Family Dollar recalls dozens of P&G, J&J, Colgate products in 23 states
Family Dollar voluntarily recalled dozens of over-the-counter drugs, products and medical devices sold at its stores because they had been stored at improper temperatures, according to the Food and Drug Administration late Tuesday. On the FDA’s website, the regulator said products affected by the recall were stored “outside of labeled temperature requirements by Family Dollar […]
Birkenstock expects to price IPO at $46 per share
Birkenstock models stand in a retail store of the shoe manufacturer. The company plans to go public in New York. Sebastian Christoph Gollnow | Picture Alliance | Getty Images Birkenstock, the longtime German shoe brand known for its comfy and durable styles, is expected to price its IPO at $46 per share on Tuesday, giving […]
Taylor Swift Eras Tour film: What to expect
Taylor Swift performs onstage for the opening night of her The Eras Tour at State Farm Stadium in Glendale, Arizona, on March 17, 2023. Kevin Winter | Getty Images Take us to church, Taylor. Starting Friday, Taylor Swift’s The Eras Tour film arrives in theaters, and with it comes a certain expectation of exuberance from […]
Treasury yields plunge as market sees prospect of no more Fed rate hikes
Treasury yields continued to move sharply lower into Tuesday afternoon trading, as fed funds futures traders priced in a high likelihood that the Federal Reserve may not raise interest rates again. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y slipped 12.8 basis points to 4.949% from 5.077% on Friday. It was headed for its […]
Nike, American Eagle, Lululemon among favorite brands for teens: Survey
A customer shops at the Nike store on December 21, 2021 in Miami Beach, Florida. Joe Raedle | Getty Images Teens are a notoriously fickle bunch — but the group is also often on the leading edge of many trends the rest of us eventually adopt. In many ways, the cohort’s spending habits reflect those […]
Momentum traders set to buy the S&P 500 ‘in every scenario,’ says Goldman Sachs
Stocks are pointing to more gains, as yields go tumbling. Reopening after a holiday, bonds are rallying in part due to haven seeking after Hamas’ deadly attacks on Israel. But also, two Fed officials talked down interest rate hikes on Monday — more speakers are ahead for Tuesday. Investors, especially oil traders, will obviously be […]
PepsiCo (PEP) Q3 2023 earnings
Pepsi products at a convenience store in Crockett, California, US, on Friday, June 16, 2023. David Paul Morris | Bloomberg | Getty Images PepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations and raised its outlook for its full-year earnings. Shares of the company rose 2% in premarket trading. Here’s what the company reported […]
Believer’ faces competition from Taylor Swift Eras film
Scene from the upcoming film: The Exorcist: Believer. Universal Studios “The Exorcist: Believer” possessed the box office during its opening weekend, but industry experts wonder if it will continue to turn heads in the weeks to come. The Universal and Blumhouse collaboration, the first of three planned films, tallied $26.5 million during its debut, making […]
Believer’ faces competition from Taylor Swift Eras film
Scene from the upcoming film: The Exorcist: Believer. Universal Studios “The Exorcist: Believer” possessed the box office during its opening weekend, but industry experts wonder if it will continue to turn heads in the weeks to come. The Universal and Blumhouse collaboration, the first of three planned films, tallied $26.5 million during its debut, making […]
Imax praised as a ‘box office triumph’ as Benchmark boosts price target to $24
Benchmark raised its Imax Corp. IMAX, -1.87% price target to $24 from $23 Monday, citing the company’s better-than-expected box office performance. “IMAX’s global box office (GBO) for 3Q significantly exceeded our estimate, generating $347M, compared to our projected $237M,” wrote Benchmark analyst Mike Hickey, in a note released Monday. “The GBO achieved a remarkable 141% […]
