News

Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon

Walmart may just be a pit stop for high-income consumers.

Canada Goose jumps 16% after the company reports growth surge in China

Shares of Canada Goose soared 16% on Thursday after the apparel company reported better-than-expected revenue and earnings for its fiscal fourth quarter.

The Dow just hit 40,000. Here's a look at how it got here

The move comes as investors cheer the prospects of AI boosting corporate profits and the Federal Reserve possibly cutting rates later this year.

Stocks making biggest moves premarket: Under Armour, Walmart, AMC, GameStop, Canada Goose and more

These are some of the stocks posting the largest moves in premarket trading.

Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying

His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion.

Tesla's Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000

Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's Model Y.

GameStop, AMC decline as meme stock rally fizzles after just two days

GameStop and AMC shares fell as the meme stock trading frenzy showed signs of fizzling early on its third day.

China's economy reveals pockets of softness. Here's what to watch ahead of Friday's data

As China's economy moves into the second quarter of the year, a few indicators are raising expectations for monetary policy easing.

Powell says inflation has been higher than thought and expects rates to hold steady

Federal Reserve Chair Jerome Powell speaks Tuesday to the Foreign Bankers' Association in Amsterdam.

Watch Fed Chair Jerome Powell speak live to bankers group in Amsterdam

Federal Reserve Chair Jerome Powell speaks Tuesday to the annual general meeting of the Foreign Bankers' Association in Amsterdam.

AMC raises $250 million in stock sale during meme rally, shares still up 90% in premarket

On Monday, movie theater operator AMC sold 72.5 million shares in an at-the-market equity offering.

Fintech firm Klarna says 90% of its employees are using generative AI daily

"Buy now, pay later" firm Klarna says generative AI has seen substantially high adoption among its 5,000-strong workforce.
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