Stocks News

Costco earnings fall short amid reduced consumer spending, while Gap reports losses but progresses with margin improvement and cost-cutting.

Jobless claims in the US saw a moderate increase, while first-quarter GDP growth received an upward revision.

Best Buy’s Q1 sales fell due to weaker consumer electronics demand and cautious customer behavior amidst inflation and low confidence.

Nvidia surpasses Q1 revenue estimates, shares surge 15%, and optimistic Q2 forecast reflects growing AI chip demand.

Kohl’s stock skyrockets 12% in the pre-market session as the struggling retailer delivers an unexpected profit amidst turnaround efforts.

With the fragile state of the economy and historical context of past standoffs, policymakers must act urgently to protect the nation from a potential recession.

Walmart raised its full-year forecast, as fiscal first-quarter sales rose nearly 8%, grocery business thrived.

April sees decline in building permits, growth in single-family units; housing starts rise, completions decrease.

Target surpasses earnings expectations despite Q2 forecast, adapting to changing customer behavior with groceries and on-trend products.

April 2023 U.S. retail sales show positive trend, up 0.4% from previous month, with 1.6% year-over-year growth, signaling retail sector recovery.

Home Depot reports record revenue miss, lowers forecast amid delays. CFO expects moderation, cites rising rates and downsizing.

Manufacturing activity in New York State takes a hit with the general business conditions index dropping to -31.8, reflecting worsening conditions and diminished optimism.

US debt default risks recession, job losses, and global impact; Treasury Secretary warns of delays, credit downgrade; experts estimate fallout.

CPI rose 0.4% in April due to shelter; except food and energy, all items index rose 0.4%; energy index fell 5.1%, food index up 7.7%.

Airbnb beats analyst estimates in Q1, but its shares fall as much as 10% in extended trading due to its weaker-than-expected guidance for Q2.

The Fed says US banks are in good shape, but high commercial real estate valuations could lead to sizable correction if telework trend continues.

April’s nonfarm payroll employment and hourly earnings increased despite revised data, while select industries saw employment growth and stable unemployment.

Apple authorizes $90 billion in share repurchases and dividends after beating earnings expectations.

Euro area private sector PMI numbers drew interest this morning as investors prepare for the ECB monetary policy decision and press conference.

ADP reported the private sector added 296K jobs in April as employers aggressively hired while holding pay gains in check.