Newell Brands Reports Decline in Third-Quarter Sales
Newell Brands, the renowned maker of Yankee Candle and Sharpie pens, has announced a drop in third-quarter sales. This decline can be attributed to consumers cutting back on their spending…
Live Nation Reports Record Quarter
Shares of Live Nation Entertainment Inc. (LYV) surged by nearly 4% in the extended session on Thursday. The Ticketmaster operator announced that it had achieved its "strongest quarter ever" as…
Hanesbrands Reports Loss in Q3 as Sales Drop
Hanesbrands, a global clothing company, experienced a loss in the third quarter due to a 10% decrease in sales and an increase in interest expenses. The company reported a loss…
Highlights for the Week: U.S. Inflation and Consumer Spending
This week, the focus of attention for markets and economists will be on the U.S. November inflation figures and the latest update on consumer spending before the holiday season. Federal…
Insights from Bank of America CEO
Bank of America's chief executive, Brian Moynihan, recently discussed the evolving economic landscape characterized by rising prices, increasing wages, and decreasing unemployment. Despite these factors, inflation continues to persist, creating…
Daily Stock Movers
Stock Gainers Paramount Global (PARA): The stock rose 3% after the Writers Guild of America announced a tentative deal to end the screenwriters strike. Netflix (NFLX): Shares rose 1% following…
The Challenge of Consumer Spending Strength
Persistent strength in consumer spending has posed a significant challenge for the Federal Reserve in its efforts to quell inflation. The upcoming release of the June retail sales report is…