A legendary short-seller says speculation in markets is nearing historic extremes
The market looks like it's heading back the speculative mania seen during the pandemic-era boom, Jim Chanos said.
The market looks like it's heading back the speculative mania seen during the pandemic-era boom, Jim Chanos said.
SONAR market experts say Trump’s tariffs on Canada, China and Mexico might have spurred shippers to “pull forward” orders and rethink their supply chains. The post Tariffs loom over freight market, may shift supply chains, SONAR experts say appeared first on FreightWaves.
Coach and Kate Spade parent Tapestry posted record holiday-quarter sales, sending shares to an all-time high Thursday.
Canada Goose Holdings trimmed its annual profit forecast and missed market estimates for third-quarter revenue on Thursday due to choppy sales in China, a key market for luxury goods, sending its shares down 4% in morning trading. Weak consumer spending in China, which is grappling with youth unemployment and a property crisis, has been a major concern for the luxury goods industry and has slowed demand recovery in the region, significantly impacting brands such as Canada Goose. U.S. luxury retailer Estee Lauder, which bet on China, expanded a restructuring plan on Tuesday that involves up to 7,000 job cuts as the cosmetics giant grapples with persistent demand weakness, especially in Asia.
(Bloomberg) -- A type of risky debt that has taken US capital markets by storm in the past year is now emerging in bonds designed to unlock hundreds of billions in lending for the world’s poorest.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateTransportation Memos Favor Places With Higher Birth and Marriage RatesState Farm Seeks Emergency California Rate Hike After FiresNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneHow London’s Taxi Drivers N
Wall Street is drifting Thursday as gains for fashion brands and cigarette makers help offset drops for Ford Motor and Qualcomm following their latest profit reports. The S&P 500 was up 0.2% in early trading following healthy gains for stock markets across most of Europe and Asia. Tapestry, the company behind the Coach and Kate Spade brands, helped lead the market and jumped 18.6%.
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Reddit initiated, Cigna downgraded: Wall Street's top analyst calls
Shares of athletic apparel maker Under Armour rose in premarket trading Thursday after the company's third-quarter sales and adjusted profit topped estimates.
Global electronics components and solutions distributor Arrow Electronics (NYSE:ARW) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 7.2% year on year to $7.28 billion. On the other hand, next quarter’s revenue guidance of $6.28 billion was less impressive, coming in 3.3% below analysts’ estimates. Its non-GAAP profit of $2.97 per share was 11% above analysts’ consensus estimates.