Bath & Body Works is making some big moves as it looks to attract shoppers this holiday season. Earlier this week, I covered the fragrance retailer’s expanded partnership with Ulta Beauty. From now through Dec. Read more…
Gold is under pressure due to high oil prices and expectations of a Fed rate rise. The slowdown in the global economy may provide support in the long term. Gold is on track to close Read more…
As the second-largest metropolis in the U.S., Los Angeles has always been a goldmine for those who appreciate the arts in any form: from major museums with billion-dollar collections to the neighborhoods full of street Read more…
US consumer sentiment was virtually unchanged in October, with the University of Michigan’s final index edging from 48.1 to 48.0. However, Current Economic Conditions fell sharply from 50.9 to 46.7, an 8.3% monthly decline, while Read more…
Most contractors stop work when a customer’s funding runs dry. Lockheed Martin Corp. (LMT) has kept building the F-35 anyway, and it said so in its third-quarter report on Oct. 22. Lockheed’s costs on Lot Read more…
US private-sector activity continued expanding strongly in October, with PMI Composite easing from 58.4 to 57.6, but remaining at its second-highest level since March 2022. PMI Services moderated from 58.8 to 57.9, matching expectations, while Read more…
The two biggest AI bets on Wall Street are not making the same one. One company is writing checks that would strain most national budgets. The other is letting partners do the heavy lifting while Read more…
The Fed and ECB are likely to hold rates steady in October, while keeping December hikes on the table. Persistent inflation and resilient growth support further monetary tightening. French bond market tensions could constrain the Read more…
Fed, ECB and BoJ to sit on the sidelines after September hikes. But RBNZ and BoC poised to lift borrowing costs. Inflation data out of the US, Japan, Australia to also be important. UK budget: Read more…
Financial markets have seen somewhat increasing volatility this week, as worries remain regarding public finances in France, the oil price continues to increase, and some doubts are creeping in about the sustainability of the AI-related Read more…