(Bloomberg) — WeWork Inc. was downgraded one notch by Fitch Ratings as the office-sharing upstart continues to lose money and struggles to capitalize on a return-to-office push happening at comp...
Tag: Fitch
Abercrombie & Fitch, Disney, Best Buy, Zoom and more
A pedestrian stands outside of the Abercrombie & Fitch store on Fifth Avenue in New York City. Craig Warga | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Ab...
Abercrombie & Fitch stock opened 20% up on Tuesday: explained here
Shares of Abercrombie & Fitch Co (NYSE: ANF) gained as much as 20% this morning after the American lifestyle retailer reported a surprise profit for its third financial quarter. ANF is ‘cautiously...
Best Buy, Dick’s, Abercrombie & Fitch and others
Check out the companies making headlines before the bell: Best Buy (BBY) – Best Buy rallied 7% in the premarket after its third-quarter results beat analyst estimates. The electronics retailer also re...
What made Abercrombie & Fitch tank 30% on Tuesday morning?
Shares of Abercrombie & Fitch Co (NYSE: ANF) opened more than 30% down on Tuesday after the apparel retailer reported a surprise loss for its fiscal first quarter. Abercrombie & Fitch Q1 earni...
Abercrombie & Fitch (ANF) reports Q1 2022 loss
A person carries a bag from the Abercrombie & Fitch store on Fifth Avenue in New York City, February 27, 2017. Andrew Kelly | Reuters Abercrombie & Fitch shares fell more than 25% in early tra...
Fitch Says Terra Collapse Will Accelerate Calls for Regulation
Alex Dovbnya Terra disaster will expedite regulatory clampdown in stablecoin sector, according to Fitch Ratings Fitch Ratings, an American credit rating agency, predicts that the epic collapse of the ...
Firms Exit Russia, Fitch Sees ‘Imminent’ Default
(Bloomberg) — Most Read from Bloomberg Starbucks Corp. and Coca-Cola Co. joined the steady stream of companies suspending operations or pulling out of Russia, as Fitch Ratings said a bond defaul...
Abercrombie & Fitch shares tanked 18% this morning: explore why
Abercrombie & Fitch Co (NYSE: ANF) shares are down nearly 20% on Wednesday after the lifestyle retailer reported its fiscal fourth-quarter results that came in shy of Wall Street estimates. Highli...
Fitch downgrades El Salvador – What next for the country?
Traditional finance is bringing all to bear on the small Central American country of El Salvador that had the temerity to step out of line and adopt Bitcoin alongside the US dollar as legal tender. Fi...
Fitch downgrades El Salvador’s long-term IDR to ‘CCC’ from ‘B-‘
El Salvador, the first country to legalize Bitcoin as a currency has maintained undeterred relations with Bitcoin. Over the years, the country has faced a countless number of critics for holding and a...
Fitch Claims El Salvador’s Bitcoin Adoption Strongly Hinders IMFs Upcoming Finance Plans
Fitch Ratings, one of the big three credit ratings agencies, has downgraded El Salvador’s long-term issuer default rating (IDR). Fitch now rates El Salvador’s debt repayment capacity at CCC, a step lo...
South East Asian banks venturing into crypto face heightened risks, warns Fitch
After a year of enthusiastic ventures and acceptance regarding cryptocurrencies, banks in South East Asia might be in for a hard time going forward, analysts at top financial institutions have warned....
Russia’s Crypto Ban Will Ease Risks But Limit Tech Diffusion: Fitch
The proposed attempt by the Central Bank of Russia (CBR) to ban digital currencies and related operations in the country has been identified by Fitch Ratings, a platform that publishes ratings, criter...
Fitch faults Russia’s limit on technology
TL; DR Breakdown Fitch faults crypto ban effect on innovation in Russia Fitch says the ban will stifle innovation Russians divided over ways to tackle the crypto sector Over the past few months, the c...
Fitch says proposed Russia crypto ban eases risks but curbs innovation
On Friday, credit rating agency Fitch published a research piece about Russia’s proposed ban on cryptocurrencies. Although the report agreed with the Central Bank of Russia’s (CBR) positio...
Abercrombie & Fitch trims holiday-quarter sales outlook
Customers exit an Abercrombie & Fitch store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Abercrombie & Fitch said Monday that it saw strong demand from consumers ...