Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH Check out the companies making the biggest moves in premarket trading: RH — The high-end furniture chain dropped 6.2% after reporting adjusted earnings per share of $2.88 for the fourth quarter, missing a StreetAccount forecast of $3.32 per…
A DBS Group Holdings Ltd. logo atop an automated teller machine (ATM) at a bank branch in Singapore, on Wednesday, Feb. 17, 2021. Lauryn Ishak | Bloomberg | Getty Images SINGAPORE — Shares of Southeast Asia’s largest bank DBS Group were down 1.4% on Thursday, a day after a 10-hour outage of its digital services.…
China’s Premier Li Qiang addressed an international audience at Boao Asia forum in Boao, Hainan on March 30, 2023. Lintao Zhang | Getty Images News | Getty Images BO’AO, China — Chinese Premier Li Qiang sought to rally Asian countries behind China in his first public address to an international audience as premier. On Wednesday,…
Investors may want to brace for a hard landing. According to the Economic Cycle Research Institute, the recent bank failures reinforce a recession is imminent and there is a chart reflecting it. “We’re seeing lots of symptoms [of a significant downturn] when you have crises,” the institute’s co-founder Lakshman Achuthan told CNBC’s ” Fast Money…
A view of a Canadian athletic apparel retailer Lululemon logo seen at one of their stores. Alex Tai | LightRocket | Getty Images Check out the companies making headlines in midday trading Wednesday. Lululemon – Shares of the athleticwear company soared more than 13% after the firm reported strong holiday-quarter earnings and revenue that beat Wall…
The stock market is in an uptrend. That’s good, but the leadership is very narrow. It’s starting to look a lot like 2021 in the stock market. Tech stocks are dragging all the indexes up, just like 2021. No one seems to be watching, but after a rocky few weeks the S & P 500…
A Lululemon store in New York, US, on Tuesday, March 28, 2023. Stephanie Keith | Bloomberg | Getty Images Check out the companies making headlines before the bell. Lululemon – Lululemon shares surged more than 16% before the Wednesday open after posting a strong holiday quarter and sharing upbeat guidance for the current fiscal year.…
Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Industry insiders said the bank collapses have sent investors looking for alternatives to the traditional banking system and there is also anticipation of a slowdown in interest rate rises, which is helping bitcoin. Filip Radwanski | Sopa Images | Lightrocket |…
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Global High Yield and Leveraged Finance Conference in Miami, Florida, US, on Monday, March 6, 2023. Marco Bello | Bloomberg | Getty Images Jamie Dimon, the veteran JPMorgan Chase CEO and chairman, will be deposed…
Federal Reserve Board Vice Chair for Supervision Michael S. Barr testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on “Recent Bank Failures and the Federal Regulatory Response” on Capitol Hill in Washington, March 28, 2023. Evelyn Hockstein | Reuters The run on Silicon Valley Bank’s deposits this month went far deeper than…
