Declining inflation will compel the Fed to pause interest rate hikes, and induce a market rally, a Credit Suisse analyst predicts.
The Consumer Price Index (CPI) report for the month of August is billed to be released on Tuesday.
The shares of Bed Bath & Beyond have been considered a meme stock in the past year, and the company said it was selling some of its stock last month to finance some of its core operations.
The Snap employee layoff plan is seen by the company as crucial to remaining competitive in a weakening market.
While the overall outlook of the firm was further dampened with star investor Ryan Cohen offloading a huge chunk of his stake in the company, Bed Bath is committed to winning back the confidence of its customers, investors, and suppliers.
The stock futures and the broader market is bound to see more pricing pressures with the proposed interest rate hike as planned by Federal Reserve officials.
The rate hike plans in the United States also complement an approach that European Central Bank (ECB) board member, Isabel Schnabel believes will be ideal for the region.
Without stating its expectations for the upcoming fiscal 2023, Peloton sees its subscribers staying flat in fiscal Q1 2023.
Tesla approved the 3-in-1 stock split in June, which does not affect the company’s valuation. The EV giant is still worth over $930 billion after the split.
The company added in the Q2 fiscal 2023 results that the guidance does not determine the value of the company’s “strategic investment portfolio as it is not possible to forecast future gains and losses.”
Since the peak of the coronavirus pandemic, Nvidia has been amassing profits from its latest generation of graphics cards.
In announcing the fiscal Q2 results that led to the shares decline, Zoom also lowered its fiscal FY 2023 projections.
In addition to deciding to cut costs, Coinbase might shift its focus to subsciption services that give 18% of the company’s revenue. Currently, the company offers Cloud services and a separate subscription product, Coinbase One.
Macy’s is counting on early holiday sales to help maintain its revenue and earnings target for this current fiscal year.
The shares fell after Xpeng said its expected delivery for Q3 to be between 29,000 to 31,000 units.