Stitch Fix and ThredUp shares hit hard amid ambitious transitions
With clothing demand still muted, online styling service Stitch Fix Inc. on Monday said it was trying to become a more “fun” destination for customers, while online second-hand shop ThredUp Inc. has been trying to make a bigger push into consignment sales. But both companies said those ambitions would take time to realize, and their […]
Loyalty, pricier tickets will drive revenue
A Boeing 737 passenger aircraft of American Airlines arrives from Austin at JFK International Airport in New York as the Manhattan skyline looms in the background on February 7, 2024. Charly Triballeau | Afp | Getty Images American Airlines said Monday that 80% of its revenue this year will come from loyalty program members and […]
Some NYCB deposits may be at risk after another Moody’s downgrade
A sign is pictured above a branch of New York Community Bank in Yonkers, New York, on Jan. 31, 2024. Mike Segar | Reuters Regional lender New York Community Bank may have to pay more to retain deposits after one of the company’s key ratings was slashed for the second time in a month. Late Friday, […]
Dow Jones ends lower as investors await Powell testimony
U.S. stocks ended lower on Monday, pausing a rally after the S&P 500 logged its 16th winning week out of the last 18 and investors awaited a busy week that features congressional testimony by Federal Reserve Chair Jerome Powell and all-important jobs data. What happened The Dow Jones Industrial Average DJIA closed 0.3% lower, according […]
American Airlines orders hundreds of planes from Boeing, Airbus, Embraer
American Airlines flight 718, a Boeing 737 Max, takes of from Miami International Airport on its way to New York on December 29, 2020 in Miami, Florida. Joe Raedle | Getty Images American Airlines said Monday it is ordering 260 new narrow-body jets, including dozens of Boeing’s long-delayed 737 Max 10. The order includes 85 […]
Super Micro’s stock is a clear ‘AI winner,’ but here’s why Goldman is cautious
Super Micro Computer Inc. is a proven “AI winner” according to Goldman Sachs analyst Michael Ng, but that doesn’t necessarily mean you should buy the stock. With the shares up nearly 1,000% since the start of 2023, they’re “fairly valued,” in Ng’s view. He initiated coverage of Super Micro’s stock SMCI, +24.61% with a neutral […]
JetBlue-Spirit Airlines merger called off
A JetBlue Airways plane sits on the tarmac at the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida. Joe Raedle | Getty Images JetBlue Airways and Spirit Airlines on Monday said they are ending their agreement to merge, weeks after losing a federal antitrust lawsuit that challenged the deal. The CEOs of […]
Traders will be looking for subtle signs of shift at ECB meeting
Christine Lagarde is expected to give little away at the European Central Bank’s upcoming monetary policy meeting in Frankfurt this Thursday meaning markets will be left looking for subtle signs of the bank’s intentions as investors are increasingly pricing in cuts for June. The bank will almost certainly keep interest rates unchanged at 4%, having […]
What to stream in March 2024: Taylor Swift, ‘3 Body Problem,’ ‘Shōgun’ are tops
Big names, big budgets and big events are on tap for March’s streaming calendar. However you look at it — from Kate Winslet’s steely glare to Jake Gyllenhaal’s ripped abs; from Netflix’s $160 million series “3 Body Problem” to Apple’s $200 million movie “Napoleon”; or from “Taylor Swift: The Eras Tour” to March Madness — […]
What to stream in March 2024: Taylor Swift, ‘3 Body Problem,’ ‘Shōgun’ are tops
Big names, big budgets and big events are on tap for March’s streaming calendar. However you look at it — from Kate Winslet’s steely glare to Jake Gyllenhaal’s ripped abs; from Netflix’s $160 million series “3 Body Problem” to Apple’s $200 million movie “Napoleon”; or from “Taylor Swift: The Eras Tour” to March Madness — […]
