Nordstrom slashes outlook as holiday sales drop
Nordstrom Inc. late Thursday slashed its fiscal 2022 outlook as it offered offered shoppers more markdowns in the holiday season but still saw a sales drop. Source
January 2023
Read More
Morgan Stanley beats profit and revenue marks
Morgan Stanley stock rose 1.1% in premarket trades Tuesday after the investment bank’s adjusted profit beat Wall Street expectations. Morgan Stanley said its… Source
OPEC leaves oil-demand forecast unchanged
The Organization of the Petroleum Exporting Countries on Tuesday left its forecast for global oil-demand growth unchanged, but noted that the outlook… Source
New York Empire State factory gauge drops sharply in January
The New York Fed's Empire State business conditions index fell steeply to negative 32.9 in January, its lowest reading the worst of the pandemic in 2020. Source
Small-cap stocks outperform so far in 2023 as U
Small-cap stocks are outperforming large-cap U.S. equities this year, in an upbeat start to 2023 after suffering steep losses last year. The Russell 2000 index, which tracks small-cap stocks in the U.S., was up 7.1% this year through Friday, according to FactSet data. That beats the 4.2% gain for t Source
