Shares of Rover Group Inc. ROVR, +28.94% rocketed 27.1% in premarket trading, putting them on track for a record one-day gain, after the online pet-care marketplace announced an agreement to be acquired…
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Mulberry Calls for Return of Tax-Free Shopping to Tackle Dampened Consumer Sentiment — Update
By Michael Susin Mulberry Group urged policy makers to reinstate tax-free shopping in the U.K. in order to counter a deteriorating macroeconomic backdrop and the knock-on effect on consumer sentiment, as it…
Traders price in almost 78% chance that Fed will cut rates by May
Fed funds futures traders are lifting the likelihood of at least a quarter-point rate cut from the U.S. central bank by May, driven by optimism that inflation will continue to fall. That…
Remy Cointreau 1H Sales EUR636.7M
By Andrea Figueras Remy Cointreau posted a reject in sales and earnings for the first half of fiscal 2024 due to high inventories and rising interest rates in the U.S. market. The…
: 2-year Treasury yield falls below 4.6% and is on track for lowest level since at least July
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JPMorgan’s Jamie Dimon sees smaller chance of a soft landing than others
JPMorgan Chase & Co. Chief Executive Jamie Dimon said Wednesday he’s less certain than others that the U.S. economy may have a soft landing and avoid a recession. The JPMorgan JPM, +0.51%…
U.S. oil futures settle at a 2-week high ahead of OPEC+ output decision
U.S. oil futures settled at their highest in about two weeks Wednesday, ahead of Thursday’s much-anticipated OPEC+ decision on oil output. “Uncertainty has gripped the market since the group failed to accomplish…
Bob Iger says he ‘was not seeking to return’ as Disney CEO
““I was disappointed in what I was seeing while I was out. I was not the only one who had concerns about [Bob] Chapek. So was the board.”” — Bob Iger That’s…
Stocks end mostly lower, but head for big monthly gains
Stocks ended mostly a shade lower on Wednesday, but remained on track for the biggest monthly gains of 2023. The Dow Jones Industrial Average DJIA, +0.04% eked out a gain of around…
Tesla’s stock fought the downtrend and the downtrend won, for now
Shares of Tesla Inc. climbed enough Wednesday to evaluate a key chart level, but then pulled back as bulls failed to make any progress. That failure means the downtrend, that has kept…