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  • Mar 11, 2025

Growing Fears of Corporate Defaults Hit US Credit Markets

(Bloomberg) -- Worries about corporate credit defaults rose in the US for a second straight day on Tuesday, after US President Donald Trump threatened to ratchet up tariffs on Canada. Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionWhere New York City's Zoning Reform Will Add HousingOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsIn d

  • Mar 11, 2025

Shale Pioneer Sheffield Warns Oil Chiefs of Grim Times Ahead

(Bloomberg) -- Scott Sheffield, the retired shale impresario who built a fortune drilling for Permian Basin oil, has grim advice for former rivals as President Donald Trump pushes for “drill baby drill” to bring down energy prices.Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionWhere New York City's Zoning Reform Will Add HousingOpen Philanthropy Launches

  • Mar 11, 2025

Delta, Airbnb Lead Travel Stock Selloff on Consumer Worries

(Bloomberg) -- Travel stocks from airlines to cruise lines and online-booking sites are coming under pressure Tuesday after Delta Air Lines Inc. cut its profit forecast, deepening concern over weakening consumer demand and an economic slowdown.Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsWhere New York City's Zoning Reform Will Add HousingElectric Construction Equipment Promises a Quiet RevolutionInside the ‘N

  • Mar 11, 2025

Traders Ramp Up Bets on Fed Rate Cuts as Recession Angst Builds

(Bloomberg) -- Traders in the futures and options markets are loading up on bets the Federal Reserve will have to lower rates this year by more than expected because of the Trump administration’s aggressive policy agenda.Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionWhere New York City's Zoning Reform Will Add HousingOpen Philanthropy Launches $120 Mill

  • Mar 11, 2025

Nature's Sunshine (NASDAQ:NATR) Beats Q4 Sales Targets

Wellness products company Nature’s Sunshine (NASDAQ:NATR) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 8.5% year on year to $118.2 million. The company expects the full year’s revenue to be around $457.5 million, close to analysts’ estimates. Its non-GAAP loss of $0 per share was significantly below analysts’ consensus estimates.

  • Mar 11, 2025

Stitch Fix (NASDAQ:SFIX) Surprises With Strong Q4, Stock Jumps 18.2%

Personalized clothing company Stitch Fix (NASDAQ:SFIX) announced better-than-expected revenue in Q4 CY2024, but sales fell by 5.5% year on year to $312.1 million. On top of that, next quarter’s revenue guidance ($313.5 million at the midpoint) was surprisingly good and 12.5% above what analysts were expecting. Its GAAP loss of $0.05 per share was 55.4% above analysts’ consensus estimates.

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