Levi Strauss cut its full-year sales forecast, citing weak sales of its denim at department stores and big-box retailers. The denim retailer said momentum at its own stores and website was not enough to offset weaker wholesale trends in the U.S. The company has put more emphasis on its direct-to-consumer business to help control its … Read more
Stocks climbed the most since June, while bond yields fell after economic reports in both the US and Europe fueled bets that major central banks will pause their interest-rate hikes to prevent a recession. In late hours, a $200 billion exchange-traded fund tracking the Nasdaq 100 (QQQ) gained after a bullish revenue outlook from Nvidia … Read more
2 Hours Ago Nasdaq, S&P 500 end Monday in the green The tech-heavy Nasdaq Composite advanced Monday, gaining 206.8 points, or about 1.6%. The S&P 500 also ended Monday higher, inching up 30 points, or 0.7%. The Dow Jones Industrial Average shed nearly 37 points, or 0.1%, however. — Pia Singh 2 Hours Ago Allstate … Read more