Abercrombie & Fitch posts unexpected profit, raises outlook
Key takeaways Abercrombie & Fitch shares jumped 31% on Wednesday after posting a surprising first-quarter profit. Results were boosted by lower transportation costs and higher prices. The retailer
Deutsche Bank and Citigroup admit anti-competitive practices
Deutsche Bank (DB) and Citigroup (C) admitted Wednesday to trade sensitive information on UK government bonds between 2009 and 2013, and were among five banks, including HSBC (HSBC),
Netflix cracks down on account sharing between households
In an email sent to US users on Tuesday, Netflix released a new set of guidelines for users who want to share accounts, as part of its efforts
EUR/USD alert: FOMC Minutes represent a key risk for the Euro Dollar
EUR/USD has retreated. Tuesday, the Euro having been affected by disappointing European PMIs, while the Dollar benefited from its side. a much better-than-expected US services PMI, and stronger-than-expected
Activist Investor Asks Yelp Board to Raise Stock Price
Key Points Activist investor TCS Capital Management has asked Yelp's board to raise the stock price. TCS Chairman Eric Semler has called Yelp to explore strategic options, possibly
Meta sells Giphy to Shutterstock for $53 million in sale ordered by UK regulator
Key Points Shutterstock (SSTK) rose in early trading Tuesday morning after the company announced it was buying motion-image platform Giphy from Meta Platforms (META) for $53 million. Meta's
Analysis of Japanese candlesticks on 05/24/2023
Hello. Below are some recommendations for trading in the Forex market on 05/24/2023 NZDUSD /p> in a wide side. The price reacted to FVG around 0.6300 and formed
Rising memberships could help Costco offset a spending slowdown
Costco (COST) likely to see solid earnings growth in high single digits when it reported earnings on Thursday, as rising memberships and continued customer loyalty could help the
Reverse Lordstown Stock Split Aims to Save Nasdaq Listing, Foxconn Deal
Key takeaways Lordstown Motors has announced a 1-for-15 stock split, effective Wednesday. The move is designed to lift its stock price above $1 in order to avoid Nasdaq
PacWest sells construction loans to raise funds
Key Points PacWest sold home construction loans to raise cash. Kennedy-Wilson Holdings paid a discounted price of $2.4 billion for the PacWest loans. PacWest will sell additional loans