Reported 9 days ago
Bath & Body Works reported a second-quarter profit that fell short of Wall Street expectations, citing increased costs and uncertain consumer spending as key challenges. Despite a 6% drop in shares during premarket trading, the company is taking steps to reposition its products as affordable luxuries. While the retailer has managed to mitigate some tariff impacts by sourcing most of its goods locally, it has still adjusted its annual profit forecast to reflect current conditions.
Source: YAHOO
Reported 9 days ago
Dollar General has increased its annual earnings projections, anticipating higher consumer demand for budget-friendly essentials amid ongoing inflation and economic uncertainty. The company reported a rise in same-store sales and aims to attract more middle- and higher-income shoppers by expanding its delivery partnerships and enhancing store layouts. Despite challenges posed by import tariffs, Dollar General remains focused on keeping prices low while adjusting to market pressures.
Source: YAHOO
Reported 9 days ago
Dick’s Sporting Goods Inc. shares experienced a decline as the company prepares to acquire Foot Locker Inc., with investors concerned about management's strategy for revitalizing the struggling sneaker chain. Despite raising its full-year outlook for sales growth and earnings, concerns over second-half demand persist. The $2.4 billion acquisition is slated to close on September 8, as Dick's CEO remains optimistic about future investments in Foot Locker, although detailed plans are awaited.
Source: YAHOO
Reported 9 days ago
Apple has expressed concerns that the UK's plans to boost competition in the mobile operating system market may negatively impact users and developers by potentially compromising privacy and security. The company's worries stem from a proposal by the Competition and Markets Authority (CMA) to designate Apple and Google as holding strategic market status, which could force them to share technology with foreign rivals and make their systems more compatible with third-party services. Apple contends that these changes could expose users to scams and stifle innovation.
Source: YAHOO
Reported 9 days ago
Source: YAHOO
Reported 9 days ago
Source: YAHOO
Reported 9 days ago
The tech-focused Nasdaq saw a slight upward movement on Thursday, but Nvidia's stock dipped due to concerns over its future sales in China, tied to Sino-U.S. trade tensions. Despite securing licenses to sell chips in China, Nvidia's forecasts excluded potential China revenue, leading to a 1.3% fall in shares. Meanwhile, broader market indicators showed hope for a Federal Reserve interest rate cut, even as other tech stocks like Meta and Microsoft experienced minor gains.
Source: YAHOO
Reported 9 days ago
Russia launched a significant drone and missile attack on Kyiv, resulting in the deaths of 18, including four children, and injuring at least 48. The assault, which defied U.S. calls for a ceasefire and occurred shortly after a summit between Trump and Putin, was described by Ukrainian President Zelenskiy as prioritizing aggression over diplomacy. The situation has heightened calls for stronger security guarantees for Ukraine, as European leaders condemned the attacks and the conflict shows no signs of resolution.
Source: YAHOO
Reported 9 days ago
Volkswagen has extended its collaboration with Amazon Web Services for an additional five years, focusing on integrating artificial intelligence to enhance production efficiency and reduce costs across its global manufacturing sites. The partnership aims to digitize operations through a digital production platform that is already in use in 43 locations across Europe, North America, and South America, contributing to significant cost savings for the company.
Source: YAHOO
Reported 9 days ago
C.H. Robinson has launched a new AI-driven tool, the Always-on Logistics Planner, for its Managed Solutions division, marking an expansion of AI utilization within its 4PL services. This initiative aligns with the company's ongoing technology enhancements, aiming to streamline logistics processes and improve customer interactions. Company executives noted strong adoption of this tool among customers, who appreciate its ability to handle inquiries efficiently, thereby allowing logistics personnel to focus on more complex problem-solving tasks.
Source: YAHOO
Reported 9 days ago
In the latest weekly report, U.S. rail freight traffic saw a 0.8% decline compared to the previous year, primarily driven by a slowdown in intermodal shipments, despite a 0.6% increase in commodity shipments. Noteworthy gains were posted in grain and motor vehicles, but a significant drop in petroleum products impacted overall performance. Cumulative data for 2025 still shows a 2.6% year-over-year increase in carload volume.
Source: YAHOO
Reported 9 days ago
If President Donald Trump successfully removes Governor Lisa Cook from the Federal Reserve Board, he may gain a majority control, allowing him to reshape the Fed's policies significantly. With upcoming reappointments of regional Fed presidents and upcoming challenges to Cook's removal, there are potential pathways for Trump to influence interest rates more in line with his administration's goals. However, legal and procedural hurdles may complicate this effort, as the Fed's independence from political influence is a key principle.
Source: YAHOO
Reported 9 days ago
Source: YAHOO
Reported 9 days ago
Source: YAHOO
Reported 9 days ago
Investing $10,000 in BigBear.ai, a $2 billion company specializing in custom AI solutions, raises questions about its potential for massive returns. Despite a significant contract with the U.S. Army and deployment in airport security, the company's growth is stagnant, with a reported 18% revenue decline in Q2. Additionally, BigBear.ai's margins are lower than typical software companies, impacting its valuation. With growing competition and better options available, analysts suggest that BigBear.ai may not be the best choice for investors seeking to multiply their initial investments.
Source: YAHOO
Reported 10 days ago
Japan's chief trade negotiator Ryosei Akazawa has abruptly called off his planned trip to the U.S. due to unresolved administrative discussions. The trip, intended to press for the implementation of reduced tariffs on cars and parts agreed upon in July, suggests lingering discrepancies between the two nations regarding the deal. Akazawa emphasized the urgency of revising tariffs, while the U.S. is looking to establish a significant investment framework as part of the agreement.
Source: YAHOO
Reported 10 days ago
Australia's Qantas airline has announced a nearly 15% increase in annual profit due to a resurgence in domestic travel post-pandemic, leading to a record-high increase in its share prices. The airline expects to raise fares for both domestic and international flights, while navigating challenges related to previous scandals and rebuilding consumer trust. CEO Vanessa Hudson emphasized the continued strong demand for travel, despite past legal issues faced by the company.
Source: YAHOO
Reported 10 days ago
Oil prices have decreased as traders overlook US efforts to persuade India to stop purchasing Russian crude. The global benchmark Brent crude fell below $68 a barrel amid concerns of a potential oversupply in the coming months. Despite US trade adviser Peter Navarro's increased pressure on India, refiners in the country plan to continue their Russian oil imports. Market analysts suggest that while demand may face challenges, tighter sanctions on Russia could affect future prices.
Source: YAHOO
Reported 10 days ago
China's commercial banks are intensifying scrutiny of credit card usage for stock investments as retail investors enter the $1 trillion market rally. Institutions like China Minsheng and Huaxia Bank have warned that using credit card funds for trading is prohibited, citing the potential risks of high-cost, short-term debts leading to market instability. These measures reflect concerns over speculative trading and the overarching aim to maintain financial stability in the wake of rapid market fluctuations.
Source: YAHOO
Reported 10 days ago
Bank of Japan board member Junko Nakagawa highlighted significant uncertainties regarding U.S. tariff policies and their effects on Japan and the global economy. She emphasized the upcoming 'tankan' business sentiment survey's importance in reflecting trade negotiation impacts. Amid economic uncertainties, the BOJ will continue to evaluate data for appropriate monetary policy decisions.
Source: YAHOO
Reported 10 days ago
Lynas Rare Earths has expressed significant uncertainty regarding its heavy rare-earths processing plant in Texas and reported a larger-than-expected decrease in annual profits. Negotiations with the U.S. Department of Defense for an offtake agreement are ongoing, but Lynas warns that construction may be delayed. The company's net profit fell sharply to A$8 million, missing estimates, partly due to depreciation costs and lower production at its facilities. Lynas is planning to raise A$750 million to fund new growth opportunities.
Source: YAHOO