The ‘Trump bump’ has effectively disappeared after tariffs spook Wall Street
Analysts warn the slumping markets could be a canary in the coal mine for broader economic concerns.
Analysts warn the slumping markets could be a canary in the coal mine for broader economic concerns.
Shares of footwear and apparel retailer Foot Locker (NYSE:FL) jumped 10.3% in the morning session after the company put up a decent fourth-quarter 2024 result, beating expectations on earnings and gross margins. But sales took a hit, and the outlook for the full year came in a bit light. Revenue was down about 6%, though part of that was tied to a calendar shift, as the previous year had an extra week. On the bright side, comparable sales grew. Moving to the bottom line, the company managed to k
(Bloomberg) -- Analysts at Citigroup are urging investors to buy US defense stocks, even as uncertainty over government plans for military spending clouds the outlook for the policy-sensitive group.Most Read from BloombergRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’Trump Administration Plans to Eliminate Dozens of Housing OfficesHow Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowRemembering the Landscape Architect Who Emb
Shares of cloud content storage and management platform Box (NYSE:BOX) fell 10% in the pre-market session after the company reported weak fourth quarter results: Revenue was just in line and operating profit came up short. Looking ahead, next quarter's revenue guidance missed by a wide margin, which wasn't exactly what investors wanted to hear. There's buzz around the company's AI investments, but the results and guidance indicated it might be too soon to see meaningful returns. Overall, this qu
Abercrombie & Fitch shares sank Wednesday after the apparel retailer's current-quarter profit and full-year sales forecasts disappointed investors.
CrowdStrike shares tumbled Wednesday after the cybersecurity company’s full-year outlook disappointed, but several analysts said they still see upside for the stock.
U.S. equities gave up early gains and fell at midday on continuing concerns about tariffs and a soft private sector jobs report.
The popular statue had become a symbol of workplace gender diversity.
(Bloomberg) -- US stocks are increasingly moving in tandem, raising the risks of further turbulence ahead as investors grapple with uncertainty over economic growth and the potential fallout from President Donald Trump’s trade policies.Most Read from BloombergRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’Trump Administration Plans to Eliminate Dozens of Housing OfficesHow Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowRemem
Shares of GM, Ford, and Stellantis gained Wednesday as the White House granted the automakers a one-month exemption from new tariffs on Canada and Mexico.