South Korea extends ban on short selling until 2025 to crack down on illegal practices. Institutions like HSBC and BNP Paribas fined for naked shorting.
Wall Street experienced another decline on Thursday, with major large-cap indices affected by a downturn in the tech and communication services sectors. Investors shifted their focus to market areas that have underperformed compared to tech over the past year, such as small caps, real estate and solar stocks.
Shares of American Eagle Outfitters, Inc. (NYSE:AEO) fell during Thursday’s session following first-quarter results. American Eagle Outfitters reported…
Macy's shares are trading lower by 2.5% during Thursday's session. The stock is falling following mixed economic data and worse-than-expected first-quarter results from Kohl's.
Kohl's shares dropped as Q1 FY24 earnings fell short. Sales declined by 5.3% to $3.178 billion, missing the $3.335 billion estimate. Comparable sales dipped 4.4%, and EPS of $(0.24) missed the $0.03 consensus. The company slashed its FY24 sales growth outlook to a decline of (2%) - (4%), with EPS guidance lowered to $1.25 - $1.85.