Analysts at Barclays on Wednesday said that Urban Outfitters Inc. is “among the best positioned” clothing chains as consumer demand wavers.
In One Chart: Japanese stocks are at a 33-year high. Buffett is buying in. But the rally may be just a function of a weak yen, one analyst says.
The rally that propelled Japanese stocks to the highest level in nearly 33 years is a direct result of renewed weakness in Japanese yen, said a strategist at RBC Capital Markets.
: Before Tina Turner died at 83, she gave us these 5 retirement lessons
The music legend died this week at her home in Switzerland.
The Fed: ‘Several’ Fed officials said more rate hikes may not be needed and other key takeaways from May minutes
Several Fed officials at the May meeting said that further interest rate hikes may not be needed, minutes of the meeting released Wednesday showed.
Futures Movers: Oil prices end at a more than 3-week high after this year’s largest weekly drop in U.S. inventories
Oil futures finish at their highest in more than three weeks on Wednesday, finding support after U.S. government data show a more than 12 million-barrel weekly drop in crude inventories.
: Consumer packaged food companies keep raising prices, ‘and Walmart is sick of it,’ says analyst
Consumer packaged food companies that have been steadily increasing prices to combat inflation may be facing a formidable opponent, according to a new report.
Key Words: ‘There is no other China, there is only one China’: Nvidia CEO warns of ‘enormous damage’ if China chip war escalates.
“If we are deprived of the Chinese market, we don’t have a contingency for that,” Nvidia CEO Jensen Huang said recently.
: Citi to pursue IPO of Banamex business, resume ‘modest level’ of stock repurchases
Citigroup said Wednesday it will pursue an IPO of its “Banamex” consumer, small business and middle-market banking operations in Mexico.
: Meta begins third round of layoffs: reports
Meta Platforms Inc. has started to execute on its latest round of layoffs, according to reports.
Metals Stocks: Gold slightly higher after streak of losses as U.S. debt-ceiling impasse boosts demand
Gold prices recovered a little ground on Wednesday as the impasse over the U.S. debt-ceiling in Washington boosted demand for safe havens following the yellow metal’s worst weekly selloff since February last week.
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