Jefferies reined in expectations for back-to-school sales after its consumer survey showed a ‘marked shift’ in customer intentions to buy apparel this fall. Jefferies surveyed over 500 consumers to gauge shopping intentions for the 2017 back to school season and concluded that department stores and specialty apparel are set for the most cutbacks. “Respondents anticipate […]
Read moreIf it seems that the Dow keeps posting record highs and strings of positive trading days, that’s because it is. The Dow Jones industrial average has climbed for 10 straight days through Monday, for its second winning streak of 10 days or longer this year (after its 12-day win streak in February). That means that […]
Read moreTHERE is a new way to travel between Los Angeles and San Francisco. At $230 for a round trip, it may not be cheaper than flying, but at least it is slower. Cabin is an interesting experiment; an attempt to compete with airlines by promising a better night’s sleep. Flying between the two cities may […]
Read moreNINE straight highs for the Dow Jones Industrial Average might suggest that all is well with capitalism. But on the contrary, they could be a sign that things have been going profoundly wrong with the way the system is working. The main driver for the surge in share prices this year has been the […]
Read moreMorgan Stanley upgraded Foot Locker to overweight from underweight Tuesday, saying the shoe retailer has an edge over Amazon.com in the high-end market. “We believe Foot Locker can withstand the challenge from Amazon,” Jay Sole, equity analyst, and Edward Ryan, research associate, said in a Tuesday note. They have a 12-month $65 price target on […]
Read moreThe Handsome Her cafe in Melbourne, Australia, turned heads last week when it announced its plan to charge customers an 18 percent “man tax” and offer priority seating for women. tweet Cafe owner Alex O’Brien is hoping to highlight the gender pay gap, she tells Broadsheet: “I do want people to think about it, because […]
Read moreEvan Blass, a well-known blogger who established a reputation by accurately leaking images of new cellphones, says the image above is the upcoming Apple iPhone 8. The device is inside of a smartphone case, suggesting that it was obtained by someone building cases — not always the most accurate of sources — but it appears […]
Read moreNetflix is one of the market’s best-performing stocks and one Wall Street firm says its shares will continue to surge due to more impressive growth in foreign markets. Piper Jaffray told its clients the company’s international subscriber base will nearly double in three years from the current 52 million. The firm reiterated its overweight rating […]
Read moreThere’s a new top bull on Tesla. Argus Research’s Bill Selesky slapped a $444 target on the share price and upgraded Telsa to a buy from a hold. The price target is by far the most aggressive on Wall Street, according to FactSet. It’s also 25 percent higher than Monday’s closing price of $355. Tesla […]
Read moreJeff Bezos is reportedly closing in on surpassing another major milestone. Amazon‘s Prime program — which has boasted impressive growth in recent years — should finally be in more than 50 percent of American homes before the year is over, Cowen & Co. has predicted. According to the firm’s monthly survey of 2,500 U.S. consumers, […]
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