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kohl's lowers sales forecast amid declining apparel and footwear demand

Kohl’s Corp. has reduced its full-year sales forecast due to declining demand in its apparel and footwear sectors. As a result, the stock plummeted 11% in premarket trading, marking a 36% decline for the year, in stark contrast to a 26% gain for the Russell 1000 Index.
bloomberg.com
Kohl's Corporation Russell 1000 Index USA
Finance & Economy, Market Report
13:08 26.11.2024

the decline of big tech and the rise of independent alternatives

Big Tech is facing a reckoning as critiques from diverse political and economic sectors converge, highlighting issues like centralization and privacy erosion. The faltering AI market and growing public demand for privacy are fueling the push for alternative, democratic tech solutions, supported by innovative funding models and independent initiatives. As Big Tech's dominance wanes, a new ecosystem focused on genuine innovation and public benefit is poised to emerge.
WIRED
Sequoia Capital Microsoft Corporation The Goldman Sachs Group, Inc. Signal Y Combinator Will Knight Show more
Technology & Innovation, Blog Post
13:05 26.11.2024

tpc green energy ipo set for muted debut amid market volatility

NTPC Green Energy shares are set to debut on November 27, following a successful IPO that was subscribed 2.42 times, indicating strong interest from non-institutional and retail investors. Analysts suggest the company, a 'Maharatna' public sector enterprise with a focus on renewable energy, presents a solid long-term investment opportunity, though caution is advised for short-term traders due to modest grey market premiums and concerns over high valuations.
Moneycontrol
Ntpc Green Energy Ltd. IND Shivani Nyati
Finance & Economy, Market Report
13:04 26.11.2024

ftware stocks surge as semiconductor sector faces challenges under trump administration

Tech investors are shifting focus from semiconductor stocks to software, driven by concerns over high valuations and trade war risks under the incoming Trump administration. The President-elect's plans for additional tariffs have further dampened sentiment in the chip sector, while software benefits from lower tariff exposure and the growing influence of artificial intelligence in services.
bloomberg.com
Apple Inc. Microsoft Corporation USA Donald Trump
Technology & Innovation, Market Report
13:01 26.11.2024

dick's sporting goods raises holiday guidance after strong third quarter results

Dick’s Sporting Goods raised its fiscal 2024 guidance following a strong back-to-school season, expecting same-store sales growth of 3.6% to 4.2%. The company reported Q3 earnings of $2.75 per share on revenue of $3.06 billion, surpassing analyst expectations. With robust performance, Dick’s anticipates full-year sales between $13.2 billion and $13.3 billion and earnings per share of $13.65 to $13.95.
CNBC
United States Dollar DICK'S Sporting Goods, Inc. USA Lauren Hobart Show more
Finance & Economy, Market Report
13:01 26.11.2024

Oldenburg grapples with financial challenges despite record revenue growth

Oldenburg is grappling with financial challenges, as even record revenues are insufficient to meet the demands of rising expenditures. The city is urged to reconsider its budgetary strategies to address these ongoing fiscal pressures.
@nwzonline
Oldenburg DEU
Finance & Economy, News Article
13:01 26.11.2024

us offshore wind startup shifts focus to international markets amid challenges

Aikido Technologies Inc. has successfully completed its first floating platform for offshore wind turbines off the coast of Mississippi, enabling deployment further from land where wind conditions are more favorable. Despite federal backing, the company is looking overseas for market opportunities due to challenging domestic economics and political opposition to offshore wind.
bloomberg.com
Aikido Technologies Inc. USA
Technology & Innovation, News Article
13:00 26.11.2024

dogecoin faces resistance at 0.45 while aiming for 0.60 high

Dogecoin (DOGE) has shown bullish momentum, breaking resistance levels at $0.18 and $0.20, reaching a high of $0.478 before retreating. Currently priced at $0.428, it faces resistance at $0.45, with potential to rise to $0.60 if this barrier is surpassed, despite recent overbought conditions.
twitter.com/coinidol
Finance & Economy, Market Report
13:00 26.11.2024

gold prices fluctuate as fed minutes and tariff concerns dominate market focus

Gold prices are under scrutiny as the Fed minutes are set to be released, with tariffs proposed by Donald Trump on imports from Mexico, Canada, and China stirring concerns of a trade war. Investors are keenly awaiting US price data, which may signal future inflation trends and influence monetary policy decisions. The upcoming Fed meeting on December 18 could lead to a potential interest rate cut, while the trading range for gold is expected to remain between USD 2,540 and USD 2,800 amidst ongoing profit-taking.
IG
Euro United States Dollar Fed Apple Inc. USA CHN CAN Donald Trump Show more
TradFi, Market Report
12:58 26.11.2024

ubs seeks full control of securities joint venture in china

UBS is moving to acquire full control of its securities joint venture in China, currently holding 67% while partner BSAM plans to auction its 33% stake. This follows UBS's recent strategic shift, where it reduced its stake in CS Securities, exiting a majority position.
Finanz und Wirtschaft
United States Dollar Founder Securities Co., Ltd. UBS Credit Suisse CHN Show more
TradFi, News Article
12:55 26.11.2024
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