Cleveland-Cliffs is ruling out selling Stelco until the business improves production and 175 laid-off workers return to their jobs, an effort Chief Executive Lourenco Goncalves said hinges on Canadians buying the company’s steel products.
Excerpt from The Wall Street Journal. Original publication ↗
Source: The Wall Street Journal
Amazon shares fell as much as 9% in after-market trading Thursday after the tech giant reported third-quarter earnings below Wall Street analysts’ expectations. Earnings per share came in at $1.89 on a diluted basis, down from $1.95 in the year-ago quarter, while total revenue climbed 12% to $201.9 billion. The consensus forecast from analysts called […]
E-commerce giant posts disappointing sales and guidance despite booming cloud unit
Amazon saw slowed growth in its advertising revenue in the year’s third quarter, claiming its decision to host Prime Day for most larger countries in the year’s second quarter and a shift in foreign exchange rates contributed to a softer earnings report than Wall Street analysts expected. Past quarters for the advertising sector saw growth […]