rise in rates with Redfin CEO Glenn Kelman (RDFN) at 3:35 p.m. ET. Meanwhile, Rivian (RIVN) shares are being pummeled after the EV maker announced plans to raise $1.5 billion through a convertible note offering. Other trending tickers on Yahoo Finance include Coca-Cola (KO), BlackBerry (BB), and Lucid Group (LCID).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - John Stoltzfus, Oppenheimer Asset Management Managing Director and Chief Investment Strategist3:25 p.m. ET - Scott Devitt, Wedbush Securities Analyst3:35 p.m. ET - Glenn Kelman, Redfin CEO4:05 p.m. ET - Joseph Wang, Monetary Macro CIO4:20 p.m. ET - Karin Kimbroug, LinkedIn Chief Economist
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Amazon Prime day sales event to kick off holiday deals: ExpertAmazon's Prime Big Deal Days (AMZN) event will run on October 10 and 11. Adobe's Head of Digital Insights Vivek Pandya tells Yahoo Finance Live that the event will be one of the first big discounting events of the holiday shopping season. Pandya says that they are anticipating discounts will weaken after the event only to escalate, with discounts as much as 20 percent, starting November 1. The best deals will 'kick in' the weekend going into Thanksgiving week, Pandya says, with discounts as deep as 35 percent, only to weaken to about 16 percent for the rest of the season. Overall, Adobe Analytics predicts up to $221 billion in e-commerce sales driven by promotions like cyber week sales and 'Buy Now, Pay Later.' 'The holiday season is that time period where they're really looking to get their gift giving done,' Pandya tells Yahoo Finance, adding, 'and they're wanting to do it in a way where they can get maximum value and kind of manage costs.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Clorox warns cyberattack will dent Q1 earnings, salesThe Clorox Company (CLX) says a cyberattack that disrupted the company's operations in August will take a toll on its fiscal first quarter earnings and sales. The consumer products company expects sales to fall 23% to 28% from a year ago and an adjusted earnings loss of up to 40 cents per share. Yahoo Finance Live breaks down the announcement. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
KeyBanc downgrades Apple stock on slowing sales predictionsApple (AAPL) stock was hit with a downgrade to 'Sector Weight' by KeyBanc Capital Markets Analyst Brandon Nispel, citing potential sales slowdowns in the U.S. market. Yahoo Finance Live takes a closer look at Nispel's note on the iPhone maker, examining Apple's stock performance and growth potential ahead of the holiday season. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Oil demand: We are still in an oil bull market, analyst explainsOil demand remains high despite inflation and other economic pressures keeping consumers on tightened budgets. Claudio Galimberti, Rystad Energy SVP & Head of Americas Research, joins Yahoo Finance Live to share his oil demand predictions for 2024. 'We are still in that phase' of an oil bull market, Galimberti tells Yahoo Finance, making a callback to previous comments on the energy market's reaction to OPEC's production cuts. Galimberti predicts a 'very sizable' rate of oil demand heading into 2024, coinciding with forecasts for extended production cuts from Saudi Arabian producers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Uber adds 'Return a Package' feature to appRide-share company Uber (UBER) will not only be delivering passengers to their destinations but packages as well. The new 'Return a Package' function can book drivers to pick up and deliver packages or return orders to postal carriers, like FedEx (FDX) and UPS. Yahoo Finance Live reacts to the new service and the convenience it could offer customers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »