Holiday spending will be sluggish as consumers grapple with inflation, but Bank of America thinks a handful of value retailers and specialty stores could see a boost. Bank of America projects holiday sales-weighted average same-store sales will rise 0.6% year over year for its retail universe. That’s compared to 3.3% growth in 2022 and a…

Check out the companies making headlines in after-hours trading. Paycom Software — Shares dropped 26.5% after the company missed third-quarter revenue estimates. Paycom posted $406.3 million in revenue for the period, while analysts polled by FactSet had called for $411.2 million. Earnings per share beat forecasts, however, coming out at $1.77, excluding items, while analysts…

Market Movers rounded up the latest reactions to Caterpillar from investors and analysts. The pros, including Jim Cramer , discussed the industrial giant after it reported third-quarter results that beat on the top and bottom lines. Caterpillar’s stock dipped Tuesday though after management said fourth-quarter revenue would be “slightly” above this same quarter last year…

Check out the companies making headlines in extended trading. Arista Networks — The cloud networking solutions company added 6% Monday after the bell. Arista Networks reported $1.83 in earnings per share, excluding items, on $1.51 billion in revenue. Analysts polled by FactSet had estimated $1.58 in earnings per share on $1.48 billion in revenue. Lattice…

Bitcoin, the world’s largest cryptocurrency, has been stealthily rising in 2023. Chris Ratcliffe | Bloomberg | Getty Images The U.K. government on Monday confirmed plans to regulate the cryptocurrency industry, announcing in a consultation paper that it will look to bring in formal legislation for crypto activities by 2024. The government published its response to…

Check out the companies making headlines in premarket trading. East West Bancorp — Shares ticked up 2.6% after UBS upgraded them to buy on the back of strong third-quarter results. UBS also highlighted the company’s potential balance sheet strengthening and capital return efforts heading into the fourth-quarter. McDonald’s — Shares popped 2.8% after the fast-food…

Aaron P | Bauer-Griffin | GC Images | Getty Images HSBC’s profit after tax came in at $6.26 billion in the three months ended September, jumping 235% compared to the $2.66 billion in the same period last year. Europe largest bank by assets also saw profit before tax for the quarter rise by $4.5 billion to…

In a dismal year for most Chinese stocks, a few consumer names with growing international revenue have outperformed the market — and are forecast to climb further. Take, for example, U.S.-listed Miniso , up more than 140% so far this year. Through its network of brick-and-mortar stores, the company sells low-cost home goods and toys…

Suze Orman has a warning for investors relying too heavily on bonds. The personal finance expert believes the draw of high interest rates and an aversion to risk taking are preventing too many people from taking a “lifetime opportunity” in the stock market. “Some of these stocks — how do you pass them up? I…

Market Movers rounded up the latest reactions to Amazon from investors and analysts. Jim Cramer dissected the tech giant’s third-quarter results, which were issued late Thursday. Amazon took on cost-cutting measures in 2023, which included laying off thousands of employees. The e-commerce giant also saw its revenue jump 13% from this period last year. The…