“While consumer IT hardware spending has been reported to be very weak, from our vantage point, infrastructure spend is still very much holding,” said CEO Hock Tan. Broadcom (AVGO) – Get Broadcom Inc. Report shares jumped Read more…
“Lululemon remains predominantly a full-price business, and we have not changed our promotional cadence or markdown strategy and we have no plans to do so,” said CEO Calvin McDonald. Lululemon Athletics (LULU) – Get lululemon Read more…
Eurozone PPI rose 4.0% mom in July, up from June’s 1.3% mom, above expectation of 2.5% mom. For the year, PPI rose 37.9% yoy, accelerated from 36.0% yoy, well above expectation of 35.8% yoy. For Read more…
“Laxman is an inspiring leader with deep, hands-on experience driving strategic transformations at global consumer-facing businesses,” said Starbucks. Starbucks Corporation (SBUX) – Get Starbucks Corporation Report shares edged higher Friday after it named Laxman Narasimhan, the Read more…
Cable is consolidating above new multi-month low, posted on Thursday after a brief probe below 1.15 handle, following an uninterrupted bear-run in past five days. The pair is also on track for the third consecutive Read more…
Market picture Bitcoin remains firmly anchored to the psychologically significant $20K round level, changing by only fractions of a per cent for almost a week. Ethereum continues to draw green candles, but this is more Read more…
The Nasdaq 100 falters as the Fed puts price stability as its number one priority. A drop below 13000 has prompted buyers to bail out, exacerbating the selling pressure. The index is hovering above 12000 Read more…
Stock futures flat as jobs data looms; Wage growth in focus as hiring slows, but remains firm; Starbucks taps Reckitt CEO to replace interim boss Schultz; Lululemon shares leap on Q3 earnings, 2022 outlook and Read more…
The euro struggles over weaker manufacturing activity across the bloc. A bullish MA cross on the daily chart suggests an improvement in sentiment after the pair bounced off 133.50. The price has consolidated its latest Read more…
The New Zealand dollar softens as risk appetite continues to subside. A bearish MA cross on the daily chart points to an acceleration to the downside. A short-lived bounce to 0.6190 indicates strong headwinds. The Read more…