Kohl’s names interim CEO Tom Kingsbury to the post permanently

The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s on Thursday named interim CEO Tom Kingsbury to the post on a permanent basis. He took over as interim CEO in December after former chief executive Michelle Gass decided to leave for Levi Strauss. Kingsbury’s appointment had been expected. The company also said activist investor Macellum Advisors agreed to back off its pressure campaign. “The Board appreciates our constructive dialogue with Macellum during the…

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Stocks making the biggest moves midday: Chevron, Tesla, Seagate Technology, United Rentals and more

Check out the companies making headlines in midday trading. Seagate Technology — Shares of the data storage company surged more than 10% a day after Seagate posted beats on the top and bottom line for its fiscal second quarter. Seagate reported earnings of 16 cents per share on revenue of $1.89 billion. Analysts called for earnings of 10 cents per share on $1.83 billion in revenue, according to Refinitiv. Chevron – Shares of the energy giant popped 4% a day after the company announced a $75 billion buyback and said…

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Stocks making the biggest moves premarket: Southwest, Tesla, Las Vegas Sands and more

A Southwest Airlines Co. Boeing 737 passenger jet pushes back from a gate at Midway International Airport (MDW) in Chicago, Illinois. Luke Sharrett | Bloomberg | Getty Images Check out the companies making the biggest moves premarket: Southwest — The airline dropped 2.1% after reporting a $220 million loss for the fourth quarter after the holiday meltdown cost the company millions in expenses and drove up expenses. Comcast — The media company reported fourth-quarter earnings that beat Wall Street’s expectations, with earnings per share coming in at 82 cents, adjusted,…

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5 things to know before the stock market opens Thursday

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 25, 2023.  Andrew Kelly | Reuters Here are the most important news items that investors need to start their trading day: 1. The earnings march goes on We’re deeper into earnings season, so investors are getting more and more data to chew over every day. Tesla, IBM and Levi Strauss headlined Wednesday’s after the bell earnings, while several more hit Thursday, including Comcast before the bell and Intel after the market…

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Stocks making the biggest moves after hours: Tesla, Chevron, ServiceNow, Levi Strauss, IBM and more

A customer refuels at a Chevron gas station with prices above $4 a gallon in Seattle, Washington, U.S., on Monday, March 7, 2022. David Ryder | Bloomberg | Getty Images Check out the companies making headlines after the bell. Tesla — Shares rose 0.4% in volatile trading after the electric-vehicle maker reported earnings and revenue for the fourth quarter that beat analyst expectations. However, Tesla’s gross margins came in at the lowest levels in the past five quarters. Chevron — Shares advanced 2.7% after the oil company announced a $75…

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Levi Strauss beats estimates, offers upbeat guidance for fiscal year

A pair of Levi’s selvedge denim jeans arranged in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Levi Strauss on Wednesday posted earnings and revenue that topped Wall Street’s expectations. Shares of the company rose in after-hours trading as the company also offered upbeat sales guidance for its new fiscal year. Here’s how Levi did in its fiscal fourth quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv: Earnings per share: 34 cents, adjusted, vs. 29 cents expected Revenue: $1.59 billion vs.…

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5 things to know before the stock market opens Wednesday

People walk past the New York Stock Exchange (NYSE) on Wall Street on July 12, 2022 in New York City. Angela Weiss | AFP | Getty Images Here are the most important news items that investors need to start their trading day: 1. A lot more earnings to go Markets have kept their heads above water so far this month, even as economic data point to a potential recession and corporate earnings have been mixed, at best. On the latter point, more than 70 companies listed on the S&P 500…

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5 things to know before the stock market opens Monday

Traders work on the floor of the New York Stock Exchange.  NYSE Here are the most important news items that investors need to start their trading day: 1. Hanging on The three major stock indices are still in positive territory this month despite last week’s choppy results. Stocks closed Friday on a high note, with the Nasdaq pulling out a gain for the week, even as the Dow and S&P 500 slid. Investors will parse through a big slate of earnings this week (more on this below) as they look…

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Stocks making the biggest moves premarket: United Airlines, Moderna, IBM and more

A United Airlines plane taxis at Newark International Airport, in Newark, New Jersey, on January 11 2023. Kena Betancur | AFP | Getty Images Check out the companies making headlines in premarket trading. United Airlines – Shares of United Airlines rose 3.5% after the company reported quarterly earnings that topped Wall Street’s estimates for the fourth quarter, signaling strong demand amid higher prices. United posted adjusted earnings per share of $2.46 on $12.4 billion in revenue. Analysts expected adjusted earnings per share of $2.10 and $12.2 billion in revenue, per…

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Levi Strauss CEO says company’s search for new leader got help from unlikely source

Levi Strauss & Co. CEO Chip Bergh speaks at the CNBC Evolve conference November 19th in Los Angeles. Jesse Grant | CNBC As Levi Strauss & Co. searched for its next leader, it got help from a surprising source. Levi CEO Chip Bergh said pressure from activist investors prompted Kohl’s CEO Michelle Gass to consider the job. On Tuesday, Levi announced that Gass will join the company in January as president and become chief executive within 18 months. “She’s been through the wars,” Bergh told CNBC. “It’s one of the…

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