Kohl’s faced a significant blow as its shares dropped by more than 20% in premarket trading following the release of its first quarter financial results. The market was taken by surprise as the company reported a loss per share instead of the expected profit. This unexpected turn of events put the company’s performance in sharp
Art
The commodity market is facing challenges in maintaining its upward momentum, frequently experiencing sell-offs. Recent data shows that the price of Brent crude oil dropped to 83.60 USD per barrel, indicating a decline. This fall in prices can be attributed to various factors such as expectations surrounding lending costs and the possibility of high interest
The Euro is currently facing a period of consolidation as a result of a sharp decline on Wednesday, marking its biggest daily loss since April 30. This decline was largely driven by fresh risk aversion in the market, leading to a cautious approach among investors. Despite finding support at the key level of 1.0790/80, which
The CEO of Swedish fintech startup Trustly, Johan Tjarnberg, recently discussed the company’s decision to delay its initial public offering (IPO) despite a 51% increase in operating profit. Tjarnberg revealed that Trustly intends to wait another year or two before going public to demonstrate the value of its open banking technology to potential investors. He
Upon analyzing the daily chart of the VanEck Semiconductor ETF (SMH), it is evident that the function is trending with an impulsive mode and motive structure. The position of Minor wave 5 indicates an upside movement in the near future. This analysis highlights the potential for a wave {iv} of 5 to initiate a sideways
The US economy saw a significant slowdown in growth during Q1 2024, with an expansion rate of only 1.3% compared to 3.4% in the previous quarter. In addition, initial jobless claims are expected to rise slightly from 215k to 218k by the end of May. These numbers indicate a potential shift in economic momentum, which
The recent rise in U.S. and global bond yields is causing turmoil in Asian markets, with investors feeling the effects of a strengthening dollar and tighter financial conditions. The lack of significant economic data and events in Asia on Thursday has left market participants to contemplate the implications of this trend, leading to a decline
Renowned short seller Jim Chanos has vehemently denied the accusations brought against him in a recent lawsuit. He referred to the claims as “false, baseless and defamatory” in a statement given to CNBC. The lawsuit, filed by Conlon Holdings, a Chicago-based firm headed by Sean Conlon, alleged that Chanos had used his company as a
The outlook for British home prices is a topic of much discussion among housing market specialists. According to a recent poll conducted by Reuters, experts anticipate a modest rise in home prices this year. The projected 1.8% increase for 2024 is expected to outpace overall inflation, indicating a positive trend in the housing market. This
The preliminary data on inflation in three German states in May indicates some interesting trends. While the inflation rate increased in North Rhine-Westphalia, Bavaria, and Saxony, it declined in Brandenburg. This mixed picture suggests that there are regional variations in price growth within the country. It will be crucial to monitor the national inflation data
While clean energy stocks may be facing challenges in the public market, the private market is showing a great appetite for companies focused on decarbonization. Clean Energy Ventures recently raised $305 million for its second fund, exceeding the initial target of $200 million. Limited partners like The Grantham Foundation and Builders Vision showed strong interest,
The recent release of Australian economic data has had a notable impact on the AUD/USD pair, pushing it up to 0.6650. The consumer price index (CPI) in Australia accelerated to 3.6% year-on-year in April, showing a slight increase from the previous month. This rise in inflation has raised questions about the Reserve Bank of Australia’s
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