Macy’s (NYSE: M) posted a market-beating Q3 today as its turnaround plan focused on improving operations, digital channels, and merchandise, continued to resonate with customers. But the management’s “prudent” outlook for the holiday quarter is still resulting in pressure on the retail stock at the time of writing.The department store…
As OPEC+ slams the brakes on output hikes after a modest 137,000 bpd increase in December—fearing a 2026 glut that could drag Brent below $60—analysts warn the cartel’s fragile unity is cracking under budget-strapped members’ pressure. In this exclusive Invezz interview, Igor Isaev, Doctor of Technical Sciences and Head of Analytics…
Europe is juggling big shifts this week, from fashion giants reshaping the luxury landscape to governments redefining digital ownership and scrambling to keep political alliances intact.Prada’s surprise swoop for Versace signals serious consolidation in high-end retail, while the UK’s move to grant crypto assets full property status marks a major…
Netflix Inc (NASDAQ: NFLX) slipped over 5% this morning following news that Reed Hastings, cofounder and current chairman of the streaming giant, has trimmed his direct stake in the firm. Regulatory filings show he unloaded 375,470 NFLX shares on Dec. 1st, leaving him with 3,940 directly held shares of the…
Crypto and commodities stole the spotlight today, with Bitcoin reclaiming momentum above $93,000 and silver smashing fresh all-time highs after doubling this year.Markets also got a surprise from the Federal Reserve, which appears to be digging itself out of years of pandemic-era losses, while Marvell’s bold multibillion-dollar AI acquisition turned…
The Russian wheat export market has experienced a notable downtrend since the middle of November, primarily impacting wheat with 12.5% protein content. According to price monitoring conducted by SovEcon, the Free On Board (FOB) export prices for this specific grade of Russian wheat have seen a decrease of $4 per metric…
ExxonMobil is set to discontinue operations at the older of its two steam crackers on Singapore’s Jurong Island starting in March, according to a Reuters report on Thursday. This move aligns with a broader trend in the global petrochemicals sector to cut capacity in response to industry losses.The wind-down, scheduled to…
The global economy is heading into a period of its weakest expansion since the pandemic, but both Fitch Ratings and the OECD say the outlook is slightly more resilient than previously feared, helped along by a powerful surge in artificial intelligence–related investment that is offsetting the adverse impacts of import…
Nigel Farage’s Reform UK has received its largest-ever donation, with businessman Christopher Harborne handing the party £9 million in August, according to new Electoral Commission filings.The contribution, one of the biggest by a living person to a British political party, arrives ahead of crucial local and national assembly elections scheduled…
Nvidia stock slipped on Wednesday as investors reacted to fresh competitive pressure from Amazon’s new Trainium 3 artificial intelligence chip, the latest sign that major cloud providers are accelerating efforts to develop their own AI silicon. At the time of publishing, the Nvidia stock was down 0.6% to trade at…