Midday stock movers: Lululemon, Ulta Beauty, HP Enterprise
Here are the stocks making the biggest market moves midday.
AMC Entertainment Announces Another Stock Sale, and Shares Tumble
AMC Entertainment announced it would have another stock sale, offering 50 million shares through Goldman Sachs, and shares sank nearly 10%.
From Berkshire Hathaway to Blackstone, here's what Wall Street spends to keep CEOs safe
Wall Street firms spend a pretty penny on executive salaries and compensation, especially for those at the helm.
Equity Markets Mixed Intraday After Jobs Report
US benchmark equity indexes were mixed intraday after official data showed the economy added more jo
Inflation report poses test for stocks rally as Fed meeting looms
An inflation report in the coming week will test the strength of the record-setting U.S. stocks rally and provide a crucial piece of data that could factor into the Federal Reserve's plans for rate cuts. The rosy backdrop for stocks is underscored by expectations of further Fed interest rate cuts at the same time the economy remains resilient. However, data on consumer prices due on Wednesday could threaten the upbeat narrative if inflation rates are above expectations, posing a challenge for high-flying stocks.
US job market bounces back from impact of strikes, hurricanes
WASHINGTON (Reuters) -U.S. job growth surged in November after being severely hindered by hurricanes and strikes, but a rise in the unemployment rate to 4.2% pointed to an easing labor market that should allow the Federal Reserve to cut interest rates again this month. The labor market's resilience is driving the economy through strong consumer spending, with the closely watched employment report from the Labor Department on Friday showing solid wage growth last month. "The report should soothe bears and bulls alike," said Scott Anderson, chief U.S. economist at BMO Capital Markets.
Why Is BioNTech Stock Trading Higher On Friday?
On Thursday, Duality Biologics revealed the first data from a global Phase 1/2a trial of BNT324/DB-1311, which it co-developed with BioNTech SE (NASDAQ:BNTX). The data were presented in an oral session at the 2024 European Society of Medical Oncology Asia Annual Meeting in Singapore and showed encouraging antitumor activity alongside a manageable safety profile in heavily pretreated patients with locally advanced or metastatic solid tumors. The ongoing Phase 1/2a trial analysis included 277 part
The stock market’s ‘fear gauge’ is trading at lows. Why retail investors should take note.
The Cboe Volatility Index hasn’t been this low in months.
Why Genesco Stock Is Trading Higher On Friday
Genesco Inc. (NYSE:GCO) shares are trading higher on Friday after the company reported third-quarter financial results. It clocked an adjusted earnings per share of 61 cents, beating the street view of 29 cents. Quarterly revenues of $596.328 million (+3%) beat the analyst consensus estimate of $577.93 million. Comparable sales rose 6%, with e-commerce sales up 15% and store sales increasing 4%. E-commerce accounted for 24% of retail sales. “This result was driven by the initial phase of Journey
After Bitcoin & Ether, Are Ripple ETFs Underway?
WisdomTree recently filed for a Ripple ETF, becoming the fourth such company in the United States.