Fashion conglomerate G-III (NASDAQ:GIII) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 9.8% year on year to $839.5 million. On the other hand, next quarter’s revenue guidance of $580 million was less impressive, coming in 6.9% below analysts’ estimates. Its GAAP profit of $1.07 per share was 7.9% above analysts’ consensus estimates.
Dollar General’s (NYSE:DG) Q4 Earnings Results: Revenue In Line With Expectations, Stock Soars
Discount retailer Dollar General (NYSE:DG) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 4.5% year on year to $10.3 billion. Its GAAP profit of $0.87 per share was 42% below analysts’ consensus estimates.
Morning Bid: Markets now eye government shutdown after trade row
From one crunch to another, markets are finding it hard to catch a break as we go from tit-for-tat trade wars one day to U.S. government shutdown fears the next. Today I'll take a look at how all of the U.S. policy uncertainty and diplomatic upheavals have sparked a conversation in global investment circles about trust and transparency in U.S. governance and how eroding that could undermine the U.S. position as the world's dominant investment destination. Today's Market Minute * President Donald Trump threatened on Wednesday to escalatea global trade war with further tariffs on European Union goods,as major U.S. trading partners said they would retaliate fortrade barriers already erected by the U.S. president.
A hedge fund bet against a $4 billion fintech after it claimed a reverse image search of customer reviews revealed stock photos of women
A short seller is betting the remittance and money transferring business’ stock price will tumble.
Barclays expects US Fed to deliver two rate cuts this year on softer labor market activity
The brokerage is expecting two quarter-point rate cuts in June and September, it said on Thursday. "The softer labor market causes us to add another rate cut, despite higher inflation," Barclays analysts said. The brokerage expects demand for workers to diminish along with slowing labor market activity this year.
Wall St trips on Trump's latest tariff threat; inflation data offers respite
The main U.S. stock indexes slipped on Thursday as President Donald Trump's escalated tariff rhetoric against the European Union impacted investor sentiment, although cooling inflation provided some relief. In his latest trade salvo, Trump announced a plan to levy a 200% duty on European beverage imports unless the EU removes surcharges on U.S. whiskey. He had previously threatened to penalize the bloc if it imposed retaliatory tariffs on American goods next month.
Here's What the Strategic Bitcoin Reserve Could Mean for Bitcoin
Bitcoin (CRYPTO: BTC) is going to be held in a United States Strategic Bitcoin Reserve, according to comments by President Donald Trump and an executive order issued on March 6. This is a watershed moment for the coin, and it might be just the first of a series of similar catalysts if other governments around the world follow suit. Per the White House, the new Strategic Bitcoin Reserve will be stocked with Bitcoin that the Department of Treasury came into the possession of via criminal or civil asset forfeitures, as well as via other avenues that do not involve buying it directly.
Beyond defence: Stocks set to gain from Germany’s economic revolution
Germany's fiscal shift will drive billions into infrastructure, energy, and housing, boosting eurozone growth. Goldman Sachs highlights 12 Buy-rated European stocks set to benefit from this economic transformation.View on euronews
Crypto wallet integrated with Telegram introduces crypto trading and yield features
Telegram's crypto wallet, developed by a third-party company called The Open Platform (TOP), has introduced new features for people who don't just use Telegram as a messaging app. The updates include multi-asset trading and yield functionalities. Based on the TON blockchain, TOP launched the wallet in 2023. The company reported that over 100 million users have signed up for an account with Wallet on Telegram. Additionally, it noted that most of these users were new to the crypto ecosystem. The w
Cryptoverse: Bitcoin's bear market hits newcomers hardest
A stampede of new investors hoovered up bitcoin at lofty prices as crypto fever ran high after Donald Trump swept to victory in the November U.S. presidential election. Now, barely six weeks after Trump was inaugurated, bitcoin has sunk into a bear market, drained by a sell-off in global stocks. A wave of investors that entered the market chasing bitcoin's rally past $100,000, especially those using borrowed money, are feeling the pinch from its decline.