Year: 2023
A slowdown in denim demand could spell trouble for Levi Strauss, Citi says in downgrade
Weaker demand for denim products could prove a major headwind for shares of Levi Strauss in the near future, according to Citigroup. Analyst Paul Lejuez downgraded the jeans maker to neutral from a buy rating, citing comments from other management teams indicating a slowdown in denim trends that began during the back-to-school season and persisted […]
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Stocks making the biggest moves premarket: CarMax, Salesforce, Coinbase and more
In this article LUV COIN WFC Follow your favorite stocksCREATE FREE ACCOUNT Bloomberg | Getty Images Check out the companies making headlines in premarket trading. CarMax — Shares of the used car seller slid 4.8% after JPMorgan downgraded them to underweight, saying investors aren’t fully pricing in the risks surrounding the company and hope for […]
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FAA orders airways to pause departures just after technique outage
Shannon Stapleton | Reuters Hundreds of U.S. flights were being delayed Wednesday early morning after the Federal Aviation Administration experienced an outage of the method that sends messages to pilots. The FAA reported on its site that domestic departures would be paused right until 9:30 a.m. ET. The company claimed it was operating to restore […]
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Bernstein downgrades Salesforce, says inventory could fall almost 20% as it enters a ‘growth purgatory’
Salesforce is slipping into a “expansion purgatory,” and it may well have some problems clawing its way out, in accordance to Bernstein. Analyst Mark Moerdler downgraded the software program huge to underperform from marketplace conduct, saying that shares look overpriced presented the firm’s lessen margins and top quality earnings when compared to peers. “Salesforce’s expansion […]
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How to nominate a organization for CNBC’s 2023 Disruptor 50 checklist
CNBC is now accepting nominations for the 2023 Disruptor 50 list — our annual search at the most impressive enterprise-backed firms working with breakthrough technological know-how to fulfill growing financial and client difficulties. The deadline for submissions is Friday, Feb. 17 at 11:59 pm EST. All independent, privately-owned businesses launched immediately after Jan. 1, 2008, […]
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Mortgage refinance demand surges, as homeowners take advantage of lower interest rates
A sign advertising home loan rates for purchase or refinancing at a Bank of America in New York. Scott Mlyn | CNBC After rising at the end of the year, mortgage rates dropped sharply last week. That drove demand from current homeowners hoping to save on their monthly payments, but it did little to excite […]
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5 things to know before the stock market opens Wednesday
Tech stocks on display at the Nasdaq. Peter Kramer | CNBC Here are the most important news items that investors need to start their trading day: 1. The Nasdaq is warming up There are still plenty of data dumps and reports ahead that could put the chill on stocks. But for now, U.S. equities markets […]
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Major central bankers dispute purpose in tackling weather improve as they battle inflation
Federal Reserve Board Chairman Jerome Powell retains a news meeting following the announcement that the Federal Reserve elevated fascination rates by half a proportion point, at the Federal Reserve Creating in Washington, U.S., December 14, 2022. Evelyn Hockstein | Reuters LONDON — Divisions are forming among the the world’s most influential central banking companies above […]
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The West’s oil war versus Russia is starting up to acquire its toll — sparking phone calls for harder steps
European countries have been scrambling to uncover choice resources of oil and fuel pursuing Russia’s total-scale invasion of Ukraine in Feb. 2021. Bloomberg | Bloomberg | Getty Illustrations or photos Russia’s revenues from fossil gasoline exports collapsed in December, according to a new report, significantly hampering President Vladimir Putin’s ability to finance the war in […]
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Prince Harry memoir breaks UK sales records and tops Amazon bestseller lists
Prince Harry’s memoir “Spare” became the fastest selling non-fiction book ever in the U.K. on its release day, its publisher said Tuesday. Chris Jackson / Staff / Getty Images LONDON — Prince Harry’s memoir “Spare” has become the fastest selling non-fiction book ever in the U.K., according to its publisher. After the book’s official release Tuesday, […]
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