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Featured AlphaTack Intel Article
Sherwin-Williams Sees Input Costs Rising After Sales Beat
Sherwin-Williams Co. warned rising input costs could weigh on results later this year, after currency tailwinds helped it post stronger-than-expected sales growth in the first quarter. While the paint maker maintained its full-year adjusted profit guidance, it now...
– AlphaTack Intel Articles –
Cattle Plunges as Stock Market Slump Raises Beef Demand Concerns
Cattle futures are dropping as a falling stock market prompts worries that consumers will pull back from high-priced beef. Sales of steak typically increase when equity markets rise and with stocks selling off after a weak US jobs report, prices for cattle are...
US Unemployment Rate Rises Again, Cementing Path to Fed Rate Cut
Nonfarm payrolls rose 114,000 in July, below most estimates Traders start to price in more aggressive Fed cut in September US hiring slowed markedly in July and the unemployment rate rose to an almost three-year high, raising recession concerns and putting the Federal...
Influencers’ Go-To Digital Retailer Finds Actual Stores Are Key
Revolve shares plunge 80% since 2021 as pandemic glow fades New Aspen store shows need to mix brick-and-mortar and online Revolve Group Inc., a popular fashion hub among young influencer-obsessed shoppers during the pandemic, is seeing its shares tumble as sales dry...
Japan’s Bank Stocks Log Worst Day Since 2008 After Rate Hike
Financials helped Japanese stocks hit new record last month Selling pressure in bank stock may be short lived: analysts Banking stocks, which have been driving the rally in Japanese equities, suffered the biggest drop since October 2008, as investors moved to take...
Share of US Small Firms Boosting Pay Falls to Three-Year Low
The share of US small businesses raising compensation dropped in July to the smallest in more than three years, adding to evidence that inflationary pressures stemming from the job market are diminishing. A net 33% of firms said they boosted pay last month, down 5...
US Hiring and Wage Growth Both Slowed in ADP July Data
Firms added 122,000 jobs in July, lowest since January Pay increases slowed to the smallest pace since 2021 US companies added the fewest number of workers since the start of the year and wage growth slowed, consistent with signs of a softer labor demand. Private...