Deckers Outdoor Stock Climbs on Jefferies Upgrade to 'Buy'
Shares of the HOKA and UGG parent company rose after Jefferies upgraded the stock to 'Buy' and raised its price target, citing strong earnings guidance and a compelling valuation.
Latest by Elena Volkova
Volkswagen CEO Signals 50,000 More Job Cuts Possible to Address Cost Disadvantage
In an internal memo, Volkswagen CEO Oliver Blume told staff that an additional 50,000 job cuts may be necessary to close a 20% cost gap with rivals, confirming the automaker is considering up to 100,000 total reductions.
CBOT Wheat Futures Climb to Six-Week High on USDA Report Expectations
Wheat futures on the Chicago Board of Trade reached their highest point in six weeks as traders anticipated a U.S. government report expected to show tighter domestic supplies. Concerns over European production also provided support.
Bitcoin Climbs Above $64,000 as Trump's Pro-Crypto Remarks Offset MicroStrategy Sale
Bitcoin's price reversed earlier losses to trade above $64,000 on Monday, as positive comments from former President Donald Trump outweighed selling pressure from a significant divestment by corporate holder MicroStrategy.
Iran Widens Attacks on Gulf States, Declares Strait of Hormuz Closed Amid Clashes with US
Tehran launched missile and drone strikes against U.S. facilities in multiple Gulf nations and announced the closure of a critical oil chokepoint, following a new round of American airstrikes in the escalating conflict.
US Strikes Iranian Missile Systems and IRGC Boats Near Strait of Hormuz, Axios Reports
The United States has reportedly carried out military strikes against Iranian missile systems, air defenses, and IRGC boats in several locations around the critical Strait of Hormuz, according to a report from Axios citing a senior U.S. official.
Bitcoin Consolidates Below $64,700 Resistance, Signaling Potential Volatility Spike
Bitcoin is trading in a narrow range below the critical $64,700 resistance level, with technical indicators suggesting a significant price move may be imminent. Declining trading volume during this consolidation has raised concerns among analysts about a potential 'bull trap'.
Bitcoin Holds Above $64,000 Amid Key U.S. Regulatory and Institutional Developments
The leading cryptocurrency maintained its price level, supported by a U.S. ban on a central bank digital currency and a key federal approval for stablecoin issuer Circle.
Plus500 Shares Tumble on Profit Warning and Margin Squeeze
Shares in the fintech platform plunged after its first-half trading update revealed a significant drop in profit margins and a downgrade to its full-year earnings outlook, spooking investors.