Retailers’ Wage Increases to Attract Workers Aren’t Yet Denting Profits

Large retailers and other employers that hire hourly workers are continuing to lift wages, and so far have kept profits growing as well. On Monday, Target Corp. TGT 0.28% said it plans to spend up to $ 300 million more this year on workers, which includes increasing pay and other benefits. Starting hourly wages at … Read more

3M Stock Is Soaring. Thank you Johnson & Johnson.

3M stock is jumping Friday. The primary reason is not the broad market rally, although that helps. The best explanation for 3M’s rise comes from an odd source for an industrial conglomerate. Johnson & Johnson did it. 3M (ticker: 3M) stock is up about 4.6% in late trading Friday. Shares of J&J (ticker: JNJ) are … Read more

Barclays’ female bonus gap widens to 70% in sign banking is worst for women

The gender pay gap at Barclays widened in 2021, despite increasing the number of women in its senior ranks, as the UK lender increased bonuses for dealmakers and traders amid a surge in profit. Women at Barclays Bank Plc in the UK, which houses its corporate and investment bank, had an average pay gap of … Read more

Coinbase stock falls as crypto platform casts doubt on Q1 outlook

Coinbase Global Inc. stock fell nearly 6% in extended trading Thursday after the Silicon Valley crypto platform crushed Wall Street expectations for its fourth quarter but cast doubt on current-quarter dealings. Coinbase COIN, + 3.95% said it earned $ 840 million, or $ 3.32 a share, in the fourth quarter, compared to $ 177 million, … Read more

Nikola Reports a Smaller Loss Than Expected. Shares Are Rocketing.

Text size Nikola’s CEO said the company is “laser-focused” on delivering vehicles to customers and generating revenue. Courtesy Nikola Stock of the electric and hydrogen-electric truck maker Nikola is rising after the company reported a smaller-than-expected fourth-quarter loss Thursday morning. Earnings do not matter all that much for the trucking startup. Investors are focused on … Read more

FuboTV stock drops after earnings on mixed outlook

Shares of fuboTV Inc. were off 1% in after-hours trading Wednesday after the streaming company delivered revenue ahead of what it had been expecting when it delivered preliminary results a month earlier but also issued a mixed outlook. The company reported a fourth-quarter net loss of $ 112.0 million, or 76 cents a share, compared … Read more