Business
Taylor Swift tour ticket fiasco leads to calls for Ticketmaster and Live Nation to break up
Taylor Swift accepts an award onstage during the MTV Europe Music Awards 2022 held at PSD Bank Dome on November 13, 2022 in Duesseldorf, Germany. Jeff Kravitz | Filmmagic | Getty Images There’s something about Taylor Swift and breakups. Activists and lawmakers are renewing calls to split Ticketmaster and Live Nation after a fiasco over […]
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Sharp drop in mortgage rates does little to boost demand
A home for sale in the Mission Hills area of Los Angeles Tuesday, Oct. 11, 2022 in Mission Hills, CA. Brian Van Der Brug | Los Angeles Times | Getty Images Mortgage application volume rose 2.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. An additional adjustment […]
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TJX hits an all-time high as reason we own off-price retailer played out in the quarter
Club holding TJX Companies (TJX) reported stronger-than-expected fiscal third-quarter 2023 earnings and U.S. sales before the opening bell Wednesday, boosting shares of the off-price retailer by nearly 4% to an all-time high. The inventory glut at full-price chains played out as we had expected, proving to be a boon to TJX, whose brands include T.J. […]
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Analysts see one retailer winning this holiday and taking share as Target struggles
In the battle for the consumer, Walmart has emerged as a clear winner with Wall Street analysts. The big-box retailer’s sales for the fiscal third quarter rose by nearly 9% and its earnings per share came in at $1.50, compared with the $1.32 expected by analysts polled by Refinitiv. In comparison, Target reported an earnings […]
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Here’s why Home Depot and Lowe’s are booming in a housing market bust
A home improvement contractor works on a house in Cambridge, Massachusetts. Suzanne Kreiter | The Boston Globe | Getty Images As the U.S. housing market falls hard from its pandemic-driven highs, home improvement retailers like Home Depot and Lowe’s don’t seem to be feeling the same pain. In fact, they’re faring better than expected. While […]
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Goldman Sachs says this plastic packaging stock looks attractive and can rally 34%
Shares of plastic packaging firm Berry Global Group are attractive and can rally more than 30% from here, according to Goldman Sachs. Analyst Adam Samuelson raised his price target on Berry Global Group, while maintaining a buy rating on the stock, saying shares continue to remain attractive on the strength of the company’s free cash […]
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The four-day workweek is new standard for 40% of companies, EY survey finds
A man walks on Wall St. during the morning commute, as the city deals with record temperatures and the excessive heat, in New York, July 20, 2022. Brendan McDermid | Reuters A cooling economy, rising mortgage rates and mass layoffs have done little to dampen executive demand for expanded office presence and increased flexibility for […]
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Homebuilder sentiment drops to a decade low, as builders add more incentives
Contractors work on concrete slabs in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images Homebuilder sentiment in the single-family housing market fell to the lowest level in a decade in November, as builders continue to struggle with […]
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Goldman Sachs says insurance stock Lincoln National is a buy that can jump almost 35%
Shares of life insurance company Lincoln National are a buying opportunity that can jump more than 30% from Tuesday’s close, according to Goldman Sachs. Analyst Alex Scott upgraded shares of Lincoln National to buy from neutral, saying the company will be able to bounce back from an outsized charge that recently shook investor confidence in […]
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JetBlue plans Paris flights next summer in trans-Atlantic expansion
A JetBlue Airways Corp. Airbus A321 plane sits at a gate outside of Terminal 5 at John F. Kennedy International Airport (JFK) in New York, U.S., on Wednesday, July 12, 2017. Jetblue Airways Corp. is scheduled to release earnings figures on July 25. Photographer: Mark Kauzlarich/Bloomberg via Getty Images Mark Kauzlarich | Bloomberg | Getty […]
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