By Michael Susin Superdry, the British clothing brand, has warned that its full-year performance is expected to suffer due to persistently challenging market conditions. This follows a drop in revenue for the first half of fiscal 2024 and news of the company's chief financial officer stepping down. Despite a 0.7% increase in shares to 17.0 pence at 0826, Superdry continues to … [Read more...] about Superdry Expects Full-Year Performance to be Impacted by Challenging Market Conditions
Forex News
Nikki Haley’s 2024 Presidential Campaign Raises $2.6 Million in 48 Hours
By one metric at least, angering Donald Trump has been good for Nikki Haley. Haley's 2024 presidential campaign raised $2.6 million in a 48-hour period that started Tuesday night after polls closed in New Hampshire's Republican primary, according to a statement from the campaign. The Impact of Trump's Blacklist That included $1.2 million from small-dollar and online … [Read more...] about Nikki Haley’s 2024 Presidential Campaign Raises $2.6 Million in 48 Hours
Stocks That Could Benefit from China’s Monetary Stimulus
Given these developments, Evercore strategists have identified U.S.-listed companies that could benefit from China's monetary stimulus. These companies have recently derived at least 10% of their revenue from China. Consumer Companies Poised to Thrive in China Potential for Stock Growth Companies on Evercore's list include: Nike's Revenue from China In the past 12 months, Nike … [Read more...] about Stocks That Could Benefit from China’s Monetary Stimulus
A Goldilocks Economy: Will it Have a Happy Ending?
Amidst some evident risks, the market continues to rise steadily. The Federal Open Market Committee is set to announce its monetary policy decision on Wednesday. However, the chances of a rate cut appear to be minimal, and futures suggest that there is less than a 50% probability of Jerome Powell and his team lowering rates in March. Despite these uncertainties, the market … [Read more...] about A Goldilocks Economy: Will it Have a Happy Ending?
Superdry Explores Cost-Saving Options
Superdry has confirmed that it is currently working on plans to potentially undergo a company voluntary arrangement or restructuring plan. The popular clothing retailer aims to explore various cost-saving options to improve its financial situation. The implementation of insolvency mechanisms could potentially result in the closure of underperforming stores and the negotiation … [Read more...] about Superdry Explores Cost-Saving Options
