Author: Press Room

Check out the companies making headlines in midday trading: Abercrombie & Fitch — Shares popped 22% after the apparel retailer posted fiscal first-quarter sales that grew 22% from a year earlier. Abercrombie’s profit during the period was nearly seven times compared to the year-ago period and came in ahead of Wall Street’s estimates. Netflix — Morgan Stanley reiterated its overweight rating on the streaming stock, leading shares 2% higher. According to the firm, Netflix can see strong double-digit revenue growth that should extend beyond the benefits it is seeing from its paid-sharing initiative. American Airlines — The travel stock sank…

Rest easy, America: Subway’s footlong cookie is back. Following a four-month long disappearance, Subway announced Wednesday the “triumphant return” of the oversized chocolate chip cookie, which was pulled from many restaurants less than two weeks after its January debut because of massive demand. The giant cookie was part of Subway’s new Sidekick lineup, a key part to Subway’s turnaround plans, which also includes a number of other changes to its menus as part of its efforts to keep up with rivals. The lineup also consists of a Cinnabon churro and a soft pretzel from Auntie Anne’s, both of which remained…

Last updated: May 29, 2024 12:56 EDT | 4 min read Crypto’s savviest presale magpies are snapping up crypto’s greatest multichain good boy Cosmo, aka Dogeverse ($DOGEVERSE) ahead of the conclusion of his presale on June 3, 10AM UTC.$DOGEVERSE has already taken in well over $15 million towards its $17 million presale target.Crypto’s latest Shiba Inu-inspired meme coin has pricked the ears of meme fans, degens, DeFi heads and general crypto evangelists alike, who see the token’s hyper-jumping cross-chain capabilities as a hint of tomorrow’s meme coin utility.Currently on sale at $0.00031, this is $DOGEVERSE’s last fixed price before launch.…

The SPDR Euro Stoxx 50 ETF (NYSEARCA:FEZ) tracks the performance of the Euro Stoxx 50 index, which comprises 50 of the largest and most liquid European Stoxx across 11 Eurozone countries. As of writing, the fund has roughly $3.8B in assets. It has performed well on a trailing one-year basis, delivering ~17% return in the period. FEZ provides investors broad-based exposure to European blue-chip companies, but the persistent, unsteady macro-backdrop for Europe gives me pause. I rate FEZ as a hold for now. Sector diversified fund, with a strong tilt towards France FEZ is a relatively diversified fund. Large allocations…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israel stepped up its military offensive in Rafah on Tuesday, sending tanks into the heart of Gaza’s southernmost city despite growing international condemnation of the operation. In the wake of an Israeli air strike over the weekend that killed dozens of civilians, the army pressed farther towards Rafah’s centre with military vehicles taking positions near the Awda roundabout, according to eyewitnesses. At least five Israeli military combat brigades were operating by Tuesday in Rafah and the adjoining frontier with Egypt, called the…

A Fulton County judge will allow a co-defendant of Donald Trump in the Georgia election subversion case to continue his effort to access thousands of 2020 ballots to argue debunked voter fraud theories. Harrison Floyd, who led the organization Black Voices for Trump in 2020, argued during a hearing Tuesday that he should not have been charged in the racketeering case because his concerns about voter fraud and questions about the election results were legitimate. Trump lost to President Joe Biden in Georgia by more than 12,000 votes. Floyd’s attorneys are pushing to access more than 500,000 ballots from Fulton County, claiming they…

Kids love dinosaurs. These larger-than-life, amazing creatures that existed some 66 million years ago continue to fascinate both children and adults. Just think about how dinosaurs are still prevalent in modern popular culture – the blockbuster Jurassic Park franchise, Toy Story’s sweet Rex, and beloved Barney. Not to mention the myriad dinosaur exhibits that remain highly popular attractions at science and natural history museums around the world. Sometimes, we hear defined benefit (DB) pensions compared to dinosaurs. Like dinosaurs, pension plans are fascinating, large, and strong. They are a reliable source of retirement income and remain extremely popular among workers…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.875% as of May 22, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.000%, which is 0.010 percentage points higher than yesterday.  With mortgage rates changing daily, it’s a good idea to check today’s rate…

Most mornings, Jacob Heitmann wakes up, eats breakfast and heads to his family’s computer in the basement to see if his 3D-printing business received any orders.If so, he pulls up the design someone ordered — his favorite is a rainbow plastic skeleton — and puts his 3D printer to work. Most prints take at least two hours to create, so the machine works while Heitmann heads to his fourth-grade classes, the 10-year-old from Indiana says.Since January, Heitmann has brought in more than $1,700 in revenue selling 3D printed toys to his classmates, on his website and from his Etsy shop,…

Check out the companies making the biggest moves midday: GameStop — Shares jumped nearly 23% following the video game retailer’s announcement on Friday that it made about $933 million from a stock sale. Gambling stocks — DraftKings and U.S.-traded shares of FanDuel parent Flutter Entertainment shares fell 10% and 7%, respectively. Illinois Senate approved the state’s budget over the weekend, which includes a measure that would raise taxes on sports betting, implementing a progressive tax rate for sports-betting companies based on their revenue. U.S. Cellular — Shares added 7% after the telecom company announced T-Mobile will acquire its wireless operations…