New Market: Cramer's 'Mad Money' Recap (Thursday 5/28/20)
Jim Cramer says there are good reasons for this reopening rally, and support from the Fed and Treasury. But job losses are a worry.
Aramark Stock Hits 52-Week High on Activist Deal for New CEO and Board Members
Activist Mantle Ridge succeeds in pushing company to name new CEO and a revamped board.
GM Contract Deadline Expires with No Deal, Autoworkers May Still Strike
General Motors and the United Autoworkers failed to reach a contract deal before midnight, which could send as many as 46,000 hourly workers to the picket lines following a 10 a.m. meeting on Sunday.
Gap Stock Slumps On Wider Q1 Loss, Grim Profit Outlook As Shoppers Shun Casual Apparel
"Supply chain challenges and persistent delays significantly limited the brand's responsive abilities" to changing consumer trends, CEO Sonia Syngal told investors Thursday.
Big Lots Stock Crumbles After Surprise Q1 Loss As Inflation, Gas Price Surge Bites Spending
"We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation," said CEO Bruce Thorn.
Costco Beats Q3 Sales Forecast, Membership Revenues Near $1 Billion
Costco took in $984 million in new membership fee in its fiscal third quarter, helping the bulk retailer top Street forecasts for topline revenues.