JPMorgan vs. Bank of America? Analysts say one of the stocks is set to soar 50%

It’s not just regional bank shares that have been hit by the recent banking crisis — large-cap bank stocks have also tumbled. But some analysts think the slide is overdone, and retail investors flocked to buy the dip in the biggest, traditional American banks last week. Still, there may be more room to run. JPMorgan … Read more

America’s biggest companies say retail crime is an epidemic, but just how big of a problem is it?

America’s biggest retailers say organized retail crime has grown into a multibillion-dollar problem, but the effectiveness of their strategies to solve it and the validity of the data overall have come into question.  Over the last several years, companies such as Home Depot, Lowe’s, Walmart, Best Buy, Walgreens and CVS have been sounding the alarm … Read more

First Republic shares slid almost 33% after deposit infusion, dragging down other regional banks

People are seen inside the First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar Mike Segar | Reuters Shares of First Republic were under severe pressure Friday despite the beaten-down regional bank receiving aid from other financial institutions the day before. At the market close, … Read more

FedEx hikes 2023 earnings forecast as cost-cutting initiatives bear fruit

In this photo FedEx logo is seen in Washington D.C., United States on February 16, 2023. Celal Gunes | Anadolu Agency | Getty Images FedEx on Thursday hiked its full-year earnings forecast as it said cost-cutting measures offset continued demand weakness at units including FedEx Express. FedEx now expects adjusted earnings per share for fiscal … Read more

Adobe lifts profit forecast for fiscal 2023 and beats estimates on quarterly results

Shantanu Narayen, CEO of Adobe, attends a media event in Mumbai on May 3, 2017. Abhijit Bhatlekar | Mint | Hindustan Times | Getty Images Adobe shares rose 5% in extended trading on Wednesday after software maker announced fiscal first-quarter results that topped Wall Street estimates and lifted its full-year foercast. Here’s how the company … Read more

Watch Jon Favreau talk streaming, storytelling and ‘The Mandalorian’

Nearly four years ago, Disney’s streaming service Disney+ launched with a new Star Wars series called “The Mandalorian.” Helmed by Jon Favreau and Dave Filoni, the western-inspired sci-fi show captivated audiences and launched a new era of Star Wars storytelling. Now in its third season, “The Mandalorian” has inspired Disney and Lucasfilm to invest in … Read more

Moody’s retains ‘negative’ outlook on China’s banks amid challenges of emerging from Covid-zero

Pictured here is Shanghai’s Lujiazui Financial District on June 7, 2022. Vcg | Visual China Group | Getty Images BEIJING — Ratings agency Moody’s said Wednesday it maintained a “negative” outlook on China’s banking sector as a result of a drawn out recovery after Beijing’s Covid controls ended. China’s economy missed a national growth target … Read more

Investors implore the government to step in after Silicon Valley Bank failure

Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.  Justin Sullivan | Getty Images Big names in Silicon Valley and the finance sector are calling publicly for the federal government to push another bank to assume Silicon Valley Bank’s assets and obligations after the financial … Read more

The Oscar box office bump is shrinking

Michelle Yeoh in “Everything Everywhere All at Once.” Source: imdb The winner of the best picture award at Sunday’s Oscars may not get a box office bump for taking home the night’s biggest prize. It’s part of Hollywood’s evolution. The Covid pandemic and the rise of streaming have fundamentally altered the industry. The result has … Read more

Allbirds admits missteps, unveils new strategy after brutal holiday quarter

A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Footwear retailer Allbirds on Thursday unveiled a broad overhaul of its strategy and an executive shake-up after failing to post year-over-year quarterly sales growth for the first time in … Read more