Consumer spending in the United States showed unforeseen resilience amid steadily increasing interest rates as the Federal Reserve continues to tame price pressures. This means consumers feel confident to open up their wallets, subsequently benefiting consumer discretionary stocks such as Carrols Restaurant Group TAST, American Eagle Outfitters AEO, OneSpaWorld OSW and MGM Resorts International MGM. […]

The futures mostly traded higher Thursday, after a solid bounce-back day for the stock market, as all the major indexes finished the day higher. The catalyst for Wednesday’s rally and Thursday’s potential strong risk-on day was solid earnings from Nvidia and very solid forward guidance from the company. While the boost from the AI chip […]

After U.S. markets closed on Tuesday, Toll Brothers beat earnings per share (EPS) and revenue estimates. The homebuilder topped the EPS estimate by 31% and revenue rose year over year by 7.7%. Guidance for the company’s full-year deliveries was increased to 9,500 to 9,600 units. Shares traded up about 1.1% shortly after Wednesday’s opening bell. […]

There are 17 earnings reports scheduled for release Wednesday, 11 before markets open and 6 after U.S. markets close. The following table is based on data from Briefing.com and includes a consensus forecast in dollars for quarterly earnings per share and EPS reported last year, and the consensus forecast for quarterly revenue in thousands of […]

It was only a matter of time after Nvidia’s failed $40 billion acquisition of chip designer Arm before the U.K.-based company found another way to raise money. The Federal Trade Commission had made it abundantly clear that no deep-pocketed Arm customer would be allowed to buy the company. The potential list of buyers included Apple, […]

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the biggest public companies, especially the technology giants, trade in the hundreds, all the way up to over $1,000 per share […]

The initial pandemic period, when there were no vaccines, saw an environment of heightened uncertainties. The price of crude oil plunged to a negative $36.98 per barrel on Apr 20, 2020. However, with the rapid developments of vaccines, which led to the gradual opening of the economies, the pricing scenario of West Texas Intermediate crude […]

The futures were trading mixed, after another rebound day across Wall Street that saw all the major indexes close modestly higher after some big afternoon selling. The initial tailwind for the morning rally was the consumer price index (CPI) report that came in slightly below estimates but still much higher than the Federal Reserve’s target. […]

Wall Street has been witnessing volatile trading since the beginning of August. U.S. stock markets saw an impressive rally in the first seven months of this year after a disappointing 2022. Although the long-term trend is still bullish, investors should prepare for short-term fluctuations to protect their portfolios. Recent volatility arises primarily from three sources. […]

Save articles for later Add articles to your saved list and come back to them any time. The Commonwealth Bank has reported a record $10.16 billion profit and will lift its dividend even as it sees increased risks from cost of living rises and high interest rates. On Wednesday, CBA’s chief executive Matt Comyn said […]