FINANCE
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Kohl’s shares plummet as sales drop, guidance widely miss estimates amid turnaround efforts
Kohl’s (KSS) comeback attempt is falling flat as the department store chain reported fourth quarter results that showed steep drops. On Tuesday before market open, Kohl’s reported that Q4 revenue and same-store sales declined 9.4% and 6.7% year over year, respectively. Adjusted earnings per share came in at $0.95, compared to $1.67 in the year-ago period. Its 2025 outlook was…
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Stocks of McDonald’s and other fast food giants rise, but challenges from Trump tariffs loom
President Trump’s tariffs are throwing a wrench in fast food giants’ plans as the industry continues to struggle with rising costs and lower foot traffic. However, jittery investors may be looking toward value chains that could win over budget-conscious diners. On Friday, shares of McDonald’s (MCD) hit a record high. Over the last week, its stock rose 5%, even as…
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How Global Markets Are Reacting to the Latest Tariff News
U.S. stocks stabilized after Commerce Secretary Howard Lutnick suggested the Trump administration could scale back tariffs on Canadian and Mexican goods, with an announcement expected as soon as this afternoon. Lutnick said Tuesday that Trump would “work something out” with the countries, with a compromise “somewhere in the middle” the likeliest outcome. He made similar comments early Wednesday. Source link
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Has CVS Health Stock Turned Things Around?
Last year, shares of healthcare company CVS Health (NYSE: CVS) crashed by more than 43%. The company struggled with rising medical costs and routinely missed earnings expectations. It also got a new CEO. Investors had many reasons to remain doubtful about its future. But recently, the company posted strong earnings numbers that actually came in better than expected. Under new…
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Tech Stocks Hit as Nvidia Fails to Ignite AI Rally: Markets Wrap
(Bloomberg) — Stocks churned as Nvidia Corp.’s results failed to revive the artificial-intelligence-rally that has powered the bull market. Most Read from Bloomberg Equities came well off session highs, with tech shares leading losses. The chipmaker at the heart of the AI boom erased earlier gains as its good-but-not-great numbers underwhelmed investors. The dollar rose as President Donald Trump said…
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Savings interest rates today, February 24, 2025 (Top rate at 4.50% APY)
The Federal Reserve cut the federal funds rate three times in 2024, which means deposit account rates are also on the decline. It’s more important than ever to ensure you’re earning the highest rate possible on your savings, and a high-yield savings account could be the solution. These accounts pay more interest than the typical savings account — as much…
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Stock markets may face correction, says Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Wall Street stocks could be facing a correction because of ructions in the options market, Goldman Sachs specialist Scott Rubner said in a Thursday note seen by Reuters on Friday. Roughly $2.7 trillion of U.S. stock market derivatives are due to expire on Friday, which if not exercised, will put pressure on stock markets…
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S&P 500 rises as Dow, Nasdaq wobble with Fed’s rate path in focus
Investors continue to be bullish on stocks. According to Bank of America’s latest fund manager survey released on Tuesday, cash levels have fallen to 15-year lows as traders double down on equities. “Long Magnificent 7” remains the most crowded trade, according to 56% of respondents, followed by the US dollar and crypto. But Big Tech hasn’t entirely been the bright…
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Lexus, Buick top J.D. Power’s latest car dependability survey, with Volkswagen, Chrysler lagging behind
Lexus again tops the ranks of J.D. Power’s newest vehicle dependability survey (VDS), but car owners overall are making more complaints as vehicles get more and more complex. The 2025 J.D. Power VDS, now in its 36th year, covers 184 specific problem areas across vehicle categories, like infotainment systems, diver assistance tech, powertrain, and interior and exterior features, across the…
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Best money market account rates today, February 12, 2025 (up to 4.75% APY)
As interest rates begin to fall following the Fed’s recent rate cuts, it’s more important than ever to ensure you’re earning a competitive rate on your savings. One option you may want to consider is a money market account (MMA). These accounts are similar to savings accounts — they offer interest on your balance, but may also include a debit…
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