Company News for Mar 23, 2023

Zacks Equity Research

Thu, Mar 23, 2023, 9:31 AM1 min read

In this article:

Shares of NIKE, Inc. NKE fell 4.9% after the sports apparel giant warned of margin pressures despite reporting an earnings beat.
Shares of Ollie's Bargain Outlet Holdings, Inc. OLLI jumped 9.8% after it posted fourth-quarter fiscal 2022 earnings of 84 cents/share, which beat the Zacks Consensus Estimate of 80 cents.
Prologis, Inc.’s PLD shares slid 3.6% on the wider real estate slump.
Shares of Netflix, Inc. NFLX slumped 3.9% as consumer discretionaries tanked.

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‘Americans just work harder’ than Europeans, says CEO of Norway’s $1.6 trillion oil fund, because they have a higher ‘general level of ambition’
"We are not very ambitious. I should be careful about talking about work-life balance, but the Americans just work harder.”
Fortune•6h ago
Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
Fortune•1d ago
Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
Southwest Airlines will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing. Both Southwest and American Airlines reported first-quarter losses Thursday. Demand for travel remains strong, including among business flyers, but airlines are dealing with higher labor costs, and delays in getting new aircraft from Boeing are limiting their ability to add more flights.
Associated Press Finance•6h ago
Javier Milei Sparks Wild Rally That Makes Peso No. 1 in World
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Bloomberg•4h ago
$433 Billion Gone! One Stock Loses More Value Than Tesla
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the second-largest market value loss in the S&P 500.
Investor's Business Daily•1d ago
Southwest to Exit Four Airports as Boeing’s Problems Ripple Through Industry
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.
The Wall Street Journal•2h ago
The Vanguard 500 Index Fund Is Great, But Another Vanguard ETF Has Outperformed It the Past Decade
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Motley Fool•7h ago
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Bloomberg•42m ago
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Motley Fool•4h ago
China's Temu Takes Over 17% Of US Market Share, Cutting Jobs From American Amazon And Decimating Small Businesses
With rising inflation, American consumers are increasingly turning to the Chinese e-commerce platform Temu for their shopping needs. With its enticing tagline “Shop like a billionaire,” Temu has captured 17% of the U.S. market share, posing a challenge to traditional American retailers such as Amazon.com Inc., Dollar Tree Inc. and Five Below Inc. The rise highlights the lucrative and disruptive nature of startups. Owned and operated by PDD Holdings Inc. (NASDAQ:PDD), Temu offers a wide range of
Benzinga•20h ago

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Company News for Mar 23, 2023

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‘Americans just work harder’ than Europeans, says CEO of Norway’s $1.6 trillion oil fund, because they have a higher ‘general level of ambition’

Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000

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Javier Milei Sparks Wild Rally That Makes Peso No. 1 in World

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China's Temu Takes Over 17% Of US Market Share, Cutting Jobs From American Amazon And Decimating Small Businesses