Business

Goldman says global equities face correction risks, but bear market unlikely

Wednesday, March 4 by SRN News

March 4 (Reuters) - Goldman Sachs sees "correction risks" to global stocks in the near term due to worries about geopolitics, AI disruption and elevated valuations, though the Wall Street bank sees limited room for a bear market. "We see correction risks as high given... Read More.

Whiskey maker Brown-Forman tops quarterly estimates on steady demand

Wednesday, March 4 by SRN News

March 4 (Reuters) - Jack Daniel's maker Brown-Forman on Wednesday beat analysts' expectations for third-quarter sales and profit on the back of firm demand for its whiskey and ready-to-drink beverages despite a choppy economic backdrop. Shares of the company, which also maintained its annual forecasts,... Read More.

Adidas store in Israel hit by bomb, says chief commercial officer

Wednesday, March 4 by SRN News

BERLIN, March 4 (Reuters) - Adidas' chief commercial officer said on Wednesday that one of the company's franchise stores in Israel had been hit by a bomb, but no one had been injured, amid the unfolding war in Iran. "We had one franchise store... Read More.

Fed’s Hammack backs steady interest rates, tells NYT it’s too early to gauge Iran war impact

Wednesday, March 4 by SRN News

March 4 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said it was too early to gauge the economic impact of the Iran war and backed holding interest rates steady for "quite some time", in an interview with the New York Times... Read More.

Morning Bid: Seoul-sapping selloff

Wednesday, March 4 by SRN News

By Mike Dolan March 4 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The ongoing Middle East eruption shocked Asia's stock markets on Wednesday, with South Korea's Kospi plummeting 12% for its worst day ever and Japan's Nikkei... Read More.

Analysis-Jefferies faces scrutiny over lending to collapsed MFS and First Brands

Wednesday, March 4 by SRN News

By Saeed Azhar and Tatiana Bautzer NEW YORK, March 4 (Reuters) - Jefferies Financial Group is facing concerns about its lending standards and risk appetite after the collapses of British lender Market Financial Solutions and U.S. auto-parts supplier First Brands from alleged fraud. Jefferies, an independent... Read More.

Abercrombie & Fitch forecasts muted annual sales amid tariff uncertainty

Wednesday, March 4 by SRN News

March 4 (Reuters) - Abercrombie & Fitch on Wednesday forecast muted sales growth for the year and said it was accounting for the impact of 15% U.S. tariffs set out by President Donald Trump following the Supreme Court's decision to strike down the government's... Read More.

Banco Master owner Vorcaro detained by Brazil police

Wednesday, March 4 by SRN News

By Ricardo Brito and Rodrigo Viga Gaier BRASILIA/RIO DE JANEIRO, March 4 (Reuters) - Brazilian businessman Daniel Vorcaro, the owner of lender Banco Master, was detained by federal police on Wednesday in a new phase of an investigation into the bank, the Supreme Court said. Vorcaro... Read More.

Bath & Body Works forecasts steeper decline in annual sales on muted spending

Wednesday, March 4 by SRN News

March 4 (Reuters) - Bath & Body Works forecast a steeper decline in annual sales on Wednesday than anticipated by Wall Street, as budget-conscious shoppers pull back spending on its pricey scented candles and fragrances. Shares of the company, which lost nearly half of... Read More.

Mazda climbs to sixth place in Russian car sales after scrappage fee change

Wednesday, March 4 by SRN News

March 4 (Reuters) - Japan's Mazda, which exited Russia in 2022, is seeing a revival as one of the country's best-selling car brands thanks to new Russian scrappage charges that have shifted import patterns via third countries. Data from Russian analytical... Read More.

Current Weather

Goldman says global equities face correction risks, but bear market unlikely

Whiskey maker Brown-Forman tops quarterly estimates on steady demand

Adidas store in Israel hit by bomb, says chief commercial officer

Fed’s Hammack backs steady interest rates, tells NYT it’s too early to gauge Iran war impact

Morning Bid: Seoul-sapping selloff

Analysis-Jefferies faces scrutiny over lending to collapsed MFS and First Brands

Abercrombie & Fitch forecasts muted annual sales amid tariff uncertainty

Banco Master owner Vorcaro detained by Brazil police

Bath & Body Works forecasts steeper decline in annual sales on muted spending

Mazda climbs to sixth place in Russian car sales after scrappage fee change

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