consumers

Ralph Lauren’s Profit Beat Forecasts

Ralph Lauren’s Profit Beat Forecasts

On Thursday, Ralph Lauren (NYSE: RL) reported quarterly revenue and profit that beat Wall Street predictions following sales of their high end clothing at full price as well as keeping a close eye on costs which brought shares up more than 5%. The c..

Amazon Introduces Amazon Key

Amazon Introduces Amazon Key

Amazon.com, Inc.’s (NASDAQ: AMZN) new system called Amazon Key will have the ability to drop off packages directly into shoppers’ homes where users can use a lock and camera controls to allow delivery associates to bring in goods in..

Wells Fargo shares fall 3% after Q3 earnings

Wells Fargo shares fall 3% after Q3 earnings

Wells Fargo & Co. (NYSE: WFC) reported its third quarter earnings for fiscal year 2017. The bank missed estimates for revenue, which, along with the massive consumer scandal expenses, sent shares down over 3 percent on Friday.The bank repor..

Wells Fargo Found Additional 1.4 Million Potentially Unauthorized Accounts

Wells Fargo Found Additional 1.4 Million Potentially Unauthorized Accounts

On Thursday, Wells Fargo & Co (NYSE: WFC), the third-largest U.S. bank, said that they found 1.4 million more unauthorized accounts than the bank originally estimated. Shares of the company was down 0.34% to $51.17 per share after the markets op..

JP Morgan to Cut $200 Million off Chase Sapphire Reserve Cards

JP Morgan to Cut $200 Million off Chase Sapphire Reserve Cards

JP Morgan Chase & Co. (NYSE: JPM) aims to cut costs of about $200 million in the unit that oversees the Sapphire Reserve credit card due to high demand and the card’s generous rewards.Consumers are willing to pay the $450 annual fee for a ..

E-Commerce TaoBao Bidding on Debt

E-Commerce TaoBao Bidding on Debt

China’s biggest e-commerce platform TaoBao is used by millions of Chinese consumers to purchase a range of everything from food to electronics and markets more than 1 billion yuan of assets a day. Owned by e-retailing giant Alibaba Group Holdi..

Nintendo is Gaining Market Share in Game Consoles Market

Nintendo is Gaining Market Share in Game Consoles Market

Nintendo Co., Ltd. (OTC: NTDOY) shares have increased more than 55 percent this year, thanks to the robust sales of its new home video game console Switch.The Japanese consumer electronics and video game company has sold 2.74 million of Switch ..