FedEx moves to cut costs, withdraws 2023 guidance after first-quarter shipments disappoint

FedEx on Thursday withdrew its full-year guidance and announced significant cost-cutting measures following what it called…

GameStop reports wider loss, announces partnership with crypto exchange FTX

SAN RAFAEL, CALIFORNIA – DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in…

Nio reports wider second-quarter loss despite increase in EV shipments

Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on…

Best Buy’s quarterly sales drop, as inflation-weary consumers pull back on spending

Televisions are seen for sale at a Best Buy store in New York City. Andrew Kelly…

Gap withdraws 2022 financial outlook as Old Navy sales fall in second quarter

A GAP employee works in a San Francisco store. Getty Images Gap Inc. on Thursday withdrew…

Here’s how Peloton CEO Barry McCarthy’s turnaround plan is going

A Peloton show room displays bikes and treadmills on January 20, 2022 in Coral Gables, Florida.…

Peloton reports big loss, decline in revenue as the company grinds through its turnaround plan

A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe…

Macy’s cuts full-year forecast despite strong quarter, fearing shoppers will pull back on spending

Macy’s Herald Square Flagship Department Store in Midtown Manhattan New York. Nicolas Economou | NurPhoto |…

Zoom pares back annual forecast as revenue growth slows to single digits

Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., speaks during the BoxWorks…

Target will report earnings before the bell. Here’s what to expect

A sign outside of a Target department store on June 07, 2022 in Miami, Florida. Target…