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Foot Locker Posts Q1 2023 Results, Sees Stock Sink 25% on Sales Drop

Sportswear and footwear retail company Foot Locker took a beating in its Q1 2023 report after sustaining an 11% drawdown in revenue.  Foot Locker Retail Inc (NYSE: FL) plunged 25% following a big earnings miss in the Q1 2023 outing. For the first quarter of 2023, the sportswear and footwear retailer reported revenue of $1.93 billion versus the $1.99 billion analysts expected. In addition, the company realized earnings per share of 70 cents adjusted versus 81 cents expected. Following...

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CNBC’s Jim Cramer Tells Which Stocks to Buy after U.S.-China Trade Deal

The trade war between the U.S. and China has been ongoing for many months and has somehow wiggled its way into pretty much any conversation that involves the U.S. or China. Some other countries are sometimes dragged into the mix because some of the effects of the tensions have been felt by these countries even though they aren’t directly involved. However, there might be some respite soon and with it, the chance that a few stocks might be worth good money if things go right.CNBC’s Jim Cramer...

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U.S. Cyber Monday Sales Hit Record with $9.4 Billion

Consumers in the United States made it again. The record for Cyber Monday was hit and it amounted to $9.4 billion spent or 18.9% year-over-year growth, according to preliminary data by Adobe Analytics.However, most of the buyers didn’t wait until Monday to start shopping since retailers started sales earlier in the month, just after Thanksgiving and Black Friday. As we have already reported Black Friday online consumers spent $7.4 billion.Among the winners of this holiday season are Best Buy,...

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Booking Airbnb with Bitcoin is Now Possible

The value of cryptocurrencies is constantly fluctuating, but that doesn’t stop people and businesses from using them to conduct money transactions.Nowadays, you can use Bitcoin – the cryptocurrency that started everything – on Amazon, gambling venues such as the Sloto Cash online casino, and as of late – Airbnb as well.On November 11th, it was announced that Fold now supports payments to Airbnb, allowing people to book stays while enjoying some extra benefits.According to ads, Fold users will...

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Coca-Cola to Use Blockchain Technology Developed by SAP

The IT company that backs Coca-Cola’s bottle manufacturing supply chain processes is apparently getting into blockchain technology.Dubbed Coke One North America (CONA), the company claims its pilot project that they are evolving together with software provider SAP is going to be widened from two to 70 of the manufacturers who are delivering the 160,000 bottles to Coca-Cola shops daily.The company said on Tuesday that this blockchain project is focusing on improving distribution for all of the...

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