Interest in Halloween shopping is usually driven by individuals aged 25 to 34 years and data from the NRF shows that 56% of shoppers within this age group kicked off their shopping before October. This year, retailers have rushed to bring in their holiday season and Halloween shipments early, hedging against potential strikes by port workers and shipping disruptions.
Mercedes-Benz Group AG (MBG.DE, MBGAF) is cutting its full-year sales forecasts, now revising it lower to a range of 7.5% to 8.5% from 11%. The luxury automaker references its languishing sales figure in China amid the country's economic environment. Julie Hyman and Josh Lipton report more on the story. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
TORONTO — Canada's main stock index gained more than one per cent on Thursday, while U.S. stock markets rallied to new records one day after the U.S. Federal Reserve cut its key interest rate.
Shares of FedEx (FDX) are plummeting in after-hours trading. The shipping giant reported first quarter adjusted earnings of $3.60 per share, well short of the expected $4.77. Revenue of $21.6 billion was also shy of the $21.93 billion Wall Street was expecting. For fiscal 2025, FedEx sees earnings of $20.00-$21.00 per share, which is down from its prior guidance of $20.00 to $22.00 per share. In the video above, Market Domination Overtime anchors Julie Hyman and Josh Lipton break down FedEx's results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
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