Shares of intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO) fell 6.5% in the pre-market session after the company appointed a new CFO, Scott Sekella, who most recently served as CFO of fabric and crafts retailer Joann and previously held financial leadership roles at Under Armour and Crocs. In conjunction with this appointment, the company raised the midpoint of Q4 guidance for sales, operating income, and adjusted EPS. The market seemed to be looking for a more convincing raise, as
Watch live: Fed Chair Jerome Powell answers questions after rate hold
Fed Chair Jerome Powell is taking questions from journalists after the central bank held interest rates steady following three consecutive cuts at the end of 2024.
Key Takeaways From Fed Decision to Hold Rates Steady
(Bloomberg) -- Here are key takeaways from the Federal Reserve's interest-rate decision on Wednesday:Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged With Discrimination for Banning Section 8 RentersManhattan’s Morning Commute Time Drops With New Congestion Toll Federal Open Market Committee votes unanimously to maintain benchmar
Nvidia Stock Drops Wednesday as AI Chipmaker's Roller-Coaster Week Continues
Nvidia shares tumbled Wednesday, dashing hopes for a quick recovery from losses earlier in the week amid concerns about the competitiveness of American AI firms and their spending on the emerging technology.
8 ways investors can play a possible Trump-driven inflation shock that deprives the market of rate cuts
Tax cuts, deregulation, and protectionist policies, sounds like a deal for the domestic economy. But it could upset the balance of things.
Crypto exchange Binance faces money laundering probe in France
The scope of the probe extends to offences purportedly committed within France and throughout the EU.
Bitcoin hovers at $100,000 as the Fed keeps interest rates unchanged
Rates were unchanged in the first interest rate meeting during President Trump's second term.
Brinker International (EAT) Stock Trades Up, Here Is Why
Shares of casual restaurant chain Brinker International (NYSE:EAT) jumped 15% in the morning session after the company reported strong fourth-quarter (fiscal Q2 2025) results that convincingly beat analysts' revenue and EPS expectations. All brands posted growth, but Chili's led with a 31.4% increase in comparable restaurant sales, followed by a 27.4% rise at Brinker. Notably, growth benefited from an increase in both traffic and pricing, which contributed to the earnings beat. Looking ahead, EA
Freight markets improve slower than carriers would like
Spot rates rise, but inflection yet to take hold. The post Freight markets improve slower than carriers would like appeared first on FreightWaves.
Trump Media stock pops 7% on crypto expansion plans
Trump Media & Technology Group (DJT) (DJT) shares surged over 7% Wednesday morning after announcing plans to expand into financial services, including potential investments in Bitcoin and other cryptocurrencies.