The Macy's company logo is seen at the Macy's store on Herald Square on January 19, 2024 in New York City. Macy's department-store chain announced that they will be laying off roughly 2,350 employees which is about 3.5% of their workforce. The company says that it will also be...
“Bullish momentum remains intact for the S&P 500 and Nasdaq, but near-term overbought conditions coupled with deteriorating breadth make equities vulnerable to a...
The construction industry has a slow payments problem. Studies have found that it takes anywhere from two to three months on average for construction companies to get paid, due to factors such as delays, multiple payment layers and cost overruns. The cost of sluggish construction contract payments climbed to...
Check out the companies making headlines before the bell. Trump Media & Technology — Shares of the Truth Social parent popped more than 50% following the attempted assassination of former President Donald Trump on Saturday. Some have argued that the attempt could boost the odds of a Trump victory...
Former US President Donald Trump during a campaign event at Trump National Doral Golf Club in Miami, Florida, US, on Tuesday, July 9, 2024.Eva Marie Uzcategui | Bloomberg | Getty ImagesWith markets in recent weeks cranking up their bets that Donald Trump will win the presidential election, Goldman Sachs...
Pedestrians walk past a Burberry Group Plc store, left, in the Causeway Bay shopping district of Hong Kong.Xaume Olleros | Bloomberg | Getty ImagesShares in Burberry plunged 10% at the market open on Monday after a "disappointing" first-quarter performance led it to replace its CEO and axe its dividend.Joshua...
Nick Hayek, CEO of Swatch Group, at the Swatch ETA factory in Grenchen, Switzerland, in 2023.Bloomberg | Bloomberg | Getty ImagesSwatch Group reported a steep fall in first half sales and earnings on Monday as the world's biggest watchmaker struggled with weaker demand in China.The Swiss-based maker of Tissot,...
David Solomon, Goldman Sachs interview with David Faber, September 7, 2023.CNBCGoldman Sachs is scheduled to report second-quarter earnings before the opening bell Monday.Here's what Wall Street expects:Earnings: $8.34 per share, according to LSEGRevenue: $12.46 billion, according to LSEGTrading Revenue: Fixed Income of $2.96 billion, Equities of $3.17 billion, per...