On Thursday, a Texas official said the state's pension fund was exploring divesting from Unilever under a 2017 law banning investments in any company that boycotts Israel.
"For a few days there, nobody could buy a USB cable in the Bay Area because we went and bought them all to put them in the car."
Delta Air Lines has banned “north of 800” passengers for mask non-compliance. Additional passengers have been banned following Wednesday’s Capitol riots but executives wouldn’t say how many. Delta has also banned passengers who harassed Utah Senator Mitt Romney on a flight from Salt Lake City to Washington. Visit Business Insider’s […]
Best Buy posted $US11.85 billion in third-quarter revenue on Tuesday, beating analyst expectations. Online orders continued to surge, making up more than a third of all sales, amid another rise in coronavirus cases. Despite the results, Best Buy’s stock sank as much as 5% after executives declined to give a […]
Asos posted a record 329% increase in pretax profit to £142.1 million ($US184 million) in the year to August. This was mainly down to it cutting around £50 million ($US65 million) of costs. Sales of sportswear, skincare, and makeup also boomed during lockdown. But it said it was “cautious on […]
Bed Bath & Beyond is set to close 63 stores in 2020, according to USA Today. That swath of stores set to close this year are located in 29 states across the US. The retail chain also plans to shutter a total of 200 stores over the next two years. […]
Company executives are more scared now than they were in 2008, according to a study from the Fed that utilised machine learning to analyse hundreds of company earnings calls. The study found that actions consistent with financing concerns spiked dramatically in April as the coronavirus pandemic practically shut down economies […]
Elon Musk compared Tesla’s Autopilot AI to Google’s search engine technology during an earnings call with investors and analysts Wednesday. Musk explained the Autopilot’s new features help teach the AI to learn based on drivers’ decision making. Musk also said he expects the cars to be able to drive without […]
A new Goldman Sachs report detailed four key themes observed across second-quarter earnings calls. The report includes statements from 60 members of the S&P 500. Company executives frequently mentioned the US-China trade war, increased pressure against profits, slowing global economies, and recent interest rate cuts. Visit the Markets Insider homepage […]
Facebook Stories has accrued over 500 million daily active users, COO Sheryl Sandberg revealed during the company’s earnings call on Wednesday. Facebook launched Stories, which many viewed as a copy of Snapchat’s story function, two years ago. Mark Zuckerberg said that Instagram and WhatsApp also command more than 500 million […]
Facebook published its financials for the first three months of the year on Wednesday. During an earnings call with analysts, Mark Zuckerberg responded to a question about his plans to carve up Facebook in two – a public “townhall” and a more private, encrypted service. Zuckerberg said it would take […]
Elon Musk’s tweets about the Thai Cave rescue, his comments during a Tesla earnings call, and sleeping at the Tesla factory have all raised questions from investors and the public. Amidst Tesla’s Model 3 production, Musk continues to be an unconventional CEO. Business Insider’s senior Correspondent, Matthew DeBord, breaks down […]
Best Buy beat first-quarter estimates for both the top and bottom lines. Digital-sales growth slowed versus a year ago. Shares fall more than 5%. Watch Best Buy trade in real-time here. Best Buy is down more than 5% in pre-market trading Thursday after reporting first-quarter results that beat on both […]