Bloomin’ Brands Inc. BLMN, -0.56% on Friday reported a lower fourth-quarter profit, but its adjusted earnings for the period beat analyst estimates on a strong holiday season. The owner of Outback Steakhouse, Carrabba’s Italian Grill and Bonefish Grill also said the first three weeks of the first quarter were negatively impacted by weather. The company
Bitcoin clung to the $51,700 support at the start of the week, but signs of weakened buying support emerged as it retraced towards $51,000 amid intensified selling pressure. Short-term analysis indicates an intermediate support at $50,700, with a potential correction trend triggered by a daily close below this level, targeting the next support at $49,500.
UBS issued a rare double-downgrade on Rivian , waving the warning flag amid signs of trouble for the battered electric vehicle stock. Analyst Joseph Spak lowered his rating to sell from buy and slashed his price target to $8 from $24. Spak’s price target implies shares will fall 30.1% from Thursday’s close. “We had been
If you read what I wrote yesterday, you will know that I was delighted by Nvidia’s (NVDA) earnings released after the market close, and not just because I own the stock. It was because in the days leading up to the release, as NVDA lost around 8%, there were rumblings about some kind of conspiracy or
60-Second Guide to Airbnb Arbitrage! Get ready for a rapid revelation with Prada Jones! In just 60 seconds, I’m going to unravel … Original Source
Mixed US Data Pushes XAU/USD Higher, but the Momentum has Been Weakening The price of (XAU) has been holding above 2,020 for several days now. The main factors pushing gold higher this week are the weakening US dollar and increasing demand for safe-haven assets. Yesterday’s preliminary data on February’s US Purchasing Managers’ Indices showed that
U.S. stocks and oil can sometimes move together, but a period of decline for oil ten years ago indicates potential for a steep stock market decline that may begin this summer, according to Tom McClellan, editor of The McClellan Market Report. In what he referred to as a “fun leading indication relationship,” McClellan wrote in
Managing your money properly in retirement is critical for ensuring that it lasts as long as you do. For example, imagine you have $1.3 million in a 401(k) before age 60. While this is a considerable amount, a 4% withdrawal rate would only generate $52,000 per year. You’d also run the risk of running out
A construction site with new apartments in newly built apartment buildings. Patrick Pleul | Picture Alliance | Getty Images Germany’s housebuilding sector has gone from bad to worse in recent months. Economic data is painting a concerning picture, and industry leaders appear uneasy. “The housebuilding sector is, I would say, a little bit in a
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AT&T Inc. said Thursday its cellular network has been restored, after widespread “wireless service interruptions” affected some of its customers earlier in the day, following user reports of outages. Tens of thousands of AT&T T, -2.41% users had flagged service disruptions on Downdetector shortly after 11 a.m. Eastern time. AT&T said it took “immediate action”
Pembina Pipeline (PBA) reported $1.81 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 8.9%. EPS of $0.89 for the same period compares to $0.29 a year ago. The reported revenue represents a surprise of -1.14% over the Zacks Consensus Estimate of $1.83 billion. With the consensus EPS estimate being
Demand for natural gas in Europe is falling, and a peak in LNG prices is on the horizon. Warmer-than-expected winter, and increased supply diversification favor price declines as well. As a result, bears could be targeting the lows near the 20 euro price level. In 2024, invest like the big funds from the comfort of
Sonja Prokopec took her son on their first “solo” trip together when he was six years old. They went to Rome, and it was so memorable that Prokopec said she’s now planning their second trip this summer. “I really enjoy one-on-one time which we have when travelling alone,” she said. “There are no distractions, no