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Top related persons:
Mario Anzuoni - 1 Bill Rhodes - 1 Nathan Gomes - 1 Shailesh - 1
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Temple City , California Bengaluru
Top related orgs:
REUTERS - 1 AutoZone Inc - 1 Advance - 1 O'Reilly Automotive - 1 Thomson - 1

Search resuls for: "AutoZone Inc"


6 mentions found


☆ AutoZone posts strong quarterly results on auto parts demand
  + stars: | 2023-09-19 | by ( ) www.reuters.com   time to read: +1 min
The entrance to an AutoZone store is pictured in Temple City, California December 10, 2013. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsSept 19 (Reuters) - Auto parts retailer AutoZone Inc (AZO.N) on Tuesday posted better-than-expected profit and revenue for the fourth quarter, boosted by demand for its do-it-yourself (DIY) automotive parts. AutoZone, which competes with Advance Auto Parts (AAP.N) and O'Reilly Automotive (ORLY.O), reported a nearly 2% jump in domestic same-store sales in the quarter ended Aug. 26. Quarterly net sales rose about 6.4% to $5.69 billion from a year earlier. Fourth-quarter net income rose to $864 million, or $46.46 per share, compared to $810 million, or $40.51 per share, a year ago.
Persons: Mario Anzuoni, Bill Rhodes, Nathan Gomes, Shailesh Organizations: REUTERS, AutoZone Inc, Advance, O'Reilly Automotive, Thomson Locations: Temple City , California, Bengaluru
☆ Minority directors reach milestone 20% of Russell 3000 board seats
  + stars: | 2023-02-21 | by ( Ross Kerber | ) www.reuters.com   time to read: +3 min
Still, most minority groups hold a smaller share of board seats than their share of the total U.S. population. Often the investors have found receptive audiences, but slow turnover on corporate boards has limited the pace of change, recruiters say. The biggest gain over the four-year period was for Black or African-American directors, who nearly doubled their share of board seats to 8.3% from 4.4% in 2019. They were most represented in the utility sector, with 12% of board seats, and least represented among information technology, energy and healthcare companies, each at 6%. Compared to Hispanics' total share of the U.S. population, their 3.6% share of board seats "isn't anywhere near where it's supposed to be," she said.
☆ Wall Street's top commentators are torn on what the Federal Reserve will do next. Here's what to know.
  + stars: | 2022-12-06 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +7 min
Traders are largely expecting policymakers to make a 50-basis-point rate hike, a smaller move than the previous four 75-basis-point increases. But next week's adjustment isn't what's top of mind for Wall Street's top Fed commentators — they're looking ahead to next year. To Bridgewater chief investment officer, Rebecca Patterson, the Fed would be justified in surprising markets by holding rates higher for longer. Sustained elevated rates are going to usher in dramatic changes to the economic landscape — and former Treasury Secretary Larry Summers agrees. The price cap on Russian oil is "immaterial" and won't make a significant difference on market pricing, according to Vanda Insights.
☆ Cramer's lightning round: I like Morgan Stanley over SoFi Technologies
  + stars: | 2022-11-29 | by ( Krystal Hur | ) www.cnbc.com   time to read: 1 min
Loading chart...Morgan Stanley : "That's the kind of stock that we like here. ... We are in real companies that make real things, return real capital and Morgan Stanley is one of those." Loading chart...Gartner Inc : "Gartner Inc is a very good, solid growth stock." Loading chart...SoFi Technologies Inc : "I think this thing is going to make money eventually, but let's just say that the first bank stock, Morgan Stanley, is a better thing to own." Cramer's Charitable Trust owns shares of Morgan Stanley.
☆ Wall Street slips on aggressive rate hike worries
  + stars: | 2022-09-19 | by ( Devik Jain Shreyashi Sanyal | Devik Jain | Shreyashi Sanyal | ) www.reuters.com   time to read: +4 min
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. Five of the 11 S&P 500 sectors were down in early trading. Unexpectedly hot August inflation data last week also raised bets on increased rate hikes down the road, with the terminal rate for U.S. fed funds now at 4.48%. The S&P 500 has lost 19% so far this year on worries of a central bank-induced recession amid recent warnings of slowing demand from delivery firm FedEx and an inverted U.S. Treasury yield curve. The CBOE volatility index (.VIX), also known as Wall Street's fear gauge, rose to 27 points, inching closer to a more than two-month high.
☆ Here's how economies around the world are reacting to China's economic slowdown.
  + stars: | 2022-09-19 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +5 min
China's growth slowdown is sending ripples across the world, though the repercussions are varied based on where you look. This morning, I'm breaking down what you want to know about how the world's second biggest economy moves the world's currency and commodity markets. Beijing is navigating a slew of headwinds, including COVID-19 lockdowns and issues across property and labor markets, according to Bank of America. Meanwhile, China's slowdown has less impact in Europe because the continent's focus remains on the energy crunch and Russia, analysts noted. US stock futures, cryptocurrencies, and oil prices fell early Monday, as investors brace for the Fed, Bank of Japan, and Bank of England's rate decisions this week.
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