Stay updated with breaking news from Benzinga Pro. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
VF Corp. reported quarterly losses of 32 cents per share which missed the analyst consensus estimate of earnings of 1 cent per share.
The minutes from the latest Federal Open Market Committee meeting released Wednesday reveal increased uncertainty about the swift decline of inflation toward the 2% target, with the majority of board members indicating the need to keep restrictive interest rates for an extended period. Participants observed that while inflation eased over the last year, “recent data had not increased their confidencein progress toward 2%,” suggesting that “the disinflation process would likely take longer than p
GlobalFoundries announced asecondary public offering of $950 million of its ordinary shares and a concurrent $200 million share repurchase.
Rental prices are declining across most of the United States, but costs in the Midwest have just hit pre-pandemic highs.Cities like Indianapolis, Milwaukee, and Minneapolis set records for the highest median asking rents since 2019, according to a report issued by Realtor.com on Wednesday. Realtor.com economists said the surge is driven by resilient local employment rates and a lag in new housing developments, contrasting with the broader national scene where rents are gradually retrenching from
The Street's attention was solely focused on Nvidia's Q1 report due to the implication it has for the broader market.