Small-ticket items shipped to the United States from China will no longer be exempt from tariffs starting on Friday, when a decision by President Trump to shutter a shipping loophole he calls a “scam” takes effect. The move is expected to send ripples through the economy as American consumers, who …
Wall Street fought through a pair of inflation reports and more tariff headlines to post a strong week of gains. On Valentine’s Day, the S & P 500 even flirted with a fresh all-time high before ending Friday’s session with a tiny loss. For the week, the S & P …
Here are Tuesday’s biggest calls on Wall Street: Stephens initiates Valvoline as overweight Stephens said the automotive retailer is well positioned. “We are initiating coverage on Valvoline Inc . With an Overweight rating and a $49 price target.” Evercore ISI adds a tactical outperform on Alphabet Evercore said it’s bullish …
After all of these years, after all of the rather incredible rallies and gains in the stock market from so many groups, the typical morning still starts with a bevy of negativity. That gloom lasts until near the close, where the market seems to say, “Oh well, maybe things aren’t …
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC. Stefani Reynolds | Afp | Getty Images Temu and Shein have exploded in the U.S. by going on an online marketing blitz …
Travelers wait to check in at the Southwest Airlines counter at Oakland International Airport in Oakland, California, Dec. 27, 2022. David Paul Morris | Bloomberg | Getty Images After Elliott Management revealed a $1.9 billion stake in Southwest Airlines in June, an initial rally in the stock quickly fizzled. Rather …
A customer walks through The Home Depot store on February 20, 2024 in Austin, Texas. Brandon Bell | Getty Images The state of the consumer in 2024 is already taking shape — even before the country’s major retailers begin to report first-quarter earnings, starting with Home Depot and Walmart next …
As investors say farewell to a week marked by a Federal Reserve meeting, surprise labor market data and the latest corporate earnings, they’re left trying to figure out what it all means for a stock market that’s still deciding where it wants to go. All three of the major market …
My top 10 things to watch Thursday, May 2 The S & P 500 and Nasdaq are higher Thursday, one day after they surrendered their post-Federal Reserve meeting gains and closed modestly lower. After leaving interest rates unchanged, Fed chief Jerome Powell essentially ruled out a hike as central bankers’ …
Canada Goose parkas hang on display at a store in Richmond Hill, Ontario. Chris So | Toronto Star | Getty Images Canada Goose said Tuesday that it will cut about 17% of its corporate workforce, following a string of other retailers that have laid off employees this year as consumers …