As it prepares to go public next week, Instacart shows that one secret to making money as a gig economy company is to become an advertising company.
Category: Company Reports
-
LVMH’s Bernard Arnault Is the King of Luxury, but Who Is Next to the Throne?
With brands like Tiffany, Dom Pérignon and Louis Vuitton, LVMH turned him into one of the world’s richest men. But with five children, he has a hard decision to make.
-
Investors Warily Await the Instacart and Arm I.P.O.s
The valuations for both companies have come in below expectations, reflecting a cautious outlook on Wall Street as firms start to go public again after a fallow patch.
-
China’s Biggest Homebuilder Fights to Survive as Economic Crisis Deepens
Once considered a survivor of China’s real estate turmoil, Country Garden is now at the center of the crisis and threatens the broader economy.
-
UBS Reports $29 Billion Profit, a Record
The huge gain stems from the bank’s acquisition of its rival Credit Suisse this spring for about $3.2 billion, a steep discount that is skewing its quarterly results.
-
U.S. Consumers Are Showing Signs of Stress, Retailers Say
Consumer spending remains resilient, but retailers’ latest earnings offered a glimpse into worrying shifts in shopping habits.
-
Arm, the Chip Designer, Files for an I.P.O. Expected to Be Among the Largest
The I.P.O. filing means Arm can begin to gauge investor interest, which will be critical to the share sale.
-
Walmart Records Strong Sales as It Draws More Shoppers
The retail giant raised its forecasts for revenue and profit this year, as it attracts consumers seeking cheaper groceries and other essentials.
-
Target’s Sales Hit by Pride Month Merchandise Backlash
The retailer’s quarterly sales fell, in part because of boycotts over Pride-themed displays, and it cut its forecast for the full year.
-
Tapestry and Capri Announce a Luxury Mega Merger
The two fashion conglomerates, Tapestry and Capri Holdings, generate about $12 billion in combined revenue.
-
How Long Will Companies Keep Raising Prices on Consumer Goods?
As companies reported their latest quarterly earnings, their executives were frequently asked about their next moves on pricing.
-
For Disney, Streaming Losses and TV’s Decline Are a One-Two Punch
The company has lost more than $11 billion on streaming since 2019 and experienced a sharp decline in its traditional TV business for the second straight quarter.