Foot Locker Stock Flops 27% on Weak Earnings, Loose Guidance Adds to Selloff
The shoe retailer keeps investors on their toes with a massive drop in earnings growth forecast to $2 a share…
Dollar steady as debt ceiling talks to resume
(Reuters) – The dollar was broadly steady on Monday, with U.S. debt ceiling negotiations set to resume and Federal Reserve…
PacWest Bancorp to sell real estate loans to Kennedy-Wilson unit
(Reuters) – Regional lender PacWest Bancorp said on Monday it had agreed to sell a portfolio of 74 real estate…
Morgan Stanley sees signals of panic buying in S&P 500, ongoing rally ‘a head fake’
Morgan Stanley equity strategists doubled down on their view that U.S. stocks are overvalued. In a regular weekly column published…
Ford signs battery material supply deals to charge up EV output
(Reuters) – Ford Motor Co on Monday unveiled three deals for the supply of lithium products, including lithium hydroxide, as…
India stocks higher at close of trade; Nifty 50 up 0.61%
India stocks were higher after the close on Monday, as gains in the IT, Technology and Green Energy sectors led shares higher. At the close…
California grid operator signs off on $7.3 billion of power lines
(Reuters) – California’s electric grid operator has approved a plan expected to cost $7.3 billion for 45 new power transmission…
Animal health body backs bird flu vaccination to avoid pandemic
(Reuters) – Governments should consider vaccinating poultry against bird flu, which has killed hundreds of millions of birds and infected…
Alberta wildfire fighters hope rain, cooling bring relief
(Reuters) – Alberta authorities hope cooler temperatures and showers forecast for the coming week will help firefighters battling blazes in…
Bank of America hikes year-end target for S&P 500 to 4300
Bank of America equity strategists lifted the year-end S&P 500 price target to 4300 from the prior 4000 to reflect updated target…