During the holiday quarter, Macy’s reported a higher profit than was anticipated. The owner of a US department shop claimed that it is preparing for a more unpredictable year. Also, Macy’s wants to expand its luxury division and add more non-mall outlets. The business said it attracted holiday shoppers searching …
Read More »Japan’s Nikkei index closed higher as sentiment improved on Chinese data
Japanese stocks ended flat on Thursday after a disappointing investor day for Tesla Inc and fears of a tighter US central bank monetary policy outweighed the yen’s decline. The Nikkei index gave up gains made earlier in the session to end the transactions at 27,498.87 points, although it has been …
Read More »5 Factors That Will Make March a Month to Remember on Wall Street
Wall Street stocks closed February on a noticeably shaky note, raising concerns about the resilience of a rise that began in early 2023. The Dow Jones Industrial Average had a solid start to the year in January, but it declined by 4.2% in February, bringing the blue-chip index’s annual decline …
Read More »Japan’s Nikkei index closed higher as sentiment improved on Chinese data
Japan’s Nikkei index extended gains to close higher on Wednesday as sentiment improved after data showed manufacturing activity in China expanded in February at the fastest pace in more than a decade. The Nikkei index closed up 0.26 percent at 27,516.53 points, after falling as much as 0.5 percent earlier …
Read More »US stocks to incur losses in Feb. as rate concerns accelerate
The S&P 500 retreated and the main US indexes are expected to record monthly losses on Tuesday as Treasury yields surged while investors are focused on bets concerning upcoming interest rate decision which is seen high for longer. Bank of America Global Research warned the Fed could even hike interest …
Read More »Will Rivian prove ability to grow production, cut losses in 2023?
Rivian shares will be in focus after the bell as the electric adventure vehicle maker will report its Q4 financial results. The company’s new annual production target and its projected loss for 2023 are expected to be of particular interest for investorsFrom a deliveries standpoint, the company already reported that …
Read More »Target earnings beat sends shares 5% higher
Target delivered better-than-expected earnings for the fourth quarter but warned about a slowdown as consumers continue to focus on necessities. Shares are still trading about 5% higher in pre-market Tuesday. Target posted of $1.89 on revenue of $31.4 billion, beating the average analyst estimate for earnings of $1.40 per share on …
Read More »Japan’s Nikkei gave up most of its early gains and closed slightly higher
Japan’s Nikkei index gave up most of its early gains to close slightly higher on Tuesday, as investors sold strong-performing stocks to bargain hunters amid the absence of a clear catalyst. The Nikkei ended the day’s trading, up 0.08 percent, at 27,445.56 points, after rising 0.6 percent. The broader Topix …
Read More »Elon Musk is assembling a team to develop a competitor to ChatGPT
A report by The Information on Monday quoted people familiar with the matter as saying that Elon Musk has approached AI researchers in recent weeks about setting up a new research lab to develop an alternative to OpenAI’s ChatGPT. The report stated that Musk, the head of Tesla and Twitter, …
Read More »US stocks rally, but could face earnings pressure
American equities rose sharply on Monday as investors sought to recoup some of their losses following Wall Street’s worst week of the year. Investors anticipate another strong week for retail profits.33 points, or 0.1%, were added to the Dow Jones Industrial Average. The Nasdaq Composite increased by 0.6% and the …
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