• Dec 03, 2024

Oil Seen Below $60 by Middle of New Trump Term, Survey Shows

(Bloomberg) -- Banks are gearing up for US oil prices to fall below $60 a barrel by the middle of President-elect Donald Trump’s new term in office, according to a survey from law firm Haynes Boone LLP.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsWest Texas Intermediate, the US benchmark, is expected to drop to $58.62 a barrel by 2027, the mean estimate of 26 banks participating in the survey t

  • Dec 03, 2024

Bitcoin Is Up 125%, but These 3 Top Altcoins Are Soaring Even Higher

Make no mistake about it, Bitcoin has been the story of the year in the crypto market. In fact, 12 of the top 20 cryptocurrencies, as ranked by market cap, are either keeping pace with Bitcoin or far surpassing it in overall returns. The three that are on my radar right now are XRP (CRYPTO: XRP), Dogecoin (CRYPTO: DOGE), and Sui (CRYPTO: SUI).

  • Dec 03, 2024

Thor Industries Misses Q1 Estimates Amid Recreational Vehicle Market Weakness, But Optimistic About H2 Recovery

Thor Industries, Inc. (NYSE:THO) shares are trading lower premarket on Wednesday. Quarterly sales of $2.143 billion, down 14.3% year over year, missed the analyst consensus of $2.241 billion. The company reported first-quarter EPS of $(0.03) versus $0.99 prior year. Adjusted EPS of $0.26 missed the consensus of $0.71. North American Towable RV net sales were down 4.9% Y/Y, North American Motorized RV net sales decreased 29.0%, and European RV net sales decreased 14.6% in the quarter. Quarterly g

  • Dec 03, 2024

Foot Locker Cuts Outlook On Soft Consumer Spending In Q3, Stock Tanks

Foot Locker, Inc (NYSE:FL) stock tumbled in the premarket session on Tuesday. The company reported a third-quarter adjusted EPS of $0.33, missing the analyst consensus estimate of $0.41. Quarterly sales of $1.96 billion missed the street view of $2.02 billion. Also Read: Snowflake, Elastic Poised For AI Revolution Gains, Analyst Upgrades The Stocks Total sales decreased 1.4% year over year. Comparable sales grew by 2.4%, led by 2.8% growth in global Foot Locker and Kids Foot Locker comparable sa