The U.S. retail industry will face another blow with an expected drop in Halloween spending, adding to the woes of debt-laden retailers struggling with higher overheads and a consumer shift toward cheaper products. What happened: According to a recent report by Bloomberg, the National Retail Federation forecasts a 5% decline …
Shares of Chinese companies listed in the United States gave up gains last week on weakness. Chinese planning officials reportedly missed investors' stimulus expectations, triggering a drop after two straight weeks of gains. These eleven large-cap stocks were the worst performers in the last week. Are they in your wallet? …
Tesla Inc. TSLA Shares fell 10% after a less-than-stellar robotaxi reveal event on Friday that failed to surprise Wall Street. What happened:Tesla CEO Elon Musk revealed on Friday the company's vision for the future, which includes two-seat Cybercabs that operate without human intervention. In particular, these vehicles are designed without …
Jaime Dimonexecutive director of JPMorgan Chase & Co. JPMissued a stark warning about the challenges that could affect the US economy. What happened: In the bank's third-quarter earnings release, Dimon highlighted several critical global risks that could disrupt both economic and geopolitical stability. Dimon, who runs the country's largest bank, …
Benzinga examined the outlook for many investors' favorite stocks over the past week; Here we present some of our top stories. The S&P 500 and Dow Jones Industrial Average hit new all-time highs this week, boosted by a strong start to the third-quarter earnings season. The S&P 500 and Nasdaq …
For the first time in three years, capital raisings in the cannabis sector increased, according to Frank Colombo, general director of data analysis and investment banking at Viridian Capital Advisors. Colombo provided an overview of capital raising trends in the space on Tuesday at the Benzinga's Cannabis Capital Lecture. He …
The S&P 500 and Dow Jones Industrial Average hit all-time highs this week. A strong start to the third-quarter earnings season boosted both indexes, offsetting concerns about last month's unexpected rise in inflation. JPMorgan Chase & Co. JPM, Wells Fargo & Co. CFM, Bank of New York Mellon Corp. bk …
vice president Kamala Harris'the campaign received $1 million in XRP XRP/USD from the co-founder of Ripple Chris Larsen. What happened: Federal Electoral Commission (FEC) filings show Larsen donated $1 million in XRP cryptocurrency (in kind 1.7 million XRP) to the Future Forward USA PAC on August 14. The political action …
Tesla Inc.'s TSLA recent “We, Robot” event, which showed the Cybertaxi and RoboVanleft many wondering how this could affect the ridesharing space. If it weren't for Uber Technologies Inc. UBER For investors, the consensus among analysts appears to be that while Tesla's autonomous vehicle (AV) ambitions are bold, the near-term …
Friday's trading session saw another strong rally on Wall Street, with the S&P 500 and Dow Jones Industrial Average hitting new all-time highs, boosted by better-than-expected third-quarter earnings from major U.S. banks. The S&P 500 surpassed 5,800 points, while the Dow Jones Industrial Average surpassed 42,800. Leading the charge were …