Investing.com — RBC Capital Markets has upgraded its rating for Next plc (LON:NXT) to “outperform” from “sector perform,” citing optimism about the company’s growth prospects despite current macroeconomic challenges. Analysts believe the British retail giant is well-positioned to navigate pressures such as rising labor costs and fluctuating exchange rates while leveraging its strong logistics, diversified…
By Joanna Plucinska LONDON (Reuters) – The expansion of green jet fuels could suffer a significant set-back under president-elect Donald Trump, according to aviation officials, who fear the reversal of tax credits needed to kick-start the sector. The comments by members of airlines trade body IATA and American Airlines (NASDAQ:AAL) at an airlines industry conference…
(Reuters) -Abercrombie & Fitch lifted its annual sales forecast on Tuesday, betting on strong demand at its namesake label and its teen-focused Hollister brand. The company also named insider Robert Ball (NYSE:BALL) as chief financial officer. Its shares were down about 4% in premarket trading. Abercrombie has doubled down on refreshing its product lines across…
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 will rise over 8% between now and end-2025 as U.S. interest rate cuts and potentially less regulation under President-elect Donald Trump extend the market’s strong run, according to a Reuters poll of equity strategists. Continued U.S. economic health will boost earnings growth, and some strategists…
(Reuters) – Jif peanut butter maker JM Smucker (NYSE:SJM) raised annual profit forecast and beat second-quarter estimates on Tuesday, benefiting from resilient demand for packaged and frozen foods and coffee price hikes. Shares of the Ohio-based company were up about 5% in premarket trading, with it keeping its annual sales target intact. With living costs…
Investing.com — The UK’s Financial Conduct Authority has imposed a £13 million fine on Macquarie Bank Limited’s London branch for serious control failures that enabled a trader to execute over 400 fictitious trades, concealing trading losses for nearly two years. The fine was reduced from £18.6 million after the bank agreed to resolve the matter,…
Investing.com — Shares of Best Buy (NYSE:BBY) tumbled more than 7% in pre-market trading on Tuesday after the electronics retailer reported disappointing third-quarter results and cut its full-year sales outlook, signaling weaker consumer demand ahead of the crucial holiday season. The company’s comparable sales for the quarter declined 2.9%, underscoring softening demand in key categories…
Investing.com — US stock futures steadied Tuesday, with investors reluctant to chase the market too much higher after Donald Trump’s threatened a global trade war once he gets into office. Here are some of the biggest premarket US stock movers today: Kohl’s (NYSE:KSS) stock slumped 12% after the retailer cut its annual sales forecast for…
NEW YORK (AP) — The holiday shopping season is about to reach full speed with Black Friday, which kicks off the post-Thanksgiving retail rush later this week. The annual sales event no longer creates the midnight mall crowds or doorbuster mayhem of recent decades, in large part due to the ease of online shopping and…
By Kai-Fu Lee Business Nov 26, 2024 6:35 AM How Do You Get to Artificial General Intelligence? Think Lighter Billions of dollars in hardware and exorbitant use costs are squashing AI innovation. LLMs need to get leaner and cheaper if progress is to be made. Illustration: Igor Bastidas In 2025, entrepreneurs will unleash a flood…
