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Oxford Industries Inc. OXM, +3.83% hiked its outlook late Monday following an announcement it closed on its acquisition of clothing brand Johnny Was. The company said inclusion of the $270 million acquisition and strong direct-to-consumer sales at its Tommy Bahama and Lilly Pulitzer brands boosted third-quarter expectations to adjusted earnings of $1.10 to $1.30 a […]
U.S. stocks finished higher on Monday after wavering between gains and losses for most of the session as investors wait for the Federal Reserve to deliver another jumbo interest-rate hike later this week. The S&P 500 SPX, +0.69% advanced 26.56 points, or 0.7%, to 3,899.89. The Dow Jones Industrial Average gained 197.26 points, or 0.6%, […]
All three major indexes moved with little conviction in the final hour of trading on Monday, as investors remained reluctant to put on big positions ahead of Wednesday’s anticipated rate decision from the Federal Reserve. Dow industrials DJIA, +0.64% were up 55 points, or 0.2%, while the S&P 500 SPX, +0.69% was up by 8 […]
Shares of Amazon.com Inc. AMZN, +0.91% gained 0.2% in afternoon trading Monday, after falling 2.2% in the previous session in the wake of package delivery giant FedEx Corp.’s FDX, +1.17% big profit miss and warning. Analyst Justin Post at BofA Securities said Amazon will not be immune from the global slowdown in package volumes FedEx […]
The United States equities markets and the crypto markets are likely to remain volatile in the near term because traders remain nervous about the size of the next Federal Reserve rate hike on Sept. 20 and 21. While the majority favors a 75 basis point rate hike, according to the CME FedWatch Tool, some analysts […]
A Food and Drug Administration advisory committee is set to meet this week to discuss three cancer therapies. The Oncologic Drugs Advisory Committee is set to meet Wednesday to vote whether the benefits of Spectrum Pharmaceuticals Inc.’s SPPI, -1.85% treatment of patients with certain types of non-small cell lung cancer outweigh the risks. The same […]