Restaurants increase convenience and give many people a place to unwind. Still, their demand can ebb and flow with the broader economy because consumers can always cook meals at home when times are tough, and the market seems to be baking in a downturn for the industry - over the past six months, it has pulled back by 6.6%. This performance was worse than the S&P 500’s 2.3% fall.
Cloud-based financial software provider nCino's stock tumbled more than 30% in premarket trading Wednesday, a day after the company reported a larger net loss than analysts had expected and issued a soft outlook.
News of the day for April 2, 2025
Circle, the company behind the USDC stablecoin, has filed for a U.S. initial public offering, becoming the the latest tech firm that is aiming to test the market as tariff uncertainty and worries about the economy’s health weigh on investors.
Wall Street's main indexes fell on Wednesday as investors worried about the potential impact of U.S. President Donald Trump's sweeping tariffs on the global economy, corporate earnings and inflation. Details of Trump's "Liberation Day" tariff plans were still being formulated and closely held ahead of a White House Rose Garden announcement ceremony scheduled for 4 p.m. ET (2000 GMT). Trump has said that his reciprocal tariffs aim to equalize the comparatively lower U.S. tariff rates with those imposed by other nations.
Looking for the best money market account interest rates available today? Here’s a look at where to find the highest rates and whether now is a good time to open a money market account.
The Australian dollar's surprising resilience in the face of the hit to market sentiment from U.S. tariffs is raising questions whether its long-standing role as a proxy for risk is ending. The breakdown in that correlation is slowing trade in the Aussie, hurting Australian investors in the U.S., and highlighting how U.S. President Donald Trump is rocking the pillars of financial markets. It is a consequence of an unusual turn in the U.S. dollar, which, says Bank of America currency strategist Oliver Levingston, has shot lower together with stocks for only the third time in 25 years.
(Bloomberg) -- Wall Street trading desks disagree on many things, but there’s one view they now seem to share: President Donald Trump’s looming tariff announcement will likely exacerbate the S&P 500 Index selloff, at least in the near term.Most Read from BloombergMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLondon Clears Final Hurdle for More High-Speed Trains to EuropeWhat Frank Lloyd Wright Learned From the DesertLocal Governments Vie for Fired Federal WorkersBan
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the leisure products industry, including Polaris (NYSE:PII) and its peers.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Mercury Systems (NASDAQ:MRCY) and the best and worst performers in the defense contractors industry.