Lease-to-own retailer The Aaron's Company released its second quarter report at the start of the week, offering a bleak 2022 guidance. The company's stock took a big hit shortly after, diving 25% at one point.
Aaron's adjusted its predictions for 2022 sales and now sees them in the range of...
Netflix stock (NFLX) isn't the hottest commodity these days and it might be even less desirable after it received a downgrade from Goldman Sachs. In a recent note to clients, Goldman's analyst Eric Sheridan said that his team has various concerns related to NFLX while changing the stock's rating...
While the majority of big tech continues to plunge on the stock market, Amazon stock (AMZN) has been surging in the past seven days. It had the best four-day performance in the past two years and was even trending to the best five-day stretch in seven years before taking...
According to Bank of America (BofA) strategists, the "recession shock" is a realistic outcome for the United States due to the deteriorating macro-economic picture in the country. This is a result of the Federal Reserve tightening its monetary policy in an attempt to battle the surging inflation.
Reuters reports that...
The stock of sports betting and daily fantasy sports provider DraftKings continued its free fall this week, prompting its CEO Jason Robins to speak out publicly about the issue. Robins addressed the plummeting stock on Twitter, writing that the investors who sold their DKNG stock will "regret that decision."
"If...
Chinese e-commerce giant Alibaba saw its stock (NYSE:BABA) take a significant drop this week after the company released its quarterly results. BABA lost 15.51 percent of its value in the past five days and has been trading around 105.80 at the moment.
According to the report, Alibaba's earnings per share...
An annual report on Saturday revealed that assets held by the world's sovereign wealth and pension funds hit $31.9 trillion in 2021; an all-time record. This came as U.S. stock and oil prices continued to rise, while the value of investments rose to their highest levels in the last...
The S&P 500 and Nasdaq gained on Wednesday as U.S. technology stocks recovered from a round of recent losses. This rebound was largely spurred on by renewed investor confidence following the release of positive economic data.
The latest Labor Department data prior to the holiday closure showed that weekly initial...
The euro fell by 0.3% on Wednesday to $1.1205, which is its lowest level since July 2020. This comes after the release of a survey that showed the steep decline of business morale in Germany during the month of November.
With supply chain and manufacturing bottlenecks as well as a...
Several European stock markets realized slight gains on Wednesday morning, despite concerns over a rise in COVID cases sweeping across the European Union. Having slightly declined the day before, the FTSE 100 opened 0.5% higher on Wednesday. France's CAC and Germany's DAX followed suit, gaining 0.2% and 0.1% on...