The U.S. dollar’s surge versus major counterparts after last week’s jaw-dropping employment data is likely to fade, according to bearish market strategists.
Earnings Results: Michael Kors parent Capri’s stock slides 27% after profit misses by a wide margin amid wholesale struggles
Growth in its own retail channel was healthy, but orders from department stores for Michael Kors products in particular were weak.
Cannabis Watch: Canopy Growth lays off 800 as its slashes spending and posts wider-than-expected loss
CEO David Klein says ‘changes are difficult but necessary to drive our business to profitability and growth’
The Ratings Game: Disney is undergoing a ‘drastic evolution’ in streaming, and more changes could be afoot
Efficiency themes have been winning the day on Wall Street, and Disney CEO Bob Iger is garnering praise for bringing more discipline to the media giant
The Wall Street Journal: Standard Chartered stock soars on report of revived bid interest
Standard Chartered’s stock soared Thursday, buoyed by a report that First Abu Dhabi Bank is again preparing a potential offer for the London-based lender after putting previous plans on hold.
Need to Know: Believe the hype? Morgan Stanley says AI chatbots will have more staying power than meme and pot stocks
Our call of the day from Morgan Stanley says investors should seriously consider the potential of what some see as the next big thing –ChatGPT .
Futures Movers: Oil prices finish lower after a 3-session climb
Oil futures finish lower on Thursday, easing back in the wake of three consecutive session gains.
: Deutsche Bank says there’s a 90% chance of recession. But if not, S&P 500 can get to 5,000
Deutsche Bank still says there’s a 90% chance of a U.S. recession this year.
Market Snapshot: Dow ends down 250 points as bond yields rise with earnings mixed
U.S. stocks end lower on Thursday, logging back-to-back losses after failing to hold onto early gains, as investors confronted rising bond yields rose while reassessing some better-than-expected corporate earnings reports.
Beth Pinsker: My mother has to go into a nursing home. How do I get her the care she needs?
Here’s what you can do when Medicare’s definition of what’s ‘medically necessary’ means less time than you think.