Wednesday, 8 September 2021

Reuters Business: GameStop beats second-quarter revenue estimates as shoppers return to stores

GameStop beats second-quarter revenue estimates as shoppers return to stores

GameStop Corp , the videogame retailer at the center of this year's "meme stock" trading frenzy, beat analysts' estimates for quarterly revenue on Wednesday, as vaccinations encouraged people to return to its stores.

Wall Street ends lower, weighed down by Big Tech

Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy's recovery and on uncertainty about when the Federal Reserve may pull back its accommodative policies.

GameStop beats second-quarter revenue estimates as shoppers return to stores

GameStop Corp , the videogame retailer at the center of this year's "meme stock" trading frenzy, beat analysts' estimates for quarterly revenue on Wednesday, as vaccinations encouraged people to return to its stores.

Lululemon raises full-year forecast betting on strong athleisure demand

Lululemon Athletica Inc raised its full-year forecast on Wednesday, after beating revenue estimates on strong demand for its comfortable leggings and sports bras, sending the apparel maker's shares up 9%.

Wall Street ends lower, weighed down by Big Tech

Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy's recovery and on uncertainty about when the Federal Reserve may pull back its accommodative policies.

Tesla plans energy trading team as company expands battery projects

Electric vehicle maker Tesla Inc is looking to staff an energy trading team to support its battery and renewable power projects, according to Tesla's website and an employee post on the career site LinkedIn.com.

U.S. banking regulator proposes removal of updated fair lending regulations

The U.S. Office of the Comptroller of the Currency on Wednesday proposed rescinding recently updated fair lending rules, as the agency begins work on drafting a new, unified regulation with other bank watchdogs.

Leon Black says accuser, eyeing payday, made up Jeffrey Epstein claims

A woman suing former Apollo Global Management Inc Chief Executive Leon Black for sexual abuse and defamation made up "demonstrably false" new accusations linking him to the late sex offender Jeffrey Epstein, Black's lawyers said on Wednesday.

Amazon developing new point-of-sale system to attract small businesses - Insider

Amazon.com Inc is working on a new type of point-of-sale system that can be sold to third-party sellers, Insider reported on Wednesday.

NBC fetches $6.5 mln for Super Bowl ads, nearly sells out Beijing Olympics spots

Comcast-owned NBCUniversal has recently sold 30-second ads for Super Bowl LVI for a record $6.5 million, and has nearly sold out advertising slots for the upcoming Beijing Winter Olympics, a company executive said on Wednesday.

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