Shares of personal care and home fragrance retailer Bath & Body Works (NYSE:BBWI)
fell 5.7% in the afternoon session after a weak U.S. jobs report and signs of a broader retail sector pullback. The latest U.S. nonfarm payrolls data showed a disappointing gain of only 22,000 jobs, far below the market estimate of 75,000, while the unemployment rate ticked up to 4.3%, its highest level since December 2021. This indicates that employers are cautious about hiring in an uncertain economic environment.
Global financial markets are currently navigating a turbulent sea, buffeted by a relentless storm of escalating trade tensions and proliferating geopolitical risks. The convergence of these powerful forces is casting a long shadow over investor sentiment, amplifying market volatility, and injecting profound uncertainty into corporate outlooks worldwide. From punitive tariffs
The broader stock market is once again making headlines as the S&P 500 index continues its relentless march into uncharted territory, consistently hitting new record highs. This impressive climb, with the index surpassing 6,500 points recently, naturally sparks a crucial question: is this a truly robust, broad-based rally,
Shares of online home goods retailer Wayfair (NYSE:W)
jumped 6% in the afternoon session after the company presented its strategic outlook at the Goldman Sachs 32nd Annual Global Retailing Conference.
Shares of golf entertainment and gear company Topgolf Callaway (NYSE:MODG)
jumped 0.8% in the morning session after the company detailed its strategic recalibration plans at a Goldman Sachs conference, boosting investor confidence in its long-term value.
Wall Street analysts are bracing for a complex and dynamic year, characterized by a potent mix of persistent market volatility, uneven yet robust global earnings growth, and a carefully choreographed easing of the Federal Reserve's monetary policy. The overarching sentiment points to a period where investors will need to exercise
The S&P 500 index has repeatedly scaled new all-time highs in recent months, a testament to robust corporate earnings and an enduring wave of optimism, largely fueled by advancements in Artificial Intelligence. This remarkable ascent, however, has ignited a fervent debate among financial analysts: are we witnessing a healthy
Shares of footwear, apparel, and accessories retailer Genesco (NYSE:GCO)
jumped 5.8% in the afternoon session after the company outlined its strategic growth plans and positive business trends at the Goldman Sachs 32nd Annual Global Retailing Conference.
The U.S. stock market is bracing for a fascinating transitional period, with major financial institutions forecasting a phase of moderated gains and heightened volatility for the S&P 500 (SPX) in late 2025. This anticipated choppiness is seen not as a setback, but as a prelude to a more
Shares of clothing and accessories retailer Urban Outfitters (NASDAQ:URBN)
jumped 4.9% in the afternoon session after a key peer, American Eagle Outfitters reported strong earnings. American Eagle's stock surged after it reported second-quarter profits that more than doubled Wall Street's expectations, driven by successful celebrity-led advertising campaigns that boosted denim sales. The strong performance from a peer signals underlying strength in the retail sector, lifting investor sentiment for similar companies like Urban Outfitters. The positive momentum also follows Urban Outfitters' own recent update at a Goldman Sachs conference, where the company highlighted a robust second quarter with record sales of $1.5 billion and earnings per share growth of over 20%.
Wall Street finds itself once again at the precipice of significant economic uncertainty as the specter of new tariffs looms large. The potential for a resurgence of aggressive trade policies, particularly under a possible Trump administration, has ignited concerns across financial markets. Analysts and economists are forecasting a substantial drag
The Federal Reserve is currently caught in a precarious balancing act, navigating a complex economic landscape defined by persistent inflation, a softening labor market, and mounting pressure to adjust interest rates. Wall Street is eagerly anticipating a series of rate cuts, with a strong consensus forming around a September 2025
Shares of investment management firm T. Rowe Price (NASDAQ:TROW) jumped 5.6% in the morning session after the company announced a strategic collaboration with Goldman Sachs that includes a planned investment of up to $1 billion from the financial giant.
Shares of telecommunications infrastructure company Lumen Technologies (NYSE:LUMN) jumped 9.4% in the morning session after the company announced a collaboration with Palantir Technologies to integrate Palantir's artificial intelligence platforms into its business.
Shares of personal care and home fragrance retailer Bath & Body Works (NYSE:BBWI)
jumped 3.9% in the morning session after it continued a recent rally as the company presented its strategic initiatives at the Goldman Sachs Global Retailing Conference.
Shares of cloud data platform provider Snowflake (NYSE:SNOW) fell 5.1% in the morning session after the company announced its Chief Financial Officer, Mike Scarpelli, is retiring.
Officials told The Wall Street Journal that the Federal Trade Commission is preparing letters to major AI developers requiring them to hand over documents detailing how children use their products and what safeguards are in place.
