Source: Dreamstime | Author: DeltaStock
Reading time: 2 minutes
The largest U.S. department store chain offered anything but a comforting earnings performance, blaming record-high inflation for the subpar sales performance. The company’s shares slid shortly after the news, declining a total of 31% since the year began.
Source: Dreamstime | Author: DeltaStock
Reading time: 2 minutes
The shares of the U.S.-based alcohol producer and distributor rose to a nearly three-month high last Thursday morning on the wings of strong sales figures and heightened consumer demand for its beer brands.
Source: Dreamstime | Author: DeltaStock
Reading time: 2 minutes
The global automation company, mostly known for making robots and automated guided vehicles, posted a record-setting fiscal year as the effects of the pandemic start to gradually recede and businesses across the world once more have sufficient budgets to either semi-automate or fully automate their line of work.
Source: Dreamstime | Author: DeltaStock
Reading time: 2 minutes
Rivian Automotive – one of the latest EV makers to hit the market, has seen a rough fiscal 2021, marred by wider-than-expected losses, supply-chain issues and rising commodity costs. The disappointing news briefly sent its stock down 10% in after-hours trading last Thursday, with the price continuing to slump further at the time of writing this article.
Source: Dreamstime
Reading time: 2 minutes
The legendary company said it had spent a whopping $27 billion on share repurchases throughout 2021. Over the past year, Berkshire Hathaway’s shares have provided investors with a total return of 23.2%, outperforming the US500’s total return of 9.3%
Source: Dreamstime
Reading time: 2 minutes
The Russian internet and ride-hail giant’s revenue for the period grew 54% compared to last year, which allowed it to repurchase 645,191 Class A shares for a total of $50.1 million.