Text size An aerial view of the logo for Meta Platforms, the parent company for Facebook. Noah Berger / AFP via Getty Images The slowing economy is going to be a problem for the ad-driven internet stocks. That isn’t a big surprise, given that recessions always trigger cuts in ad spending. But as Wall Street … Read more
TJ Maxx’s parent TJX reported earnings that were above Wall Street expectations. Cindy Ord / Getty Images Text size Two of the three major off-price retailers posted quarterly earnings this week, with dramatically different results. That leaves Burlington Stores , which reports May 26. There are three key factors that could determine how Burlington’s stock … Read more
Text size Uber and Lyft face headwinds from driver supply and increasing gas prices. Timothy A. Clary / AFP via Getty Images We’re not in Kansas anymore. Shares of Uber Technologies (ticker: UBER ) and Lyft ( LYFT ) are tumbling after the ride-hailing companies both posted better-than-expected financial results. On Wednesday, Uber reported revenue … Read more