American Eagle warned investors on Wednesday that consumers are pulling back on spending and it’s seen a “slower start” to the year than it expected. “Entering 2025, the first quarter is off to a slower start than expected, reflecting less robust demand and colder weather,” CEO Jay Schottenstein said in a news release. “While we anticipate […]
NEW YORK, March 12 (Reuters) – Global stocks rose on Wednesday with U.S. Treasury yields as relief over cooler U.S. inflation in February was countered by uncertainty around U.S. President Donald Trump’s tariff policies and their potential impact on inflation and global growth. Oil prices settled higher after data on slower stockpile builds, while the […]
US markets seesawed Tuesday amid another tariff roller coaster ride. All three major indexes dropped after President Donald Trump doubled down early Tuesday on his threat to levy a new round of hefty tariffs on Canada. Yet by the afternoon, markets had pared some losses as officials from both the US and Canada said they […]
The chances that the U.S. will experience a recession in 2025 have increased because of the tariffs it has implemented, Alec Kersman, managing director and head of Asia-Pacific at Pimco, said at CNBC’s CONVERGE LIVE event in Singapore on Wednesday. There is a “maybe 35% probability” that the U.S. will enter a recession this year, Kersman told […]
Speaking at the SXSW conference in Austin on Monday, Bluesky CEO Jay Graber said the social network has been working on a framework for user consent over how they want their data to be used for generative AI. The demand for AI training data means the new social network has to think about its AI […]
Delta Air Lines slashed its first-quarter revenue and profit outlooks, citing weaker domestic demand, backing up growing concerns about lackluster sales in some corners of the travel industry. Delta expects revenue in the quarter ending March 31 to rise no more than 5% from last year, down from a forecast in January of 6% to […]
US stocks plunged on Monday as investors processed growing concerns about the health of the US economy after President Trump and his top economic officials acknowledged the possibility of a potential rough patch. The Dow Jones Industrial Average (^DJI) fell nearly 900 points, or over 2%, while the benchmark S&P 500 (^GSPC) dropped around 2.7% […]
Volatility has returned to the stock market. In particular, the tech-heavy Nasdaq Composite has suffered a rough start to the year. As of this writing, the index has dropped about 3.8% year to date and about 7.5% off its all-time high. That means the index is approaching a technical correction — a drawdown of 10% […]
Growing money supply usually bodes well for these companies to outperform. If you’ve invested in the stock market over the last couple of years, you may have benefited from an incredible bull run in the S&P 500 (^GSPC 0.55%). The index climbed over 66% from the market bottom in October 2022 through the end of February this year. […]
The S&P 500 regained some ground on Friday, but the index still posted its worst week in several months as the salvo of trade policy actions unnerved investors. The broad index rose 0.55% to 5,770.20, while the Nasdaq Compositegained 0.7% to 18,196.22. The Dow Jones Industrial Average added 222.64 points, or 0.52%, to end at […]
At the time of this writing, the Nasdaq Composite (^IXIC 0.70%) is down 9.4% from its 52-week high, while the S&P 500 (^GSPC 0.55%) is down 6%. While we are nowhere close to a full-blown market crash, the Nasdaq is close to correction territory, which is a drawdown of at least 10%. A crash is […]
Seven & i Holdings, the parent of 7-Eleven, said Thursday it will replace CEO Ryuichi Isaka with lead independent outside director Stephen Dacus, making a foreigner the top executive for the first time, according to domestic media. Dacus will take charge from Isaka on May 27, according to a company filing. Seven & i said that Isaka will […]
