Singer Taylor Swift and football player Travis Kelce sporting Ralph Lauren in their engagement picture is good news for the $18 billion, New York-based apparel maker, according to Jefferies. “For a company that states it is not only in the clothing business but in the dreams business, we view this outcome as mission success,” Jefferies analyst Ashley Helgans wrote in a Wednesday note to clients. Additionally, it’s “one that supports the strength of RL’s brand and likely continued momentum ahead.” In pictures shared on social media announcing the engagement Tuesday, Swift donned a striped dress that was sold out on…
Author: usaeverydaylife
The inside of one of Five Below’s existing locations.Five BelowWhen it comes to managing the impact of tariffs, retailers don’t have a one size fits all solution.An analysis of U.S. container data for retailers Abercrombie & Fitch, Best Buy and Five Below show various mitigation strategies. Industry experts say each retailer’s plans reflects the categories they are in and the customers they serve. This means not all retailers will be rushing to import goods, or front-loading, at the same time, from the same countries.All three companies were contacted by CNBC, but were in a quiet period because of this week’s…
Micron Technology could have a bright growth runway ahead, thanks to the artificial intelligence boom, according to CLSA. The investment firm began research coverage of the computer memory and data storage stock with an outperform rating and a $155 per share price target in a Wednesday report, implying about about 33% upside from Tuesday’s $116.50 close. Analyst Sanjeev Rana said that Micron is “riding the crest of the AI wave” thanks to customers’ strong appetite for high bandwidth memory, and dynamic random access memory (DRAM). MU YTD mountain Micron Technology stock in 2025. “Micron is well-positioned to capitalize on the…
White House National Economic Adviser Kevin Hassett prepares to give a live television interview at the White House in Washington, D.C., U.S., August 4, 2025.Jonathan Ernst | ReutersPresident Donald Trump’s top economic adviser Kevin Hassett said Wednesday that Federal Reserve Board of Governors member Lisa Cook should go on leave from the central bank even as she plans to file a lawsuit challenging her removal by Trump.”If I were her in her circumstance, I would take leave,” Hassett told reporters outside the White House.”I think it’s the honorable thing to do,” he continued, after a reporter asked about whether Cook should…
Annunciation Catholic School in Minneapolis, Minnesota.Courtesy: Google MapsAn active shooter who targeted a Catholic church and school in Minneapolis on Wednesday has been contained, the city said.”There is no active threat to the community at this time. The shooter is contained,” the city said in an X post.Local NBC News affiliate KARE 11, citing a source, reported that initial information suggests a “significant number of victims,” including some children, in the shooting at Annunciation Catholic School.Parents await news of their children’s status after shooting at Annunciation Church on Wednesday morning, Aug. 27, 2025 in Minneapolis. Richard Tsong-Taatarii | The Minnesota…
Any day now, a federal judge is expected to issue a landmark ruling that could upend some of the most lucrative deals in Silicon Valley: Google’s default search contracts.At stake is more than $26 billion a year, $20 billion of which goes to Apple. That’s nearly a quarter of Alphabet’s operating income.For decades, the Apple-Google pact has helped determine who controls the internet, which is exactly why it’s now in the crosshairs.U.S. District Judge Amit Mehta ruled last year that Google held a monopoly in search and ads. He’s been weighing remedies since the final phase of the trial wrapped…
Check out the companies making headlines before the bell: MongoDB — The database platform developer soared 30% after its latest results beat Wall Street analysts’ estimates. MongoDB reported adjusted earnings of $1 per share on revenue of $591 million, above the consensus as compiled by LSEG of 66 cents per share on revenue of $556 million. Kohl’s — The department store chain jumped nearly 17% after adjusted second-quarter earnings of 56 cents per share topped the LSEG consensus estimate of 29 cents per share. Revenue also exceeded expectations. Canada Goose — U.S.-listed shares of the luxury parka maker climbed about…
JPMorgan believes shares of Krispy Kreme are now floundering in “survivor mode.” In a Wednesday note, the bank downgraded the donut chain to an underweight rating from neutral. Analyst Rahul Krotthapalli did not provide a price target for the stock. Shares of Krispy Kreme have plunged 62% this year. Krotthapalli noted that the stock has “vastly underperformed” since going public at $17 per share in July 2021. DNUT YTD mountain DNUT YTD chart Krotthapalli noted that Krispy Kreme’s recent profitability hit was from the now-canceled partnership with McDonald’s . Krispy Kreme CEO Josh Charlesworth cited unsustainable costs as a major…
Federal prosecutors failed to secure a grand jury indictment against a former Department of Justice employee who was arrested in early August after allegedly hurling a Subway sandwich at a U.S. Customs and Border Protection officer in Washington, D.C., The New York Times reported Wednesday.The U.S. Attorney’s Office in D.C. sought to charge the man, Sean Charles Dunn, with felony assault of an officer for the sub-chucking incident, which was caught on video.The DOJ fired Dunn after his arrest.It is not clear if prosecutors will try again to obtain an indictment of Dunn. The DOJ and the U.S. Attorney’s Office…
MongoDB shares skyrocketed more than 30% on Wednesday after the database software company posted better-than-expected fiscal results and gave an upbeat forecast.Here’s how the company did in comparison with LSEG consensus:Earnings per share: $1.00 adjusted vs. 66 cents expectedRevenue: $591 million vs. $556 million expectedMongoDB’s revenue increased 24% from a year ago in the fiscal second quarter that ended July 31. The company had a net loss of $47.04 million, or 58 cents per share, compared with a net loss of $54.5 million, or 74 cents per share, in the year-ago period.Sales of MongoDB Atlas, the company’s cloud database service,…
