Fossil Group Stock Surges on Turnaround Plan With Layoffs, Store Closures
Fossil Group shares soared nearly 35% Thursday, a day after the watch and handbag retailer announced a turnaround plan including layoffs and store closures.
Adobe's Stock Plunged After Its Outlook Disappointed. Analysts Are Bullish on AI Growth.
Adobe shares tumbled Thursday after the company’s full-year forecast came in lower than expected, but analysts said they're still bullish on AI-driven growth.
Gold touches new record as latest Wall Street prediction sees prices reaching $3,500
Gold prices hit a new record as Wall Street strategists raced to increase their price targets on the asset.
US household wealth eked out record high in fourth quarter on stock gains
The net worth of households and non-profit groups rose about $200 billion to $169.4 trillion in the fourth quarter of last year, the U.S. central bank said in its quarterly U.S. financial accounts report, as a drop in the value of real estate trimmed gains from equities. Stock market holdings, the biggest component of household net worth, rose about $300 billion to $56 trillion in value, while household real estate, the second-biggest component, fell about $400 billion to $48.1 trillion. The S&P 1500 Composite index, which encompasses the vast majority of the U.S. stock market, gained 2.1% in the fourth quarter of 2024.
As Wall Street Gets Worried, Retail Crowd Keeps Buying US Stocks
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Generali, Deutsche Bank and Deliveroo: The company news moving the markets
Strong results from Italy’s Generali Group and British Deliveroo, as well as the declining profit of Hugo Boss, were shaping the European market landscape on Thursday.View on euronews
Mortgage rates barely budge despite a wild week for financial markets
Mortgage rates barely moved despite a volatile few days in the stock market. The average rate on a 30-year loan stood at 6.65%, according to Freddie Mac.
Chipotle, Shake Shack, and other fast-casual food stocks tank, but the sell-off may be overdone
The fast-casual restaurant industry is hanging in there amid rising recession fears.
Sunnova Stock Hits All-Time Low on Report Solar Firm May File for Bankruptcy
Sunnova Energy International reportedly is looking to restructure its debt, and that may include filing for bankruptcy protection.
Chinese stocks, emerging market debt see large inflows in February, says IIF
NEW YORK (Reuters) -Foreigners added nearly $16 billion to their emerging market portfolios in February, with investors loading up on Chinese stocks as well as debt across developing economies, a report from a finance trade group said on Thursday. Chinese stocks sucked in $11.2 billion, but selling elsewhere meant emerging market equity portfolios saw a net outflow of $2.1 billion last month. The picture was the reverse in fixed income, where Chinese bonds posted a $15.1 billion outflow even as emerging market debt elsewhere raked in $33.2 billion.