Lululemon to launch first men’s footwear line
Canadian sportswear clothing band, Lululemon store in Hong Kong. Budrul Chukrut | Lightrocket | Getty Images Lululemon is launching its first men’s footwear line and casual sneaker as the retailer looks for new avenues of growth in the increasingly crowded athletic apparel space, the company announced Thursday. The retailer is debuting its first casual sneaker, […]
Shares of China’s Landsea Green rise on plan to buy Texas homebuilder for $185 million
Shares of Chinese developer Landsea Green Management 106, +40.68% rose after the company said its Nasdaq-listed unit will buy a Texas homebuilder for $185 million. Shares were up 19% in early Hong Kong trading Friday, lifting the stock into the green for the year. Landsea Green said ahead of trading that its Landsea Homes subsidiary […]
Small business optimism rises despite inflation: Goldman Sachs survey
U.S. President Joe Biden speaks during a Rose Garden event at the White House to mark National Small Business Week on May 1, 2023 in Washington, DC. Alex Wong | Getty Images Small business owners are more optimistic to start the year, even as they face persistent inflation and lending concerns, a new poll released […]
Intel shares dip after report of delayed opening for massive Ohio chip factory
Shares of Intel Corp. slipped in extended trading Thursday after the Wall Street Journal reported that the start of production at the chip maker’s new $20 billion manufacturing plant in Ohio will be delayed by at least a year. Intel confirmed the report, saying it will not meet its “aggressive” goal of commencing production in […]
Merck (MRK) Q4 earnings report 2023
The logo for Merck & Co. is displayed on a screen at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. Andrew Kelly | Reuters Merck on Thursday reported fourth-quarter revenue and adjusted earnings that topped estimates as it saw strong demand for its blockbuster cancer drug Keytruda […]
Ferrari (RACE) Q4 2023 earnings
Car key for the Ferrari Purosangue SUV. Adam Jeffery | CNBC Luxury sports car manufacturer Ferrari topped Wall Street’s top- and bottom-line earnings expectations for the fourth quarter to finish off a record year of profits. The automaker reported a net profit of 1.26 billion euros, or $1.36 billion, for 2023, including 294 million euros, […]
Oil ends near two-week low on reported progress toward Israel-Hamas cease-fire deal
Oil futures fell Thursday, with U.S. and global benchmark prices settling at their lowest in almost two weeks. Tensions in the Middle East appeared to ease somewhat, with news reports that some progress is being made toward a cease-fire agreement between Israel and Hamas. Price moves West Texas Intermediate crude for March delivery CL00, -2.40% […]
(AS) starts trading on the NYSE
Wilson products at the Paragon Sports store in the Chelsea neighborhood of New York on Jan. 4, 2024. Jeenah Moon | Bloomberg | Getty Images Amer Sports, the Finnish athletic company behind the Wilson tennis racket and Arc’teryx, is set to start trading on the New York Stock Exchange on Thursday after raising about $1.37 […]
Treasury yields fall after weekly jobless claims data
Treasury yields broadly dropped Thursday morning after U.S. data showed some signs of possible softening in the labor market and as traders considered the possibility of a policy mistake by the Federal Reserve. Read: Markets anticipate threat of Fed ‘policy mistake’ after Powell pushes back on March rate cut What’s happening The yield on the […]
Peloton (PTON) earnings Q2 2024
Peloton managed to turn a gross profit off of its pricey connected fitness products for a second quarter in a row, but the company said Thursday it expects more challenges ahead after it failed to reach a number of goals CEO Barry McCarthy outlined a year ago. The retailer delivered mixed results for its holiday […]
