Goldman raises its S&P 500 year-end forecast. It’s for one simple reason
The bank raised its year-end S&P 500 target to 8,000 from 7,600 because of expectations for booming earnings growth.
Amazon starts selling its AI shopping technology to other retailers
Amazon said it’s already signed up Kate Spade as a customer for its AI shopping technology.
U.S. oil falls below $90 on report Iran agreement would restore Hormuz traffic in one month
U.S. crude oil prices fell about 5% Wednesday on a report Iran would restore traffic through the Strait of Hormuz as part of a framework deal with the U.S.
Lululemon settles proxy battle with founder Chip Wilson, agrees to two board nominees
Lululemon has been battling with founder Chip Wilson since December, as he says the company has lost its strategic vision and needs a new board of directors.
Foot Locker returns to growth but weighs on Dick’s Sporting Goods as earnings miss
Since acquiring Foot Locker, Dick’s Sporting Goods sales have surged, but its profitability has taken a hit given the high costs of the brand’s turnaround.
Mortgage refinance demand drops 18% as rates hit highest level since August
Mortgage rates rose to the highest level in 9 months, hitting refinance demand hardest. Homebuyers also pulled back but were still more active than last year.
New bull market in software stocks hinges on this report
Options traders are convinced the “SAAS-pocalypse” is over. Whether that’s true will likely depend on the market’s reaction to one earnings report Wednesday.
Republicans stare down inflation abyss with midterms fast approaching
Republicans are struggling to find a clear message to battle high prices as President Trump pushes for funding for a White House ballroom.
BP’s ousted chairman Albert Manifold disputes accusations over his conduct
Former BP Chairman Albert Manifold has pushed back against accusations over his conduct following his shock departure from the British energy major.
Russia to allow its central bank to down drones as Moscow struggles to defend against attacks
Russia’s State Duma has passed a law allowing certain financial institutions to operate anti-drone defense systems after attacks on its territory.