By Jaspreet Singh (Reuters) -GameStop reported a drop in sales and announced a more than $3 billion stock offer as it released its first-quarter report in advance, sending the shares of the video game retailer down sharply in volatile trading. The company was set to post results on June 11, but published it on Friday […]
By Jaspreet Singh (Reuters) -GameStop reported a drop in sales and announced a more than $3 billion stock offer as it released its first-quarter report in advance, sending the shares of the video game retailer down sharply in volatile trading. The company was set to post results on June 11, but published it on Friday […]
Lululemon (LULU) is set to report its first quarter results after the closing bell on Wednesday amid slowing sales growth and concerns about growing competition in the athleisure space. Analysts are worried the company, whose stock is one of the worst performers in the S&P 500 (^GSPC) this year, is losing customers to newer brands […]
REUTERS/ Daniel Munoz The stock market is headed for a 10% decline over the next quarter, Stifel analysts warned. That’s because “moderate stagflation” will take Fed rate cuts off the table, the firm said. Prices have remained stubbornly high while economic growth is slowing. The stock market is headed for a sell-off in the coming […]
A technical glitch on the New York Stock Exchange (NYSE) early Monday resulted in multiple incorrect stock prices and volatility halts. Yahoo Finance’s Ines Ferré reports:The glitch impacted several stocks, most notably a 99.9% drop in the price of Warren Buffett’s Berkshire Hathaway (BRK-A) A-shares. Berkshire Hathaway (BRK-B) B-shares, which trade at 1/1,500th the price […]
(Bloomberg) — US factory activity shrank in May at a faster pace as output came close to stagnating and a measure of orders fell by the most in nearly two years. Most Read from Bloomberg The Institute for Supply Management’s manufacturing gauge fell 0.5 point to 48.7, the weakest in three months, data out Monday […]
US stocks headed for more losses on Thursday as lingering concerns about higher-for-longer interest rates and a Salesforce (CRM) sell-off put a damper on investors’ spirits. The Dow Jones Industrial Average (^DJI) sank 0.7%, or nearly 300 points, after shedding over 400 to lead Wednesday’s stock market slide. The S&P 500 (^GSPC) fell 0.2%, while […]
US stocks headed for more losses on Thursday as lingering concerns about higher-for-longer interest rates and a Salesforce (CRM) sell-off put a damper on investors’ spirits. The Dow Jones Industrial Average (^DJI) sank 0.7%, or nearly 300 points, after shedding over 400 to lead Wednesday’s stock market slide. The S&P 500 (^GSPC) fell 0.2%, while […]
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(Bloomberg) — Shares in real estate project lender Bank OZK fell the most in four years after an analyst dealt the stock a double downgrade, citing concerns over a pair of its loans. Most Read from Bloomberg Citi analyst Benjamin Gerlinger downgraded his recommendation on Bank OZK to sell from buy while lowering his price […]
US stocks waded in the red on Wednesday, after a spike in Treasury yields unsettled investors already weighing whether recent data will shift the needle on interest rates. The benchmark S&P 500 (^GSPC) fell 0.7%, while the Dow Jones Industrial Average (^DJI) drifted about 0.9% lower, shedding nearly 350 points. The Nasdaq Composite (^IXIC) also […]
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