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Affirm shares drop 13% on weak forecast, concerns over CEO’s bet on 0% loans
Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Drew Angerer | Getty Images Affirm shares plunged on Friday after the fintech company issued a weak forecast, and investors questioned CEO […]
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Why Target is losing out against competitors Walmart and Costco
Retailer Target is under pressure on multiple fronts: it’s facing pushback after rolling back its diversity, equity and inclusion initiatives; it’s fighting off stiffer competition from nimble competitors like Amazon; and the company has higher exposure to a decline in consumer spending amid inflation and tariff volatility than rivals like Walmart and Costco. Target’s decision […]
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Dollar General is one of the best stock performers of Trump’s first 100 days
The Dollar General in Snow Hill, Maryland on April 2, 2024. Deb Lindsey | The Washington Post | Getty Images Dollar General is among the best-performing stocks in the first 100 days of President Donald Trump’s second term. Since Trump’s Jan. 20 inauguration, shares of the discount retailer have soared more than 36% as of […]
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Inside the $1 billion berry startup backed by Ray Dalio’s family office
Sales of Fruitist’s jumbo blueberries have tripled over the last 12 months, according to the company. Source: Fruitist Berry unicorn startup Fruitist has surpassed $400 million in annual sales, thanks to the success of its long-lasting jumbo blueberries. The company, which was founded in 2012, announced on Tuesday that it is changing its name from […]
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Target CEO Cornell to meet with Sharpton to discuss DEI rollback as civil rights leader considers boycott
People walk past Target Store in Midtown Manhattan on March 6, 2025 in New York City, United States. Mostafa Bassim | Anadolu | Getty Images Target CEO Brian Cornell will meet with the Rev. Al Sharpton this week in New York as the retailer faces calls for a boycott and a slowdown in foot traffic […]
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As warehouse clubs boom, Walmart-owned Sam’s Club plans to open 15 stores per year
Sam’s Club is opening a store in the Dallas area that will require customers to go all digital. Shoppers will use a smartphone app to scan and pay for their own purchases rather than standing in a checkout lane. Sam’s Club DALLAS, Texas — Walmart-owned Sam’s Club plans to supercharge its expansion by opening about […]
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Robinhood CEO sees Amazon-like subscription model as path to ‘loyalty’ in financial services
Robinhood CEO Vlad Tenev is betting that by rolling out a large enough portfolio of digital investment products, more consumers will be willing to pay a monthly subscription for its product suite. Subscribers to Robinhood Gold pay $5 a month or $50 a year for perks like 4% interest on uninvested cash, access to professional […]
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Oppenheimer’s best stock picks heading into April
Oppenheimer’s research group has a fresh list of top stock ideas that it expects to outperform over the coming year based on each company’s fundamentals and “in the context of current market conditions.” It’s getting harder for investors to find upward momentum as stocks pull back amid trade and tariff tensions, recession fears and a […]
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Here are the most oversold stocks due for a technical bounce after another tough week
Following another difficult week for the markets, certain stocks are showing oversold signals, meaning they may be due for a comeback. Fears of a recession and tariff uncertainty continued to pressure stocks. The S & P 500 and the 30-stock Dow Jones Industrial Average eked out narrow gains on Friday, while the Nasdaq Composite rose […]
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After such a relentless market correction, the relief rally faces a high burden of proof
It felt better, but did it mean anything? Friday’s zippy 2.1% bounce in the S & P 500 , at minimum, interrupted one of the more relentless retrenchments from a record high Wall Street had seen. The index took a mere three weeks and a day to fall just over 10% from its peak on […]
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