Costco Wholesale got off to a strong start in its fiscal 2022 second quarter with double-digit net and comparable sales growth in December. For the five weeks ended Dec. 28, net sales rose 16.2% to $22.24 billion from $19.14 billion a year earlier, when sales grew 12.3%, Issaquah, Wash.-based Costco […]
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Pieter van der Does, chief executive officer of Adyen. Simon Dawson | Bloomberg | Getty Images Dutch payments processor Adyen reported a 51% jump in core earnings in the first half of 2021, topping expectations and sending its stock price sharply higher. The company said Wednesday that net revenue in […]
A Thai investor checks an electronic board showing stock prices. Amphol Thongmueangluang | SOPA Images| LightRocket | Getty Images Some 2021 Asia-Pacific IPOs have seen a sharp reversal in their fortunes since their strong market debuts. At the top of the list is Chinese short video company and Tiktok-rival Kuaishou, […]
Fears of a recession may be in the air. The Fed may be taking a more tolerant stand on inflation if only to ensure that it doesn’t trigger it off. And inflation may be driving up costs on a host of things including essentials like food. But guess what? There […]