American Eagle shares plunge 17% after it withdraws guidance, writes off $75 million in inventory
American Eagle on Tuesday said it is writing off $75 million in spring and summer merchandise and withdrawing its full-year guidance as it contends with slow sales, steep discounting and an uncertain economy. The apparel retailer said it expects revenue in the
Why UnitedHealth stock may have ‘nothing but upside’ after CEO resignation
Investors are unloading UnitedHealth Group Inc. today after the healthcare giant suspended its full-year guidance and announced a surprise departure of its chief executive, Andrew Witty.Witty is stepping down due to “personal reasons” while the NYSE listed firm has pulled
Here’s why the QQQ ETF, which tracks the Nasdaq 100 Index, is rising
The Invesco QQQ ETF, which tracks the Nasdaq 100 Index, has entered a bull market after soaring by almost 30% from its lowest level in April. It has jumped to $515, its highest level since March, and a few points
What next for the Nu Holdings stock price after its earnings dip?
Nu Holdings’ stock price retreated slightly on Tuesday after the company’s revenue came out short of expectations. It fell by 3% in the extended hours, erasing the 1.50% gains made during the regular session. Nu stock price was trading at $13.15,
Nvidia hits $3.17 tn, closes in on Apple’s m-cap after Saudi partnership: can it reshape tech rankings?
Nvidia Corp. came within striking distance of overtaking Apple Inc. as the world’s second most valuable company on Tuesday, as its stock rallied on optimism around chip sales to Saudi Arabia and artificial intelligence infrastructure deals. The company’s shares jumped
Hims & Hers stock price nears crucial level: is it a buy or sell?
Hims & Hers stock price has surged and is nearing its all-time high as investors bet that its strong momentum will continue in the coming years. HIMS shares surged by almost 16% on Tuesday, reaching its highest level since February.
Here’s why the QQQ ETF, which tracks the Nasdaq 100 Index, is rising
The Invesco QQQ ETF, which tracks the Nasdaq 100 Index, has entered a bull market after soaring by almost 30% from its lowest level in April. It has jumped to $515, its highest level since March, and a few points
Top crypto price predictions: Berachain, XRP, ETHFI, and Pi Network
The crypto market held steady on Wednesday morning as the fear and greed index soared to 75. Bitcoin held steady above $104,000, while Ethereum has jumped above $2,600. This article provides some top crypto price predictions like Berachain (BERA), XRP,
Crypto market today: Mubarak, Neiro, Ethena, Bonk prices rise ahead of Consensus
The crypto market continued rising on Wednesday as market participants cheered the encouraging US inflation data. Bitcoin and most altcoins also jumped as market participants waited for the Consensus event in Toronto. These coins also jumped as the crypto fear
What next for the Nu Holdings stock price after its earnings dip?
Nu Holdings’ stock price retreated slightly on Tuesday after the company’s revenue came out short of expectations. It fell by 3% in the extended hours, erasing the 1.50% gains made during the regular session. Nu stock price was trading at $13.15,
Hims & Hers stock price nears crucial level: is it a buy or sell?
Hims & Hers stock price has surged and is nearing its all-time high as investors bet that its strong momentum will continue in the coming years. HIMS shares surged by almost 16% on Tuesday, reaching its highest level since February.
McDonald’s announces plan to hire 375,000 employees this summer
McDonald’s announced a plan to hire 375,000 employees across the U.S. this summer. The plan, announced on Monday, is one of the fast-food chain’s largest hiring pushes in years, according to a news release. It goes hand in hand with
Father and son fraudsters sentenced in case of $100 million New Jersey deli
CAMDEN, N.J. — The father and son duo behind a stock fraud scheme involving the infamous $100 million New Jersey deli were sentenced to several months in prison Tuesday. Peter Coker Jr. was sentenced to 40 months. With credit for time
UnitedHealth CEO suddenly steps down for ‘personal reasons’
UnitedHealth Group announced a new chief executive Tuesday, a sudden and surprising change following the fatal shooting in December of its UnitedHealthcare subsidiary’s leader. Andrew Witty stepped down from leading UnitedHealth for unspecified “personal reasons,” the company said. Stephen J. Hemsley, who served as
Microsoft to cut 3% of its workforce
Microsoft on Tuesday said that it’s laying off 3% of employees across all levels, teams and geographies. “We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace,” a Microsoft spokesperson said in a statement
Fintech company Chime files for Nasdaq IPO
Financial technology company Chime on Tuesday filed paperwork to go public on the Nasdaq. The company intends to file under the ticker symbol “CHYM.” “Chime is a technology company, not a bank,” the company said in its prospectus, noting it’s not a
Asia markets open: Hang Seng plunges over 2% in tech sell-off, defying global relief rally
Asian-Pacific financial markets displayed a mixed performance on Tuesday, failing to uniformly sustain the powerful rally seen on Wall Street overnight, which was ignited by news of a trade agreement between the United States and China. While some regional bourses
Indian markets open: Sensex, Nifty set for pullback after May 12’s record 4% surge
Indian stock markets are poised for a subdued, potentially lower opening on Tuesday, May 13, as investors likely look to book profits following a spectacular rally in the previous session. While positive global cues provided some support overnight, domestic factors