K-Shaped Consumer Spending Gap Has Closed, BofA Data Shows
Lower-income households are now showing stronger year-over-year card spending growth than higher-income groups, reversing a more than year-long trend, according to a Bank of America report.
Latest by Marcus Chen
Rexel Shares Decline on Cautious H2 Margin Outlook Despite Strong H1 Results
Shares of the electrical distributor fell after management warned of second-half margin pressures, overshadowing a beat on first-half 2026 results and an upgraded full-year sales forecast.
Albertsons Stock Extends Decline After Citi, UBS Downgrades
Shares of the grocery chain fell further after analysts at Citi and UBS downgraded the stock to Neutral, citing market share losses and execution risks following a significant earnings miss.
Lufax Stock Slips as CFO, Board Member Resignations Overshadow JPMorgan Upgrade
Shares of the Chinese fintech lender fell after the company announced the departure of its CFO and three board directors, creating leadership uncertainty that outweighed a positive analyst rating.
Bechtle Stock Surges on Strong Preliminary Q2 Results and Raised Outlook
Shares in the German IT services provider jumped over 10% after it reported preliminary second-quarter earnings that beat market expectations and lifted its full-year 2026 forecast.
BofA Names Elanco Top Animal Health Pick Amid Declining Vet Visits, Competition
Bank of America reiterated its 'Buy' rating on Elanco Animal Health but maintained a cautious sector view, citing data showing persistent declines in veterinary visits and increased drug competition.
Kingfisher Placed on Negative Watch by J.P. Morgan on H1 Earnings Risk
The investment bank anticipates the home improvement retailer will miss first-half profit expectations, citing weaker UK trading at its B&Q brand due to a recent heatwave.
Unite Group Shares Decline as Property Devaluation Drives Statutory Loss
The student accommodation provider's stock fell after its first-half results revealed a £417 million statutory loss, driven by a drop in property values that overshadowed an adjusted earnings beat.
Meta and BlackRock Form $14 Billion Joint Venture for Texas AI Data Center
Meta Platforms and investment manager BlackRock have partnered on a joint venture valued at roughly $14 billion to develop and operate a data center campus in El Paso, Texas, to support Meta's expanding AI infrastructure.