Warby Parker (WRBY) reports Q2 2022 losses

A general view of the atmosphere at Warby Parker’s store in The Standard, Hollywood Michael Buckner | Warby Parker | Getty Images Warby Parker on Thursday joined the slew of retailers that have cut their financial forecasts for the year, even as it reported a narrower-than-expected loss in its fiscal second quarter and sales in-line … Read more

Inflation takes over as the next big focus for markets after July’s monster jobs report

Investors switch their focus to inflation in the week ahead, after July’s strong jobs report signaled the Federal Reserve may need to take an even tougher stance with interest rate hikes. It could also be a week in which investors watch to see if rising Treasury yields start to slow the technology sector’s summer rally. … Read more

Three plays for the third quarter

The health care sector is often a sleepy performer but in this market turmoil it may prove to be one of the areas of not only safety in the third quarter – but growth. The third quarter could be a turbulent time, after the worst first half for stocks since 1970. As investors fear rampant … Read more

Consumers grow stressed as retailers gear up for back-to-school shopping

Every other week, beginning in May, Morning Consult polls consumers about back-to-school spending plans. The results of its latest survey were startling. There was a 10-point pop from the prior poll in the number of parents who say they can’t afford backpacks, notebooks, new jeans and sneakers, and other supplies. “The drop in the number … Read more

Resilient trades as U.S. economy faces looming recession

Market watchers have been mixed on if, and when, a recession is on the horizon, but hedge fund manager Dan Niles said it is clear that the US economy is headed for one. The US economy has been plagued by a confluence of decades-high inflation and what many expect to be an aggressive rate hike … Read more

Levi Strauss & Co. (LEVI) reaffirms 2022 outlook, boosts guidance

A sign is posted in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Levi Strauss & Co. on Wednesday maintained its outlook for the full year and boosted its financial targets over the next five years as the … Read more

Capri Holdings, Salesforce, Weibo and others

Check out the companies making headlines before the bell: Capri Holdings (CPRI) – The parent of luxury brands, like Michael Kors, Versace and Jimmy Choo, saw its stock surge 11% in the premarket after posting better-than-expected quarterly numbers before giving back nearly all those gains. Capri earned an adjusted $ 1.02 per share, 20 cents … Read more

Capri Holdings shares fall after Michael Kors parent ditches CEO succession plan

Joshua Schulman is seen at Michael Kors intimate Cocktail Party in Celebration of his 40th Anniversary on September 23, 2021 in Milan, Italy. Victor Boyko | Getty Images Capri Holdings has ditched its CEO succession plan. Just months after he took on the role, Joshua Schulman will step down as CEO of the Michael Kors … Read more

Alphabet, PayPal, General Motors, AMD & more

The Google logo seen at the entrance to Google Cloud campus in Seattle. Toby Scott | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading Wednesday. Alphabet – Shares of Alphabet popped 8.6% after the Google parent posted blowout quarterly results and announced a 20-for-1 stock split. Alphabet … Read more

Capri Holdings, Boston Scientific, Brinker and others

Check out the companies making headlines before the bell: Capri Holdings (CPRI) – The company behind Michael Kors and other luxury brands reported better-than-expected earnings for its latest quarter and raised its profit forecast as demand for handbags and apparel remained strong. Capri earned an adjusted $ 2.22 per share for the quarter, beating the … Read more