Canadian retail sales rise 0.6% in June, e-commerce jumps 9.9%
Canadian retail sales climbed 0.6% to C$74.3bn in June, with e-commerce surging 9.9% and representing 7.7% of total retail trade.
Ross Stores raises forecast after surge in Q2 sales and store openings
Ross Stores raised its full-year earnings forecast after reporting a 13% surge in second-quarter sales to $6.3 billion and announcing plans to open 115 new stores during the year.
A Lumentum VP Just Parted With $10 Million in Stock. Here’s What Long-Term Investors Should Know
Vincent Retort, vice president of global reliability and quality at Lumentum Holdings, sold 12,566 shares worth $10.7 million on August 19-20, primarily to satisfy tax withholding obligations from restricted stock vesting.
3 Things Nvidia Needs to Get Right This Week
Nvidia prepares to report fiscal second-quarter earnings after market close Wednesday, with analysts expecting 97% revenue growth to $92.1 billion amid questions about future guidance and market expectations.
T. Rowe Price to buy fixed income fund manager F/m Investments
T. Rowe Price agreed to acquire F/m Investments, a fixed income manager overseeing $19bn in assets as of late July, in a deal expected to close in early 2027.
Sweetgreen cuts full-year outlook as cyclospora fears weigh on sales
Sweetgreen cut its full-year outlook due to consumer fears surrounding a cyclospora outbreak, projecting same-store sales declines of 7% to 8% versus prior guidance of 2% to 4%, sending shares down over 15%.