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However, the long-term picture for the apparel maker that now goes by the corporate name AEO Inc. remains promising.
As retailers gear up for the holiday season, a record number of container ships trying to bring imported goods into the US are stuck off the coast of California, another casualty of ongoing disruptions to the global supply chain. Sixty-five vessels were waiting to dock at the ports of Los Angeles and Long Beach in the San Pedro Bay Sept. 16, according to the Marine Exchange of Southern California, a record high. Captain Kip Louttit of the Marine Exchange told Quartz that an unprecedented 23 of these ships are in a drift area—meaning there is no room for them to anchor in the water.
How are we going to find a way forward in today’s market environment? The general trend is upwards – the S&P 500 has gained 20% so far this year, and the NASDAQ is close behind at 19% – but market strategists at Goldman Sachs are predicting a pull back before the end of the year, and have scaled back their growth forecast for the S&P to from 6.2% to 5.7%. August’s weak jobs report and rising inflation prompted their shift. Looking at the headwinds, Goldman’s Ronnie Walker says, “The Delta varian
As the trading week wound down Friday, shares of hydrogen fuel cell company Plug Power (NASDAQ: PLUG) jumped up 4.3% through 1:40 p.m. EDT. You can probably thank J.P. Morgan for that. In a note this morning summing up its findings after recently meeting with Plug management, reports TheFly.com, J.P. Morgan analysts doubled down on their overweight rating on the stock.
(Bloomberg) -- The last time Americans were this turned off by the U.S. housing market, borrowing costs were over five times the current rate. The share of people who think now is a good time to buy a home fell in September to 29%, extending the plunge from March when the proportion was more than twice as high, data from the University of Michigan consumer sentiment survey showed Friday. It’s also the smallest chunk of respondents since 1982.Back then, the average for a 30-year fixed rate mortga
Evergrande, a Chinese property giant, faces defaul next week. So far, global investors have shrugged off the event, but they should be paying attention.
More than half of Americans (56%) started tipping more for restaurant food last year, according to a new Bank of America survey. Should you join them?
Let the Oracle of Omaha be your guide in today's tough market.
With the S&P 500 just below its 50-day , the market rally is at a turning point. What should investors do now?
Yahoo Finance’s Anjalee Khemlani reports the FDA advisory panels' second vote regarding Covid-19 boosters.
(Reuters) -Treasury Secretary Janet Yellen says failure to raise the U.S. debt limit could lead to the unthinkable: a default on government payment obligations. If the impasse in Congress over the $28.5 trillion debt limit isn't resolved before an October deadline, what would the Federal Reserve - the backstop for U.S. financial markets as the lender of last resort - be prepared to do? As it turns out, Fed Chair Jerome Powell may already have something of a game plan.
One caller during Wednesday's "Lightning Round" segment of Mad Money asked Jim Cramer about NIO Inc. : "Pass, pass, hard pass. I'm not fooling around anymore," was his answer. We reviewed the charts of NIO back on July 9 when Cramer was also quizzed about NIO on Mad Money.
Some EV companies have confirmed that no revenue will be forthcoming for the rest of this year, raising questions about who will survive and thrive in the space.
In this article we will take a look at the some of notable stocks on the move today. You can skip our detailed analysis of these stocks and go to read Why These 5 Stocks Are On the Move on Friday It’s another red day on Wall Street with all three major indexes lower. As […]
Lucid Motors (LCID) shares rose 7% after a bullish Wall Street analyst note along with confirmation from the Environmental Protection Agency that the EV maker's premium tier car has a higher mile range than Tesla's model S (TSLA).
Surekha Gangakhedkar testified in the fraud trial of Theranos founder Elizabeth Holmes that she left the blood-testing startup because its flawed machines were being rushed out.
Ed Yardeni, Yardeni Research President and Chief Investment Strategist, talks the implications of China Evergrande's potential collapse.
Corvus Pharmaceuticals Inc (NASDAQ: CRVS) is surging higher Friday on abnormally high volume. The stock might be trading higher following favorable data results by AstraZeneca PLC (NASDAQ: AZN) for patients with unresectable, stage 3 non-small cell lung cancer. The average session volume over a 100-day period is about 300,000. Friday's session volume was approaching 120 million at publication time. AZN News: AstraZeneca announced that "the COAST Phase II trial showed oleclumab, an anti-CD73 mono
Zoom Video Communications Inc (NASDAQ: ZM) is trading higher Friday after the Institutional Shareholder Services recommended to vote against the company's proposed bid to acquire Five9 Inc (NASDAQ: FIVN). “The all-stock deal exposes Five9 shareholders to a more volatile stock whose growth prospects have become less compelling as society inches towards a post-pandemic environment," the Institutional Shareholder Services said. Zoom Video provides a communications platform that connects people thro
Investors are nervous about a Food and Drug Administration advisory panel meeting and optimistic about a World Health Organization decision.
Stocks fell on Friday as traders continued to digest a slew of mixed economic data and its implications for monetary policy. Jim Smigiel, Chief Investment Officer at SEI and Shannon Seery, Wells Fargo Economist joined Yahoo Finance Live to discuss.