Dillard’s stock slides 8.5% after earnings miss as consumers continue to shun clothing purchases
By category, cosmetics was the strongest performer, while mean’s clothing, accessories and shoes were the weakest. Source link...
MARKET
Pimco waves off brief yield curve move, sees no looming recession
Bond giant Pimco points to ‘daisy-chain’ reaction in markets as catalyst for brief reversal of Treasury yield curve Source link...
One-third of home builders are slashing prices as confidence in the market falls to 8-month low
Builder sentiment fell as mortgage rates and home prices stay elevated, the National Association of Home Builders said. Source link...
Jobless claims drop to lowest level in five weeks
Initial jobless claims fell by 7,000 to 227,000 in the week that ended Aug. 10, the Labor Department said. Economists had estimated new claims would rise by 3,000 to 235,000. Source link...
Retail sales post biggest gain in 1 1/2 years as auto sales rebound after cyberattack
Sales at U.S. retailers posted the biggest increase in July in a year and a half, but most of the gain was tied to a rebound in auto sales after dealers recovered from a nationwide cyberattack. Source link...
Harris to propose federal ban on price gouging
Vice President Kamala Harris’s campaign said she will call for what it says is the first-ever federal ban on corporate price gouging. Source link...
Three different factors could trigger the third wave of a stock-market pullback, says strategist
Dhaval Joshi, chief strategist of BCA Research’s Counterpoint service, says an analysis of the “price complexity” shows that the yen carry trade and the AI bubble are one and the same trade, and that any of three factors could torpedo...
SEC approves fund that levers up MicroStrategy, which bets on bitcoin
Investors will now have the opportunity to buy a fund leveraged to a company that is leveraged to an asset that often is bought on leverage. Source link...
U.K. economy expands again in the second quarter
The U.K. economy continued to expand at a solid rate in the second quarter, buoyed by services sector growth, according to data released Thursday. Source link...
Cisco sees an AI boost, but this was the real star of the show
Cisco Systems Inc. posted impressive fiscal fourth-quarter results Wednesday, and while company executives touted an AI boost, the real star of the show was its fat profit margins, driven by both a resurgence in enterprise orders and cost-cutting. Source link...
