Category: Latest News

Investors in retail companies will likely keep pricing strategies under close scrutiny in the coming months, as markets evaluate whether sweeping U.S. tariffs are affecting consumer spending, according to UBS analysts. In a note led by Michael Lasser, the analysts said that recent inflation data suggest the impact of the tariffs has been “minimal,” despite…

The second-quarter 2025 earnings season is nearing its conclusion, and Wolfe Research analysts describe results as “very solid.” As of Monday, 452 S&P 500 companies had reported earnings, with “69% of companies beating expectations on the top-line with an aggregate dollar-weighted surprise of +2.8%,” according to Wolfe Research. On the bottom line, “80% of companies…

Bank of America (BofA) reported Tuesday that the momentum in e-commerce sales persisted through July, with aggregated credit and debit card data showing total online spending up 7% year over year — matching June’s growth rate. In its research note, the bank highlighted that in-store sales slipped 1% during the same period, lifting online market…

Hedge funds worldwide gained 1.1% in July, driven by event-driven managers and fundamental equity long/short funds, according to Goldman Sachs Prime Desk. Event-driven strategies saw the strongest performance, climbing 1.8% last month as increased merger arbitrage activity boosted returns. Fundamental equity long/short funds closely followed with a 1.6% gain. Despite these advances, both strategy types…

A report released by the Commerce Department on Friday showed retail sales in the U.S. increased in line with economist estimates in the month of July. The Commerce Department said retail sales climbed by 0.5 percent in July after jumping by an upwardly revised 0.9 percent in June. Economists had expected retail sales to rise…

Global appetite for oil is set to keep climbing over the next two years, according to OPEC’s August oil market report, which projects demand will reach 107.7 million barrels per day (bpd) in the final quarter of 2026. That’s an increase from the 106.4 million bpd expected in the last quarter of 2025. The forecast…

Lexaria Bioscience Corp (NASDAQ:LEXX) stock climbed 3.4% following the announcement that the company has achieved a key milestone in its Phase 1b glucagon-like peptide-1 (GLP-1) study in Australia. The drug delivery platform developer confirmed that its Contract Research Organization (CRO) reached the last patient last visit (LPLV) milestone in the GLP-1-H24-4 trial, marking the completion…

Scienture Holdings Inc (NASDAQ:SCNX) stock fell sharply, dropping 43.7%, after the company announced a registered direct offering of common stock at a steep discount to its current market price. The pharmaceutical holding company entered into a securities purchase agreement with institutional investors to sell 3,225,000 shares at $1.20 per share. The offering, expected to close…

707 Cayman Holdings Limited (NASDAQ:JEM) stock jumped 26% following the company’s announcement that it has entered a memorandum of understanding to explore the creation of a cryptocurrency treasury reserve. The Cayman Islands-based apparel firm signed the MOU with Precious Choice Global Limited, a British Virgin Islands corporation, to evaluate holding digital assets such as Bitcoin,…