Kohl’s shares took a significant hit in premarket trading after the company reported a surprising loss per share, falling well below what Wall Street had anticipated. The loss per share of 24 cents was a stark contrast to the expected profit of 4 cents, leaving investors reeling. Additionally, the revenue for the fiscal first quarter
The Euro experienced a significant drop on Wednesday, marking a 0.5% loss, the largest daily decline since April 30th. This downward movement was driven by a wave of risk aversion in the market. Despite this sharp fall, the currency found support in the strong range of 1.0790/80, which includes the top of the thick daily
The CEO of Swedish fintech startup Trustly, Johan Tjarnberg, has revealed that despite a 51% increase in operating profit, the company is not planning an initial public offering for at least another year or two. Tjarnberg emphasized the importance of proving the value of their open banking technology to investors before considering going public. He
Upon analyzing the daily chart of the VanEck Semiconductor ETF (SMH), it is evident that the function of the trend is impulsive. The motive structure indicates a potential upside movement in Minor wave 5. As the ETF reached the Medium Level at $250, there is anticipation for a potential wave {iv} of 5 to initiate
The US economy saw an expansion of 1.3% in Q1 2024, a significant drop from the 3.4% growth in Q4 2023. Additionally, initial jobless claims are expected to rise slightly from 215k to 218k in the week ending May 25. These figures indicate a potential slowdown in economic growth and could have implications for the
The recent surge in U.S. and global bond yields is causing a stir in Asian markets, leading to a strengthening dollar and tightening financial conditions. This shift is taking a toll on risk appetite and investor sentiment, as seen in the significant drop in equity indices worldwide. With a light economic calendar in Asia on
The dollar surged to a two-week high against major currencies on Thursday as a result of a rout in Treasuries. This increase in demand for safe haven assets, combined with higher U.S. yields, boosted the appeal of the dollar. The bond market turmoil has caused global equity markets to slide, prompting investors to flock to
The GBP/USD pair has shown a decline to 1.2695 during the early Asian session, largely due to the strength of the US Dollar. The higher US yields and lower expectations of a Federal Reserve rate cut in September have boosted the USD and consequently weighed on the GBP/USD pair. Investors are eagerly awaiting the release
The analysts predict a modest increase in British home prices this year, followed by even faster growth over the next two years, surpassing the overall rate of inflation. The anticipated 1.8% increase in 2024 is expected to be outstripped by wage growth, signaling a positive trend in the housing market. This projection is bolstered by
Famed short seller Jim Chanos recently found himself in the midst of a legal battle, as a lawsuit was filed accusing him of embezzling funds for personal use. Chanos vehemently denied the allegations, calling them “false, baseless and defamatory.” The lawsuit, filed by Conlon Holdings, a Chicago-based firm run by Sean Conlon, claimed that Chanos
Recent data from three German states indicated a slight increase in inflation rates in May. The preliminary figures showcased a rise in inflation in North Rhine-Westphalia, Bavaria, and Saxony. However, there was a minor decline in Brandenburg, leading to a mixed bag of results. This data is crucial as it provides insight into the overall
Clean energy stocks may not be performing well in the public market, but there is a growing appetite for companies focused on decarbonization in private markets. Clean Energy Ventures recently announced the successful raise of $305 million for its second fund, surpassing the initial target of $200 million. The oversubscription of the fund was driven