Shoppers come and go the TJ Maxx store at the Mall at Prince George’s on August 17, 2022 in Hyattsville, Maryland.Chip Somodevilla | Getty ImagesTJX Cos. on Wednesday reported earnings and revenue that beat Wall Street’s expectations and raised its full-year guidance, as the discounter behind T.J. Maxx, Marshalls and HomeGoods said it assumes it can offset higher costs from tariffs.TJX now expects full-year fiscal 2026 earnings will be between $4.52 and $4.57 per share, up from its prior guidance between $4.34 and $4.43 per share. The retailer also raised its comparable sales expectations to a 3% increase, versus prior…
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Here are Wednesday’s biggest calls on Wall Street: JPMorgan upgrades Upstart Holdings to overweight from neutral JPMorgan said it’s getting more constructive on shares of the fintech lender. “We are upgrading Upstart to OW (from N). We lean positive on the more seasoned fintech lenders, given a favorable macro backdrop (e.g., stable credit and potential rate cuts), and we believe Upstart offers the best risk/reward among personal loan originators.” Read more. KeyBanc reiterates Nvidia as overweight KeyBanc raised its price target to $215 per share from $190 ahead of earnings next week. “We expect NVDA to report strong F2Q (Jul)…
A FieldAI robot.Courtesy: FieldAIBill Gates-backed Robotics startup FieldAI has raised $405 million in two funding rounds, with investments from Nvidia’s venture capital arm and Amazon founder Jeff Bezos’ family office.The funding comes during an “aha moment,” founder and CEO Ali Agha told CNBC, as software and hardware reach an inflection point.”We are growing,” he said. “This funding announcement is to respond to the customer demand.”The latest round values the two-year-old startup at $2 billion, according to a person familiar with the matter who asked not to be identified to discuss financial information.Along with NVentures and Bezos Expeditions, the rounds included…
These are the stocks posting the largest moves in the premarket. Source link
Bank of America is growing bullish on Snowflake one week before it releases second-quarter earnings results. The Wall Street investment bank upgraded its investment opinion on the maker of cloud data warehousing software to buy from neutral, and raised its price target to $240 from $220, implying more than 24% upside from Tuesday’s close. The upgrade comes ahead of the company’s results for the quarter that ended July 31, due to be released post-market Aug. 27. BofA analyst Brad Sills expects “solid” financials, reinforcing a multi-year cycle of strong growth. “While we believe that Q2 earnings will be a catalyst…
Jewelry is displayed at a Claire’s store on June 23, 2025 in Novato, California.Justin Sullivan | Getty ImagesClaire’s announced Wednesday that it is selling most of its North American business to private equity firm Ames Watson, just weeks after the jewelry retailer declared bankruptcy.The companies did not disclose any financial details of the deal.Claire’s said the move comes as the tween retailer is examining every option to “maximize the value of its business.” It also said it will pause the liquidation process at most of its stores as part of the deal, which Claire’s said will “significantly benefit” the company.Claire’s…
United States President Donald Trump participates in a Multilateral Meeting with European Leaders in the East Room of the White House in Washington, DC, US. Picture date: Monday August 18, 2025.Aaron Schwartz – Pa Images | Pa Images | Getty ImagesU.S. President Donald Trump has been on a multimillion-dollar bond-buying spree since taking office, investing in debt issued by local authorities, gas districts and major American corporations.Across 33 pages of filings to the U.S. Office of Government Ethics (OGE), dated Aug. 12, the president outlined 690 transactions that have taken place since he took office. The documents were made public…
A Union flag flutters from a pole atop the Bank of England, in the City of London on August 7, 2025. Niklas Halle’n | Afp | Getty ImagesTraders see a growing likelihood the Bank of England will keep interest rates on hold for the rest of the year, after inflation came in at a higher-than-expected 3.8% for July.Money markets were on Wednesday putting a 57% probability on the Bank Rate remaining at the current 4% at the BOE’s final meeting of 2025 in December, according to LSEG data.Expectations earlier in the summer leaned toward at least one more quarter-point cut in…
A possible improvement in earnings performance could send shares of Nu Holdings higher over the coming months, according to Citi. The firm double upgraded the Brazil-based financial firm to buy from sell and doubled its price target to $18 from $9, which implies more than 37% upside from Tuesday’s close. “Despite concerns on the macroeconomic environment (which we think is performing better than expected), we see the recent quarters as a testament to the bank’s ability to not only navigate well but also accelerate in key portfolios while maintaining good asset quality,” analyst Gustavo Schroden wrote. “We see the earnings…
A student studies in the Perry-Castaneda Library at the University of Texas at Austin, Feb. 22, 2024.Brandon Bell | Getty ImagesAs back-to-school season gets underway, parents have many more ways they can spend funds in 529 college savings plans this year, due to President Donald Trump’s “big beautiful bill.”Yet a new survey shows only a fraction are utilizing these accounts.About 69% of parents stash money for their children’s education-related expenses in traditional checking or savings accounts, according to a Vanguard survey of 1,005 parents with children ages 17 and under living at home. Only 10% of parents leverage 529 savings plans…
