Private market giants have struggled to start the year amid market uncertainty, but now appear poised to stabilize after a significant downturn. One of the biggest players, KKR & Co. (KKR) , presents an attractive short-term set-up and looks well-positioned to benefit from a rebound in the broader market. KKR has oversold ‘buy’ signals from the daily stochastics and the DeMARK Indicators, supporting a minimum two-week relief rally. Initial resistance can be found at the 200-day MA (~$132), while secondary resistance can be found at the daily cloud (~$154). KKR fell below its 200-day (40-week) moving average and is now…
Author: usaeverydaylife
Forever 21 filed for bankruptcy protection for the second time in six years on Sunday and blamed fast-fashion e-tailers Shein and Temu for its demise. The retailer’s operating company is expected to cease all operations in the U.S. and has already begun liquidation sales at its more than 350 locations, but it’s still open for bids if a buyer is willing to take on its inventory and keep running its stores, court filings show. Forever 21 has been seeking a buyer for several months and made contact with more than 200 potential bidders, 30 of which signed confidentiality agreements, but no viable…
A water tower at the U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4, 2024.Justin Merriman | Bloomberg | Getty ImagesThe Trump administration filed a motion to extend two deadlines in U.S. Steel and Nippon Steel’s lawsuit against a U.S. national security panel to give the government more time to wrap up merger talks with the firms, a filing showed on Monday.The filing is the clearest indication that U.S. President Donald Trump may allow the deal, scuttled by his predecessor Joe Biden, to proceed in some form.In January, the two companies filed a lawsuit against…
Lewis Hamilton says his Ferrari race debut felt like a “crash course” in learning about his new car after finishing a chaotic Australian Grand Prix in 10th place.Hamilton spent the first half of the race running eighth, stuck behind Williams driver Alex Albon, before a mid-race safety car period bunched up the field ahead of a heavy rain shower. When most teams opted to pit their drivers, Ferrari kept Hamilton out, informing him over the radio that it would be a short shower. He initially rose to third and then briefly led the race before conditions became too slippery, forcing…
Rwanda severed diplomatic ties on Monday with its former colonial ruler, Belgium, which has been pushing to penalize Rwanda over its invasion of the neighboring Democratic Republic of Congo.Rwanda’s Foreign Ministry gave Belgian diplomats 48 hours to leave the country.The diplomatic escalation came as the European Union, at the urging of Belgium, on Monday imposed sanctions against Rwandan military and government officials for their involvement in the conflict in Congo.“Belgium has clearly taken sides in a regional conflict and continues to systematically mobilize against Rwanda in different forums,” Rwanda’s Foreign Ministry said in a statement.The European Union accused Rwandan officials…
Check out the companies making headlines in midday trading: Affirm — The buy now, pay later company saw shares tumble 10% after CNBC reported that Swedish fintech firm Klarna will replace Affirm as the exclusive provider of such loans for Walmart . Klarna, which just disclosed its intention to go public in the U.S., will provide loans to Walmart customers in stores and online through the retailer’s majority-owned fintech startup OnePay. Incyte — The pharmaceutical stock dropped 9% after the release of phase three trial data for a skin condition treatment. Incyte said the trials of its drug met the…
Tesla is about to hit a rough sales patch, leading Mizuho to trim its estimates on the stock. The firm slashed its price target on the electric vehicle stock to $430 per share from $515 but stood by an outperform rating. Mizuho’s forecast implies 72% upside ahead from Friday’s close. Analyst Vijay Rakesh said in a note that Tesla’s February sales likely underperformed the broader automotive market, especially in the U.S., as well as in Europe and China. The biggest pain spots, Rakesh estimated, were in China and Germany, where he forecast declines of 49% and 76%, respectively. Germany is the…
Harvard announced on Monday that undergraduate tuition will be free for students of families who make annual incomes of $200,000 or less in a move to make the prestigious institution “affordable to more students than ever.”The university will also make schooling completely free for students from families with annual incomes of $100,000 or less, covering tuition, food, housing, health insurance and travel costs. The new expansion of financial aid will begin in the 2025-26 academic year. “Putting Harvard within financial reach for more individuals widens the array of backgrounds, experiences, and perspectives that all of our students encounter, fostering their intellectual and personal growth,” Harvard…
It is not news that Eddie Howe is meticulous. One step further is probably fair. Eddie Howe is the chief obsessive in a city filled with them.Holding onto a 1-0 lead in the Carabao Cup final and 45 minutes away from breaking a 56-year trophy-less hoodoo, Howe did not turn to words alone for his half-time team talk. He had faith in his preparation.He had faith in his slideshow.As the players trooped in, moments after Dan Burn’s header had put them into the lead, Howe was waiting with information. His presentation contained the physical statistics from Newcastle’s past two months…
Serhii Kovalov doesn’t like sushi. Nor does the sushi chef at his restaurant in eastern Ukraine.But when customers started asking for it, Mr. Kovalov navigated both enemy shelling and ordinary supply-chain issues to get fresh fish for Philadelphia rolls to his frontline town, Sloviansk.Now, as Russian forces have drawn closer and life gets more bleak, many Sloviansk residents are weighing whether to flee. Not Mr. Kovalov. He’s determined to keep serving sushi to soldiers and civilians who are seeking comfort, sustenance or a taste of something special after more than three years of war.“I know I’m needed here,” the 30-year-old…
