Banks are spending big on mailers and generous rewards to lure cardholders and get them borrowing again.Today we continue our two-part dive into share repurchase programs, trying to answer an important question for financial analysts.Intuit, Workday, Applied Materials, Ross Stores and Palo Alto Networks will give updates after the close.Bath & Body Works reported lower earnings and sales in its first quarterly results as a stand-alone business, but said it expects to record higher fourth-quarter earnings than a year earlier.Workers at farm and construction machinery company Deere ratified a new six-year contract Wednesday, ending a strike that lasted over a month.
BJ’s Wholesale Club posted stronger-than-expected earnings for its third quarter and said its board has approved a share buyback program of up to $500 million.Macy’s said it would evaluate a potential separation of its e-commerce business from its bricks-and-mortar operation, a move that comes amid pressure from an activist investor to spin off the fast-growing segment of the department-store giant’s operation.Department store retailer Kohl’s reported third-quarter record earnings that beat expectations.Alibaba said its profit fell for the recent quarter due to losses arising from changes in prices for its equity investments in publicly traded companies. JD.com posted a net loss but with higher revenue. Chinese e-commerce giants Alibaba and JD.com were charting separate courses premarket after their earnings reports.But heavyweight Tesla was still on the rise. Electric-vehicle startups Lucid Group and Rivian Automotive were slipping for a second day after a recent run-up in their stock prices.Cisco Systems gave a weaker-than-expected outlook for the second quarter.
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