investopedia.com —  22+ hour, 55+ min ago

...The financial definition you need to know today: May 27, 2023 Kevin Dietsch / Staff / Getty Images The United States" AAA credit rating could be... ...Treasury Secretary Janet Yellen warned Congress has until June 1 to avoid a sovereign default, at which point the U.S. government could run out of... ...Fitch Ratings. "Fitch Places United States" "AAA" on Rating Watch Negative."... ...Department of the Treasury. "Secretary of the Treasury Janet L. Yellen Sends Letter to Congressional Leadership on the Debt Limit." Moody's....

investopedia.com —  4+ hour, 50+ min ago

...President Joe Biden and House Speaker Kevin McCarthy reached an agreement to raise the national borrowing limit for two years.... ...out of cash to pay its bills and potentially miss making certain payments--a date that could come as soon as June 5, Treasury Secretary Janet Yellen... ...“Speaker McCarthy Makes an Announcement About Debt Limit Negotiations.” U.S. Department of the Treasury. “Secretary of the Treasury Janet L.... ...Yellen Sends Letter to Congressional Leadership on the Debt Limit.”...

investopedia.com —  1+ day ago

...Intel rebounds to lead the Dow upward, while American Express gains on analyst recommendation The Dow Jones Industrial Average rose 1.1%, or 350... ...points, breaking its weeklong losing streak as negotiators in Washington closed in on a deal to raise the debt ceiling and excitement about artificial... ...Salesforce (CRM) rose 2.6%, while IBM (IBM) and Cisco Systems (CSCO) both ticked up 1.7%. Apple (AAPL) moved higher by 1.4%. ... ...Shares of UnitedHealth Group (UNH) rose 0.8% after Piper Sandler initiated coverage on the stock with an overweight rating....

investopedia.com —  1+ day ago

.... - AI-related company stocks jumped again as Marvell Technology reports surging demand. - Ulta Beauty shares drop after the retailer warned its... ...post-pandemic growth will slow. equities finished the week on a high note on optimism that White House and congressional negotiators are close to... ...It was another big day for AI-related stocks after Marvell Technology (MRVL) indicated it expects sales of its AI products to skyrocket.... ...Shares of Ulta Beauty (ULTA) sank after the beauty products retailer cut its full-year operating margin outlook, and warned that its strong post-pandemic...

investopedia.com —  20+ hour, 54+ min ago

...With remote work and continued rising costs in coastal cities like San Francisco, Seattle or New York, Sun Belt destinations have grown more popular... ...Phoenix and Miami are the most popular destinations for homebuyers looking to relocate, followed by Las Vegas, Tampa and Orlando....

investopedia.com —  1+ day ago

...David Dee Delgado / Stringer / Getty Images Ulta Beauty (ULTA) was the worst-performing stock in the S&P 500 on Friday as shares fell 13.4% after... ...Ulta Beauty posted fiscal 2023 first quarter profit of $6.88 per share, with revenue up 12.3% to $2.63 billion.... ...CEO David Kimbell indicated that during the quarter, “store traffic remained healthy, member growth showed continued strength, we delivered growth... ...“Ulta Beauty Announces First Quarter Fiscal 2023 Results.”...

investopedia.com —  19+ hour, 55+ min ago

...scenario that Fed officials call a “soft landing.”... ...in April, more than halfway towards the Fed"s inflation target of 2%.... ...Among the cautious optimists is Brad Case, chief economist at developer Middleburg Communities, who has been predicting a soft landing since late... ...For example, Robert Fry, an independent economist, began 2023 with an estimate that a recession would arrive in the first half of the year....

investopedia.com —  1+ day ago

...Ben Pruchnie / Staff / Getty Images Gap (GPS) shares jumped 12.5% on Friday as the apparel retailer posted an unexpected profit, and said margins... ...The operator of Gap, Old Navy, Banana Republic, and Athleta stores reported fiscal 2023 first quarter earnings per share of $0.01.... ...CFO Katrina O"Connell added that Gap slashed its inventory volumes by 27% from 2022, and will have closed about 350 underperforming Gap and Banana... ...Republic locations by the end of the year....

investopedia.com —  20+ hour, 55+ min ago

...The limited series, which follows young Queen Charlotte and her marriage to King George III of England, is a prequel to Rhimes" hit Bridgerton series... ...Robin L Marshall / Getty Images Three weeks after its release, Shonda Rhimes" Queen Charlotte: A Bridgerton Story, is still reigning supreme as the... ..."Shonda Rhimes Is the Highest Paid Showrunner in Hollywood, and She Wants Everyone to Know It." Celebrity Net Worth. "Shonda Rhimes Net Worth."... ...The Greys Anatomy creator is the self-proclaimed highest-paid showrunner in Hollywood, according to Essence, and has a net worth of $160 million,...