Gap Stock Soars as Retailer's Turnaround Plan Bears Fruit
Gap's profit and sales exceeded forecasts in the key holiday shopping season as the clothing retailer's turnaround efforts continued to boost results.
Gap's profit and sales exceeded forecasts in the key holiday shopping season as the clothing retailer's turnaround efforts continued to boost results.
Bowman was responding to research presented at a conference examining how the rate-setting Federal Open Market Committee's monetary policy influences economic activity. "Although the FOMC has been focused on lowering inflation in the past few years, as we continue to make progress on approaching our 2% target, I expect that the labor market and economic activity will become a larger factor in the FOMC's policy discussions," Bowman said in remarks prepared for delivery at a monetary policy forum organized by the University of Chicago's Booth School of Business in New York City.
Bitcoin’s price and shares of Strategy (MSTR), previously MicroStrategy, fell sharply after the U.S. government said that its newly revealed "Strategic Bitcoin Reserve" would only include seized assets, instead of buying new tokens, causing disappointment.
(Bloomberg) -- US job growth steadied last month while the unemployment rate rose — a mixed snapshot of a job market hanging in the balance of quickly changing government policy.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowNon
(Reuters) -Nasdaq Inc plans to introduce 24-hour trading on its flagship U.S. exchange to capitalize on growing global demand for U.S. equities, a senior executive said in a social media post on Friday. International demand for the lucrative U.S. equity market has surged in recent years, driven by rising retail participation, increasing financial literacy, and easier access to digital trading platforms. The exchange operator has started discussions with regulators and expects to launch 24-hour, five-days-a-week trading in the second half of 2026, Nasdaq President Tal Cohen wrote in a LinkedIn post.
The federal government lost 10,000 workers last month in an unusually sharp decline, as the Department of Government Efficiency moved to slash jobs.
Tesla upgraded, Coinbase initiated: Wall Street's top analyst calls
While Red Sea conflict and the U.S. trade war depress container shipping rates, logistics services providers advise short-term flexibility to leverage emerging opportunities. The post Stay flexible in a convoluted market, experts tell ocean shippers appeared first on FreightWaves.
(Bloomberg) -- Like many of his peers over the past two years, Jeff Muhlenkamp feared a recession was nigh, prompting him to keep a big chunk of client money in cash while resisting richly valued stocks after their outsized rally.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finan
A number of U.S. states have rejected the idea of using bitcoin as a reserve asset due to its volatility, the report said.