Macy’s (M) raised its fiscal year outlook on Wednesday after posting better-than-expected quarterly results across the board, with same-store sales growth a bright spot. While revenue and adjusted earnings fell, both came in higher than Wall Street had forecast. Shares in the retail giant jumped more than 12% in premarket trading after the earnings report….
Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet for another round of US-China talks. Both sides are searching for a way forward on a TikTok ban and a November tariff deadline. The meeting in Madrid will cover “trade issues of mutual interest,” including the fate of TikTok in the…
Authorities are continuing to search for a suspect in the death of Charlie Kirk, a prominent conservative activist and ally to President Trump who was fatally shot while he was speaking at a campus event in Utah on Wednesday. In a press conference on Thursday night, Utah Gov. Spencer Cox said that law enforcement had…
Micron stock (MU) jumped roughly 8.5% Thursday morning to about $152, the biggest leap since April, when shares jumped roughly 19%. Thursday’s gain put the chipmaker on track for a record close. The gain came as Citi analyst Christopher Danely lifted his price target on shares to $175 from $150, maintaining his Buy rating on…
Micron stock (MU) jumped roughly 8.5% Thursday morning to about $152, the biggest leap since April, when shares jumped roughly 19%. Thursday’s gain put the chipmaker on track for a record close. The gain came as Citi analyst Christopher Danely lifted his price target on shares to $175 from $150, maintaining his Buy rating on…
Shares of AI lending platform Upstart (NASDAQ:UPST) fell 11.3% in the afternoon session after the successful stock market debut of “buy now, pay later” company Klarna (KLAR) created pressure on fintech peers. Klarna, a major competitor in the online lending space, began trading with its stock opening at $52, significantly above its initial public offering…
Charlie Kirk, a popular conservative commentator, was fatally shot while speaking to a large crowd at Utah Valley University in Orem, Utah, on Wednesday. He was 31. “The Great, and even Legendary, Charlie Kirk, is dead,” President Trump wrote in a post on Truth Social. “No one understood or had the Heart of the Youth…
Swedish buy now, pay later lender Klarna (KLAR) is set to go public on the New York Stock Exchange on Wednesday after raising $1.37 billion in its initial public offering. According to Bloomberg, the fintech company and its backers sold 34.3 million shares for $40 per share in the oversubscribed IPO, which gives the company…
A series of appearances this past week saw Chinese President Xi Jinping all smiles alongside a variety of America’s rivals. The events — a summit that was then followed by a military parade — have gotten plenty of notice. And they’ve clearly gotten under President Trump’s skin, with the president’s latest missive on Friday declaring…
The US labor market is slowing down. After a round of weaker-than-expected job market figures this week, the Bureau of Labor Statistics (BLS) will release the August jobs report on Friday morning at 8:30 a.m. ET. The report is expected to confirm these trends seen elsewhere in the US economy. Economists expect the US economy…