Investors are choosing caution on Costco Wholesale Corp (NASDAQ: COST) this morning even though the membership-only big-box retailer came in ahead of Street estimates for its fiscal Q4.Including today’s decline, COST shares are down nearly 15% versus their year-to-date high.Why did Costco stock tumble after Q4 earnings?While the headline numbers…
Shares of Swedish buy-now-pay-later firm Klarna Group Plc fell below their initial public offering (IPO) price for the first time on Friday, just weeks after the company’s highly anticipated debut. The digital-payments firm’s stock dropped as much as 7.7% to $38.31, below the $40 IPO price, amid broader weakness in…
In a bold and deeply divisive move, Prime Minister Keir Starmer has announced a plan for a mandatory new digital ID for the United Kingdom. Billed as a pragmatic solution to illegal immigration, the proposal has instead ignited a political firestorm, sparking fierce opposition and raising profound questions about civil…
A day of significant developments is underway in the corporate world, as a key vice president overseeing one of Amazon’s most ambitious projects steps down, Boeing agrees to resume talks to end a crippling strike, and a new fashion powerhouse is born from a blockbuster collaboration between Nike and Kim…
US markets closed higher on Friday as investors weighed fresh inflation data, weakening consumer sentiment, and mixed corporate developments. Tesla shares edged up on optimism over its artificial intelligence and robotics expansion, while Toyota issued a recall for its Supra vehicles. Meanwhile, President Donald Trump signaled progress toward a potential…
Denmark is facing its most serious security challenge in years after a string of drone incursions disrupted operations at airports and military bases, prompting authorities to raise alert levels to their highest in a decade. While the government has stopped short of naming a culprit, Prime Minister Mette Frederiksen has…
Ovo Energy, the UK’s fourth-largest residential gas and electricity supplier, is planning to sell a stake in its software arm, Kaluza, at a potential “unicorn” valuation, Sky News has reported. The move is part of a broader strategy to bolster the balance sheet of the company, which serves just under…
The Strategy stock price continues to plunge this month and has now fallen to the lowest level since April this year. It has moved into a deep bear market after falling by 35 percent from its highest level this year.This article explores why the MSTR stock price has decoupled from…
US consumer sentiment weakened in September, underscoring households’ unease over persistent inflation and a softer labour market outlook.The University of Michigan’s final Consumer Sentiment Index fell to 55.1 from 58.2 in August, marking a 5.3% monthly decline and a 21.6% drop compared with a year earlier.The index was revised further…
Famed investor Jim Cramer recommended all members of his “Investing Club” to buy Boeing Co (NYSE: BA) shares following reports the FAA is easing delivery restrictions on its aircraft.BA stock is pushing higher this morning as the FAA news could unlock significant cash flow and production momentum for the aerospace…