News

Shares of personal care and home fragrance retailer Bath & Body Works (NYSE:BBWI) jumped 9.1% in the morning session after JP Morgan upgraded the stock's rating from Neutral to Buy. The firm added "Our recent fieldwork and management access points to a fundamental inflection on both the top and bottom-line into FY25 upgrading BBWI to Overweight raising our Dec '25 price target to $47."

Shares of machinery provider H&E (NASDAQ:HEES) jumped 18.8% in the pre-market session after Herc Holdings made an offer to buy the company for $104.89 per share in cash and stock, a 14% premium over the pending $92 per share sale to United Rentals. According to the terms of the deal, HRI's offer will generate $300 million of EBITDA by the end of the third year after closing.

Shares of financial services company Robinhood (NASDAQ:HOOD) fell 5.3% in the morning session after Wolfe Research analysts downgraded the stock's rating from Buy to Hold, citing valuation concerns. The analysts added, "Since our June upgrade, key drivers underpinning our upside (bull) case have largely played out and are now reflected in the current valuation / share price."

Shares of homebuilder Tri Pointe Homes (NYSE:TPH) fell 8.8% in the afternoon session after the company reported weak fourth-quarter results: Backlog fell sharply, down 35% in units and 28% in dollar value, raising concerns about future growth. Management blamed "elevated mortgage rates" for the weakness. On the other hand, sales and EBITDA came in ahead of expectations during the quarter. Looking ahead, management remains optimistic about 2025, citing early signs of demand recovery. Overall, thi

Nike is joining forces with reality TV star Kim Kardashian's shapeware and clothing brand in an effort to get more women to purchase Nike products.

DETROIT (Reuters) -Some middle managers at Ford Motor will not get stock bonuses this year in what is seen internally as CEO Jim Farley's latest attempt to cut the automaker's bloated costs, according to six people familiar with the matter. Around 1,650 middle managers out of 3,300 globally will not get stock bonuses, according to a person familiar with the discussions. The stock awards are usually paid in March, but senior managers have been told to select which half of their middle management staff will receive them, four of the sources said.

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Major U.S. indexes wavered between gains and losses at midday Tuesday ahead of fresh economic data due later in the week.

Bitcoin and Ether face headwinds while XRP has multiple tailwinds.