The company that owns the iconic luxury retailer Saks Fifth Avenue filed for bankruptcy late Tuesday. The move comes after Saks Global struggled with debt it took on to buy rival Neiman Marcus, lagging department store sales and a rising online market. It’s one of the largest retail collapses since…
Brazil’s Ibovespa index traded in positive territory for much of Wednesday, buoyed by the release of the first Genial/Quaest electoral poll for 2026 and investor focus on US producer price data.According to local outlet InfoMoney, the benchmark equity index climbed almost immediately after the opening bell, defying the downward trend…
Europe ends the day grappling with financial stability and rising geopolitical risk.The Bank of England says it is intensifying efforts to curb vulnerabilities in the non-bank sector after recent market scares, flagging leverage and liquidity mismatches as key threats.In the Arctic, Denmark plans to expand its military posture in Greenland…
Netflix (NASDAQ: NFLX) remains in focus on January 14 following reports that the streaming giant is considering a significant change to its bid for Warner Bros. Discovery assets.According to sources that spoke for CNBC’s “David Faber”, the mass media behemoth may replace the stock portion of its $27.75 a share…
Evercore ISI’s senior analyst Robert Coolbirth says AppLovin (NASDAQ: APP) has a “significant long-term growth runway” in both mobile gaming and e-commerce advertising.Still, APP shares are crashing this morning – currently down about 10% versus their previous close.Coolbirth initiated AppLovin stock at “outperform” with a price target of $835, indicating…
Markets head into the evening, balancing stronger earnings momentum with rising geopolitical risk.Iran has warned it could strike US bases across the Middle East if Washington escalates, prompting precautionary personnel moves at key installations.In Europe, France’s fragile government faces twin no-confidence votes that could shape the political roadmap into the…
High Roller Technologies (ROLR) saw a 6x increase in its stock price on Jan. 14 after the iGaming operator said it’s teamed up with “Crypto.com” to launch event-based prediction markets in the US.Investors are piling into ROLR because prediction markets are emerging as a goldmine with massive upside potential in…
Shares of Trip.com Group plunged sharply on Thursday after China’s top market regulator said it had opened an antitrust investigation into the online travel services provider, triggering the company’s steepest selloff since its Hong Kong listing in 2021.The stock fell nearly 22% in Hong Kong, making Trip.com the worst performer…
Russian wheat exports are poised for a significant surge in January, with SovEcon estimating shipments of 3.0–3.4 million metric tons (mmt). The SovEcon projection is notably higher than the 2.3 mmt exported a year ago and slightly above the five-year average of 3.1 mmt, driven by strong price competitiveness and a…
Global markets were steadier on Thursday after a volatile prior session, with investors digesting easing geopolitical tensions, shifting equity leadership in the United States, and a series of policy and regulatory developments spanning currencies, crypto, and technology. Commodity prices pulled back from recent highs, while Asian equities were mixed. Meanwhile,…