The operator of outdoor apparel brand Eddie Bauer filed for Chapter 11 bankruptcy protection on Monday, becoming another mid-market retailer to fall prey to the adverse impact of shifting consumer demand, rising costs and persistent uncertainty over trade policy.In court filings in the District of New Jersey, the company said…
Booking Holdings stock price has been in a strong freefall in the past three consecutive weeks as concerns about the travel industry remains. BKNG dropped to a low it $4,237 on Monday, reaching its lowest level since April last year. It has crashed by 27% from its all-time high.Why Booking…
Paramount Skydance (NASDAQ: PSKY) is in focus this morning after the company sweetened its deal “further” for Warner Bros. Discovery (NASDAQ: WBD) to woo its shareholders and bypass a resistant board.While the headline price remains a firm $30 per share in cash, the new terms include a $2.8 billion payout…
Gold and silver prices were in the red on Tuesday as investors remained on the edge before the release of a string of key US economic data. Over the past week, precious metals have experienced significant volatility, as prices retreated from all-time highs due to a combination of profit-taking and excessively…
Datadog Inc (NASDAQ: DDOG) is rallying this morning after the cloud-based observability firm posted its fourth-quarter report that, on the surface, appeared to be a clean beat.The company reported $953 million in revenue on 59 cents a share of adjusted earnings for its Q4, both handily above Street estimates. However,…
The US tech sector hit a speed bump this week as UBS experts lowered their view from “attractive” to “neutral”.While the broader market remains fixated on AI’s transformative potential, UBS sees the road ahead as fraught with concerns of massive infrastructure spending and the looming threat of industry adoption.Its analysts…
Gold and silver prices increased on Wednesday as US Treasury bond yields dropped after the release of data showing that retail sales growth had stalled in December. The stalled growth suggested a weakening economy, which precedes the release of key jobs data.Precious metals like gold tend to be supported by lower…
Hong Kong is accelerating efforts to build a regulated digital-asset ecosystem, advancing stablecoin licensing and expanding crypto market infrastructure even as mainland China maintains a strict ban on cryptocurrency activity.Authorities say the initiative is designed as a supervised framework for financial innovation rather than a reversal of Beijing’s policy. The…
The optimism in crypto that followed Donald Trump’s election in November 2024 has all but faded as Bitcoin takes a plunge, falling 45% from its October high. On the regulatory front, the standoff between the banking industry and crypto stakeholders over stablecoin yields in the CLARITY Act is being closely…
Days after investors of software firms were spooked by the launch of plugins by Anthropic’s Claude, shares of wealth management and brokerage firms tumbled after financial-technology company Altruist unveiled an AI tool capable of automating personalised tax strategies, triggering fears that AI could erode the relevance of traditional financial services.California-based…