Petco Stock Soars as Retailer Forecasts Rising Adjusted Profits
Petco shares jumped Thursday morning as the pet retailer outlined a better-than-expected adjusted earnings forecast for fiscal 2025.
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TD SYNNEX (NYSE:SNX) Misses Q1 Sales Targets, Stock Drops
IT distribution giant TD SYNNEX (NYSE:SNX) missed Wall Street’s revenue expectations in Q1 CY2025 as sales rose 4% year on year to $14.53 billion. Next quarter’s revenue guidance of $14.3 billion underwhelmed, coming in 2.7% below analysts’ estimates. Its non-GAAP profit of $2.80 per share was 3.6% below analysts’ consensus estimates.
Goldman Sees Turkey Raising Main Interest Rate to Calm Markets
(Bloomberg) -- Goldman Sachs Group Inc. said Turkey will probably raise its main interest rate by mid-April, following a week of political and market turmoil sparked by the detention of President Recep Tayyip Erdogan’s biggest rival.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face Hi
Norway Delays First Rate Cut of Cycle After Inflation Pickup
(Bloomberg) -- Norway’s central bank delayed a long-communicated cut in borrowing costs until later this year as officials responded to a flare-up in inflation.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesNorges Bank held the deposit rate at
5 Things to Know Before the Stock Market Opens
News of the day for March 27, 2025
Bitcoin Whales Bought $11B of BTC in Two Weeks as Confidence Grew, Glassnode Says
Whales are boosting their coin stashes, showing confidence in BTC's prospects despite lingering macroeconomic uncertainty.
Fed Urged to Explore Hedge Fund Bailout Tool for Basis Trade
(Bloomberg) -- The Federal Reserve should consider setting up an emergency program that would close out highly leveraged hedge-fund trades in the event of a crisis in the $29 trillion US Treasuries market, according to a panel of financial experts.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US