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The hidden problems with victoria's secret's first quarter
Victoria's Secret is an industry leader in the lingerie space. The first quarter was a difficult one as people began to pull back on spending....
June 9, 2023, 10:07 am
G-iii, pvh, ralph lauren: promising charts even as revenue slows
The American consumer is giving mixed signals when it comes to apparel spending, but clothing companies G-III Apparel Group Ltd. NASDAQ: GIII, PVH Cor...
June 9, 2023, 8:51 am
Broadcom: downgrading to hold, growth slowdown despite ai hype
We're downgrading Broadcom Inc. stock to a hold after fiscal Q2 2023 earnings results, as we expect growth to moderate toward 1H24. While management c...
June 9, 2023, 8:00 am
Cost-cutting won't fix stitch fix's broken business model
Stitch Fix is drastically cutting costs as demand plunges. The customer count is dropping at a double-digit rate, and customers who remain are s...
June 9, 2023, 6:20 am
Binance.us stops usd services, asks users to withdraw fiats
Binance.US announced today the suspension of USD deposits and indirectly urged users to withdraw their fiat deposits from the platform. The banking pa...
June 9, 2023, 4:51 am
Cliff notes: inflation’s cost
Key insights from the week that was. Q1 GDP for Australia came in broadly as anticipated at 0.2%, 2.3%yr. Household s...
June 9, 2023, 4:31 am
Binance has suspended us currency deposits - cites sec law suit
Bitcoin down on the news, circa USD26400Binance statement:The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of a...
June 9, 2023, 2:39 am
United rentals: benefiting from favorable tailwinds
United Rentals is benefiting from the expansion of the equipment rental market, driven by the shift in customer preference from buying to renting. Oth...
June 8, 2023, 9:40 pm
Boc beaudry says the bank does not have a pre-determined bias towards further tightening
Bank of Canada Deputy Governor Beaudry spoke on Thursday:Bank of Canada's Beaudry: Strong household spending <...
June 8, 2023, 8:51 pm
Forexlive americas fx news wrap: us dollar slumps after jump in initial jobless claims
Bank of Canada's Beaudry: Strong household spending and high inflation led to rate hikeUS initial joble...
June 8, 2023, 8:14 pm
Doordash and edible team to capture consumers' gift spending
DoorDash, in its ongoing effort to find and create new occasions for on-demand delivery, is increasing its gifting options. The aggregator announced T...
June 8, 2023, 6:26 pm
Federal reserve reports first-quarter household net worth rises by $3 trillion
First-quarter household net worth rose $3 trillionHousehold debt is up by 2.2%Stock gains added $2.4 trillionReal estate declined by $600 billion for ...
June 8, 2023, 4:23 pm
Summer spending: 3 stocks set to benefit
Summer is just around the corner, with a resilient consumer looking to take full advantage of the warmer months. And so are these three companies....
June 8, 2023, 3:38 pm
Smartsheet's stock heads for worst day in 3 years as effects of soft business spending show up in outlook
Smartsheet Inc. shares fell more than 20% Thursday after Wall Street acknowledged that the soft business spend...
June 8, 2023, 3:24 pm
Consumer spending trends: inside e-commerce, luxury goods, and more
Over the past few quarters, different narratives have emerged about consumer spending — it's up, it's...
June 8, 2023, 11:55 am
Grubhub joins aggregators making play for extended-stay guests' spending
As aggregators look for new ways to drive adoption, Grubhub is going after the extended-stay hospitality market with a new partnership, teaming with H...
June 8, 2023, 11:36 am
Signet jewelers ceo gina drosos: seeing a lot of pressure on consumer spending
Gina Drosos, Signet Jewelers CEO, joins 'Squawk on the Street' to discuss the CEO's insights into the consumer, how recent holidays have fared for the...
June 8, 2023, 11:25 am
Millennial student loan repayments threaten amazon, walmart's bottom line
Millennials with student loans to lose 6.5% of spending power as repayments resume. That's the headline...
June 8, 2023, 10:00 am
Signet jewelers stock falls more than 10% after profit and sales guidance misses expectations
Shares of Signet Jewelers Ltd. SIG, +2.63% tumbled 10.7% in premarket trading Thursday, after the diamond jewelry retailer provided downbeat sales and...
June 8, 2023, 8:18 am
Becton, dickinson: business should beat h2 2023 expectations
I expect Becton, Dickinson and Company to beat 2H23 estimates due to reduced expectations and margin improvements. BDX's management has made progress ...
June 8, 2023, 4:50 am