Check out the companies making headlines in midday trading: Tapestry , Capri — Shares of Tapestry rallied more than 14%, while Capri's stock tumbled 47%. The sharp moves come after a judge ruled in favor of the Federal Trade Commission's case to block Tapestry's acquisition of Capri . L3Harris...
Many factors make it hard to buy a home today, but the one that makes "the biggest difference" in today's market is the housing shortage, Property Brother Drew Scott said at CNBC's Your Money event on Thursday."I don't think people realize this shortage of housing that we have affects...
Christian Lindner, Germany's finance minister, during a meeting Janet Yellen, US treasury secretary, not pictured, at the annual meetings of the IMF and World Bank in Washington, DC, US, on Thursday, Oct. 24, 2024.Ting Shen | Bloomberg | Getty ImagesGerman Finance Minister Christian Lindner on Friday warned that if...
Check out the companies making headlines in premarket trading. Deckers Outdoor — The maker of Ugg and Hoka jumped 14% following its big earnings beat. Deckers posted earnings of $1.59 per share, topping the $1.24 a share expected from analysts polled by LSEG. Revenue was $1.31 billion, well above...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
The team responsible for assembling BlackRock Inc.’s model portfolios is favoring the stock market’s largest companies, potentially unleashing a flood of billions of dollars into technology shares. The investing giant, one of the biggest providers of the ready-made strategies followed by asset managers and financial advisers, is “pretty overweight” on megacap tech...
As Republican legislators in the US try to wipe ESG off the map, most global investors and executives are acting as though those efforts will ultimately fail. Using environmental, social and governance metrics is now mainstream, according to 89% of investors who responded to a survey published Wednesday by Bloomberg Intelligence....
UBS Group AG has begun the sale of hotly-anticipated additional tier 1 bonds, marking its first issuance of the securities since Credit Suisse’s writedown of about $17 billion of the debt. The bank is offering two dollar-denominated perpetual tranches callable in five and 10 years, according to a person familiar...
HSBC Holdings Plc plans to offer institutional clients a custody service for digital assets such as tokenized securities, the bank’s latest move in the new area of finance. HSBC will work with Ripple Labs Inc.-owned technology firm Metaco on the safekeeping services, which it expects to go live in 2024,...
A "mild recession" is on the cards, according to Commerzbank CEO Manfred Knof.Picture Alliance | Picture Alliance | Getty ImagesGermany's Commerzbank said on Wednesday that net profit more than tripled in the third quarter, better than expected and helped by higher interest rates, as it presented a strategy update.Net...
Dutch lender ABN Amro on Wednesday reported a third-quarter net profit well above market expectations, boosted by higher interest rates and growing loan books.ABN Amro, one of three dominant banks in the Netherlands, posted a 2% rise in quarterly net profit to 759 million euros ($811 million), compared with...
We’re approaching the “most wonderful time of the year,” with holidays stretching from Thanksgiving through New Year’s Day. If you believe the songs and Hallmark movies, people are laughing, enjoying dinners with friends, and relaxing by the fire for almost two straight months. I’d love to meet the people...
