Microsoft Corp. employees leak compensation details through an anonymous spreadsheet as company battles Meta Platforms Inc. for artificial intelligence talent with multi-million dollar offers.
The financial markets are currently navigating a complex landscape, shaped by the latest releases of crucial economic indicators. The recently unveiled Federal Open Market Committee (FOMC) meeting minutes, coupled with the most recent figures on Building Permits and Housing Starts, have provided investors with a nuanced, and at times contradictory,
The artificial intelligence (AI) boom, which propelled tech stocks to unprecedented highs throughout late 2023 and early 2024, is now facing a significant reality check. A growing wave of skepticism regarding the sustainability of the AI frenzy, largely ignited by a recent MIT report highlighting limited returns on generative AI
The financial markets are currently gripped by a palpable unease, with investors and analysts alike holding their breath ahead of Federal Reserve Chair Jerome Powell's highly anticipated speech at the Jackson Hole Symposium. This annual gathering of central bankers, finance ministers, academics, and financial market participants is often a platform
The technology sector is currently experiencing a significant and persistent sell-off, dragging down major market indices like the Nasdaq Composite and S&P 500 for the second consecutive day. This downturn, particularly pronounced around August 19-20, 2025, has instilled a palpable sense of anxiety among investors, who are re-evaluating growth
Wall Street concluded August 20, 2025, with a decidedly mixed performance, reflecting a cautious investor sentiment ahead of key economic indicators and anticipated remarks from Federal Reserve Chair Jerome Powell. While the technology-heavy Nasdaq Composite and the broader S&P 500 experienced declines, the Dow Jones Industrial Average managed to
The financial markets are currently navigating a complex landscape characterized by historically elevated valuations, particularly within the U.S. equity market. While headline indices continue to reach new highs, a closer look reveals that these gains are increasingly concentrated in a select few mega-cap technology and growth stocks. This phenomenon
Shares of contemporary clothing brand Guess (NYSE:GES)
jumped 25.9% in the afternoon session after the company announced it has agreed to be taken private in a $1.4 billion deal. The transaction is a strategic partnership with Authentic Brands Group and a group of existing shareholders, including co-founders Maurice and Paul Marciano and CEO Carlos Alberini.
Shares of beauty products company Estée Lauder (NYSE:EL)
fell 4.9% in the afternoon session after the company reported a sharp decline in sales for its fourth quarter and provided a weaker-than-expected forecast for the upcoming fiscal year. Revenue for the quarter fell 11.9% year on year to $3.41 billion, meeting Wall Street’s expectations. However, other key metrics disappointed investors. While adjusted earnings of $0.09 per share met analyst estimates, it marked a significant drop from $0.64 in the same quarter last year. Furthermore, the company reported an adjusted EBITDA loss of $180 million, substantially missing analyst projections of a $318.8 million profit. Compounding the weak results, Estée Lauder issued guidance for its 2026 fiscal year with adjusted earnings per share expected to be between $1.90 and $2.10. The midpoint of this range is nearly 10% below the consensus analyst forecast, raising concerns about the company's profitability outlook.
Shares of general merchandise retailer Target (NYSE:TGT)
fell 7.6% in the afternoon session after the company reported mixed second quarter earnings. Traffic to its stores fell and gross margin slightly missed. Also, a new CEO was announced. On the other hand, revenue beat slightly, and full-year guidance was maintained. Overall, we think this was a mixed quarter. Investors were likely hoping for more, or were likely disappointed in the CEO announcement.
Shares of coconut water company The Vita Coco Company (NASDAQ:COCO)
jumped 6.3% in the afternoon session after an analyst at Piper Sandler upgraded the stock to 'Overweight' from 'Neutral'. The investment firm set a new price target of $39, representing a potential upside of 15% for investors. In its decision, Piper Sandler highlighted Vita Coco's robust ability to adapt its sourcing strategies to mitigate the impact of tariffs. This optimistic view from a Wall Street analyst signals growing confidence in the beverage company's financial resilience and future performance, which prompted a positive reaction from the market.
Shares of off-price retail company TJX (NYSE:TJX)
jumped 3.2% in the afternoon session after the company reported second-quarter results that surpassed Wall Street's expectations for both revenue and profit. The company's total revenue grew 6.9% year-over-year to $14.4 billion, beating analyst estimates. This performance was supported by a solid 4% increase in same-store sales, an industry metric that tracks sales at existing locations. Earnings per share came in at $1.10, which was 8.5% ahead of consensus forecasts. Despite the strong quarter, the company offered a mixed outlook. While its full-year earnings guidance was roughly in line with expectations, its revenue forecast for the upcoming third quarter came in below what analysts had anticipated. Investors, however, appeared to focus on the current quarter's strength, sending the stock higher.
The financial world is holding its breath as the annual Jackson Hole Economic Symposium unfolds, with all eyes firmly fixed on Federal Reserve Chair Jerome Powell's highly anticipated speech. This gathering of central bankers, finance ministers, academics, and financial market participants is widely regarded as a pivotal moment for global
The financial markets are a dynamic arena where fortunes can shift rapidly, and the past week has seen two prominent companies, Palantir Technologies Inc. (NYSE: PLTR) and Viking Therapeutics (NASDAQ: VKTX), come under intense investor scrutiny. Despite a year of impressive gains for Palantir, concerns over its valuation have led
