Singapore’s deputy prime minister has advised retail investors to steer clear of cryptocurrencies, citing that they are “highly risky.” He stressed, “We cannot express this enough.” Singapore’s Deputy...
Tag: Retail
Aussie banks ANZ and NAB won’t ‘endorse’ retail speculation on crypto
Executives at two of Australia’s “big four” banks have ruled out allowing retail customers to trade cryptocurrency on their platforms, with one reasoning that customers don’t understand “basic financi...
GameStop, Salesforce, Netflix, Alphabet, Nvidia, and Other Stocks to Watch This Week
Text size Uncredited U.S. stock and bond markets will be closed Monday for Memorial Day. A handful of major companies report later this week, with the economic-data highlight being jobs Friday. HP and...
Why Costco Won’t Raise the Price of Its Hot Dogs
Text size Costco’s membership renewal rate for the U.S. and Canada stood at 92.3% last quarter. David Pail Morris/Bloomberg Costco Wholesale takes care of its more than 64 million members. The s...
Hot stocks may bring an initial thrill, but they’ll break your heart
My father was born in 1936 in Brooklyn. He attended Erasmus High School, earned a degree in chemical engineering from Brooklyn Polytechnic High School and then went on to study dentistry at New York ...
La Ligne Reveals Plans For Fourth Retail Store Opening
The exterior of the Madison Avenue La Ligne store. Photo Courtesy of La Ligne With three stores already in operation, La Ligne, the brand launched by two Vogue alumni, Meredith Melling, CBO, and Valer...
Koko’s Cutting-Edge £70m Retail Meets Media Resurrection
British rapper Knucks is the lynchpin for Koko Studios inaugural proprietary livestreamed show. David Levene / Koko Late last month, the iconic 122-year-old London music venue Koko re-opened following...
Costco Shares News on a Membership Price Increase
Warehouse clubs took on a position of importance during the pandemic. When some items were in short supply, Costco (COST) – Get Costco Wholesale Corporation Report and rival Walmart’s (WMT...
Costco’s Latest Earnings Show Why the Stock Is a Winner
Text size Costco’s membership renewal rate for the U.S. and Canada stood at 92.3% last quarter. David Pail Morris/Bloomberg Costco Wholesale takes care of its more than 64 million members. The s...
GameStop, Salesforce, Netflix, Alphabet, Nvidia, and Other Stocks for Investors to Watch This Week
Text size Uncredited U.S. stock and bond markets will be closed Monday for Memorial Day. A handful of major companies report later this week, with the economic-data highlight being jobs Friday. HP and...
Aurora Cannabis Slashing Weed Capacity in Profitability Push
Aurora Cannabis (ACB) – Get Aurora Cannabis Inc. Report needs to cut costs after going on a spending spree, and the company is willing to seriously reduce capacity to do so. Two weeks after an...
Why Costco Is the Perfect Stock for Inflation
Inflation and supply chain issues have cast a dark shadow over retail stocks. Never mind that people still need to eat even when prices go up, Target TGT stock has dropped 26.9% over the past month an...
Companies Are Rebuilding Their Inventories. What That Means for Profits.
Text size Target’s inventory rose 43.1% and sales grew 4% in the most recent quarter. Joe Raedle/Getty Images After months of being empty, shelves are finally being restocked. That makes shoppers happ...
ASOS Brings Tammy Girl Back Into Fashion
Tammy Girl is back. The 90’s fashion revival now seems complete as Tammy Girl returns to the … [+] fashion picture thanks to ASOS. Tammy Girl by Daisy Street Gen X lived through it, to tell the ...
Stock Market Rises as S&P 500, Nasdaq Add More Than 6% This Week
The S&P 500 raced higher Friday, notching its best week of the year and snapping a punishing losing streak that had almost ended its bull market. A slew of earnings results and economic data has b...
This Rally Could Force the Fed to Raise Rates Higher
The markets make the news, not the other way around, an insight that has been quite humbling to one who has made a living by reporting and analyzing the impact of news on financial markets. Consider t...
London Heathrow Airport Revises 2022 Traffic Upwards By 16% And Extends Dufry’s Retail Contract
Revised traffic numbers give Dufry renewed hope for the summer. (Photo by: Prisma by Dukas/Universal … [+] Images Group via Getty Images) Universal Images Group via Getty Images London Heathrow ...
Will the Stock Market Recover? 10 Reasons the Rally Might Be Real.
Text size Investors have been fooled before. Why this stock market rally feels like the real thing. Spencer Platt/Getty Images The stock market has been rallying this week. This one, unlike other atte...
First Quarter Retail Earnings Fail a Predictable “Shock”
First Quarter Retail Earnings Fail a Predictable “Shock” getty Earnings reports from the nation’s largest retailers for the first quarter recently spooked Wall Street into a broad collapse. Executives...
Under Armour Stock Got Pounded. The Comeback Will Be Slow.
Under Armour has been hurt by supply-chain woes and pandemic-related lockdowns in China. Courtesy of Under Armour Text size There were a lot of reasons to be optimistic about Under Armour in April. Th...
Retail Stocks Rebound But ‘Feast Or Famine Environment’ May Persist Amid Shift In Consumer Spending, Experts Warn
Topline The retail sector has been hard-hit by a selloff in recent weeks amid warnings from major companies that surging inflation has impacted profits, and despite a rebound on Wednesday, experts pre...
Toys R Us Marketing Campaign Goes Global With World Tour For Geoffrey
Toys R Us is kicking off the Geoffrey world tour at the U.S. flagship at American Dream mall in East … [+] Rutherford, N.J. Michael Simon/startraksphoto.com/Courtesy of WHP Global The reborn Toy...
What retail woes signal about the market’s fight against inflation
Jay Laprete | Bloomberg | Getty Images Retailers are missing and missing big. It started last week with the Walmart and Target results which showed big inventory builds and the need for markdowns, and...
In a ‘baby with the bathwater’ market, here are a dozen unfairly punished stocks, ripe for a bounce
Another equity selloff is brewing as a warning from Snapchat’s parent has triggered broader panic, with fears Snap is the next canary in the coal mine for tech. Or it just may be another excuse to sel...
Dan Quayle Bought Up Carvana’s Slumping Stock
Text size Former Vice President Dan Quayle. Drew Angerer/Getty Images Carvana stock has slumped this year, and former Vice President Dan Quayle, who serves the used-car retailer as a director, bought ...
Should You Buy or Sell Rivian Stock? What One Analyst Says To Do Now.
Text size Electric-car maker Rivian went public on the Nasdaq in November. Courtesy of Rivian Wall Street is sticking with its Buy call for Rivian stock. Mizuho analyst Vijay Rakesh says that current ...