: Costco stock drops 1% after May online sales fall nearly 8%
Costco Wholesale Corp. COST said late Thursday its May sales rose 1.2% to $18.45 billion, from $18.23 billion in May 2022. Comparable-store sales fell 0.3%,...
: Zendesk to carry out second round of layoffs
Zendesk Inc. plans to reduce its workforce by an additional 8% in a second wave of layoffs within the next year, the software-as-a-service company said...
: JetBlue, Frontier agree on divestiture at LaGuardia in connection with planned Spirit merger
JetBlue Airways Corp. JBLU and Frontier Group Holdings Inc. ULCC said late Thursday that they have reached an agreement in which JetBlue will divest all...
: Five Below tweaks full-year forecasts, and shares rally
Shares of Five Below Inc. FIVE rose 5.2% after hours on Thursday after the teen-and-tween-focused discount retailer raised the low end of its full-year revenue...
: Republic Bank plans cost cuts in retail banking division
Republic First Bancorp Inc. FRBK, the parent of regional Republic Bank, said late Thursday it will merge branches and take other steps to cut costs...
: Activist investor Trian shakes up top ranks: report
Activist investor Trian Fund Management has reshuffled the top management of yet another company — its own. Ed Garden, the firm’s co-founder and chief investment...
Earnings Results: PagerDuty’s stock dives 17% on tepid annual revenue guidance amid an uncertain economy
PagerDuty Inc.'s stock initially drooped more than 17% in extended trading Thursday after the cloud-computing company reported quarterly results that met analyst revenue estimates and...
Crypto: Crypto helps fund fentanyl trade, says Sen. Elizabeth Warren, calling for strict regulation
Senator Elizabeth Warren spoke at the Senate Banking Committee hearing on Wednesday about crypto's role in illegal drug trade.
: Goldman COO warns that bank expects 25% slump in trading revenue in second quarter: media reports
The chief operating officer of Goldman Sachs Group Inc. GS warned Thursday that the investment bank is expecting a 25% slump in trading revenue for...