Discount retail company Ollie’s Bargain Outlet (NASDAQ:OLLI) fell short of the market’s revenue expectations in Q4 CY2024 as sales rose 2.8% year on year to $667.1 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $2.58 billion at the midpoint. Its non-GAAP profit of $1.19 per share was in line with analysts’ consensus estimates.
German media group Axel Springer is considering a sale of its affiliate marketing unit Awin, according to three people familiar with the matter, following the planned break-up its owners agreed last year. The group has in recent weeks invited banks to pitch for an advisory role to help sell Awin, which helps publishers promote advertisers’ products, two of the people said. A spokesperson for Axel Springer declined to comment.
Did Nvidia do enough to reawaken the bull narrative on the stock? Wall Street weighs in.
Lincoln Financial is teaming up with Bain Capital and Partners Group to launch two new funds aimed at everyday investors.
(Bloomberg) -- Samsung Electronics Co. pledged to strengthen its position in the high-bandwidth memory chip market this year, in response to shareholder criticism over its underperformance in the lucrative artificial intelligence arena.Most Read from BloombergNYC Plans for Flood Protection Without Federal FundsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleA Malibu Model for Residents on the Fire FrontlinesThe Scary Thing About the Wildfire That Was StoppedJun Young-hyun, head
(Bloomberg) -- Indonesia’s central bank kept its key interest rate unchanged for a second straight month, seeking to safeguard the rupiah after concerns about the economy’s outlook triggered a market selloff this week.Most Read from BloombergNYC Plans for Flood Protection Without Federal FundsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleA Malibu Model for Residents on the Fire FrontlinesThe Scary Thing About the Wildfire That Was StoppedBank Indonesia kept the BI-Rate at 5.75
Elon Musk’s DC power grab hasn’t been the Tesla booster investors were expecting.
(Bloomberg) -- Shares of small US companies, one of the riskiest areas of the stock market, are striking a worrisome note for a vital part of the country’s economy.Most Read from BloombergNYC Plans for Flood Protection Without Federal FundsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleA Malibu Model for Residents on the Fire FrontlinesThe Scary Thing About the Wildfire That Was StoppedThe Russell 2000 Index is solidly in correction territory, down 16% from its peak in 2021, wi
Healthcare companies such as GSK plc and tech companies such as Siemens AG were among the top losers on European markets on Wednesday morning.View on euronews
(Bloomberg) -- It wasn’t supposed to unfold this way. Just over a year ago, optimism about Indonesia was running high, with investors expecting Prabowo Subianto to extend former President Joko Widodo’s pro-business policies.Most Read from BloombergNYC Plans for Flood Protection Without Federal FundsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleA Malibu Model for Residents on the Fire FrontlinesThe Scary Thing About the Wildfire That Was StoppedInstead, they are now grappling w