2 months ago
The stock market saw solid gains for the major indexes, rebounding off their 21-day moving averages, though small caps fell slightly toward their 50-day line. Federal Reserve Chairman Kevin Warsh leaned hawkish in his Jackson Hole speech, and markets generally seemed to like it. Nvidia (NVDA) surged on booming earnings and blowout guidance, but many chip and AI hardware plays struggled. Negative earnings reactions to Marvell (MRVL) and Everpure (P) didn't help. Meanwhile, Salesforce (CRM), CrowdStrike (CRWD), Okta (OKTA) and Elastic (ESTC) were big software earnings winners, fueling a bisector move. Youth apparel retailer Abercrombie & Fitch (ANF) skyrocketed while ****** 's Sporting Goods (DKS) dived.
The major indexes rose solidly off their 21-day moving averages, not far from record highs, though small caps retreated toward their 50-day line. Fed Chief Kevin Warsh's Jackson Hole speech got a generally positive reaction. Nvidia (NVDA), Salesforce (CRM), CrowdStrike (CRWD), Okta (OKTA), Elastic (ESTC) and Abercrombie & Fitch (ANF) were among the notable earnings winners. Crude oil prices and the 10-year Treasury yield fell, though they came off weekly lows.
Federal Reserve Chairman Kevin Warsh, coming off his July 29 news conference that left Wall Street doubting his inflation-fighting credibility, turned the page with Friday's address at the annual Jackson Hole, Wyo., monetary policy conference. Warsh said his perception is that the economy has strengthened, allowing the Fed to focus on achieving its 2% inflation target. Citing strong business capital spending and strong profit growth, with the exceptions of housing and agriculture, Warsh said he would be "hard pressed to describe broad financial conditions as restrictive." Reaction to his address lifted odds of a Sept. 16 Fed rate hike to 56% from around 35% on Thursday, according to CME Group's FedWatch tool.
The latest inflation data may have added to pressure on Fed Chair Warsh to set a hawkish tone on Friday. The PCE (personal consumption expenditures) price index topped forecasts with a 0.2% rise that kept the 12-month headline inflation rate at 3.7%. Core inflation held at 3.3%, though the figure was 3.344% when unrounded to the nearest tenth of a percent. Q2 GDP growth was unrevised at an unimpressive 1.5%, but the underlying measure of growth was revised to a sizzling 4.2% from 3.9% initially. That reflects final real sales to private domestic purchasers. The Bureau of Labor Statistics said it expects to revise payroll growth in the year through March down by 79,000 overall and 178,000 for the private sector. That would leave 12-month gains of 195,000 overall and 321,000 for private employers.
AI chip leader Nvidia (NVDA) posted a beat-and-raise fiscal second-quarter report and gave a bullish forecast for next year. Nvidia stock jumped on the news. Adjusted earnings surged 112% year over year. Sales soared 106% to $96.2 billion, the fourth straight quarter of accelerating revenue g
The major indexes rose solidly off their 21-day moving averages, not far from record highs, though small caps retreated toward their 50-day line. Fed Chief Kevin Warsh's Jackson Hole speech got a generally positive reaction. Nvidia (NVDA), Salesforce (CRM), CrowdStrike (CRWD), Okta (OKTA), Elastic (ESTC) and Abercrombie & Fitch (ANF) were among the notable earnings winners. Crude oil prices and the 10-year Treasury yield fell, though they came off weekly lows.
Federal Reserve Chairman Kevin Warsh, coming off his July 29 news conference that left Wall Street doubting his inflation-fighting credibility, turned the page with Friday's address at the annual Jackson Hole, Wyo., monetary policy conference. Warsh said his perception is that the economy has strengthened, allowing the Fed to focus on achieving its 2% inflation target. Citing strong business capital spending and strong profit growth, with the exceptions of housing and agriculture, Warsh said he would be "hard pressed to describe broad financial conditions as restrictive." Reaction to his address lifted odds of a Sept. 16 Fed rate hike to 56% from around 35% on Thursday, according to CME Group's FedWatch tool.
The latest inflation data may have added to pressure on Fed Chair Warsh to set a hawkish tone on Friday. The PCE (personal consumption expenditures) price index topped forecasts with a 0.2% rise that kept the 12-month headline inflation rate at 3.7%. Core inflation held at 3.3%, though the figure was 3.344% when unrounded to the nearest tenth of a percent. Q2 GDP growth was unrevised at an unimpressive 1.5%, but the underlying measure of growth was revised to a sizzling 4.2% from 3.9% initially. That reflects final real sales to private domestic purchasers. The Bureau of Labor Statistics said it expects to revise payroll growth in the year through March down by 79,000 overall and 178,000 for the private sector. That would leave 12-month gains of 195,000 overall and 321,000 for private employers.
AI chip leader Nvidia (NVDA) posted a beat-and-raise fiscal second-quarter report and gave a bullish forecast for next year. Nvidia stock jumped on the news. Adjusted earnings surged 112% year over year. Sales soared 106% to $96.2 billion, the fourth straight quarter of accelerating revenue g
2 months ago
Shares of Abercrombie & Fitch (NYSE: ANF) rocketed higher on Wednesday after the apparel and accessories purveyor boosted its full-year profit forecast.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Abercrombie & Fitch's net sales rose 5% year over year to $1.3 billion in its fiscal 2026 second quarter, which ended on Aug. 1. That marked the retailer's 15th straight quarter of growth.
Abercrombie & Fitch saw gains in all its major geographic regions. Its Asia-Pacific segment enjoyed particularly strong growth, with sales up 19%.
The company's Abercrombie and Hollister brands both delivered record Q2 revenue, with sales up 8% and 2%, respectively.
#quarter
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Abercrombie & Fitch's net sales rose 5% year over year to $1.3 billion in its fiscal 2026 second quarter, which ended on Aug. 1. That marked the retailer's 15th straight quarter of growth.
Abercrombie & Fitch saw gains in all its major geographic regions. Its Asia-Pacific segment enjoyed particularly strong growth, with sales up 19%.
The company's Abercrombie and Hollister brands both delivered record Q2 revenue, with sales up 8% and 2%, respectively.
#quarter
2 months ago
Slipped 0.04% to 7,675, the S&P 500 (SNPINDEX:^GSPC) drifted lower alongside a 0.08% decline to 26,130 for the Nasdaq Composite (NASDAQINDEX:^IXIC), while a 0.21% drop to 53,464 for the Dow Jones Industrial Average (DJINDICES:^DJI) snapped its three-day winning streak.
Abercrombie & Fitch (NYSE:ANF) shares soared 36% after the retailer raised its full-year guidance on a second-quarter earnings beat.
Elsewhere, Meta Platforms (NASDAQ:META) saw volatile trading after settling a legal dispute for 17 billion. In similar, but unrelated news, Snap Inc. (NYSE:SNAP) saw its shares decline 9% as Pennsylvania's Attorney General filed a lawsuit against the company due to its addictive features and child safety concerns -- much like Meta's settlement laid out.
Meta's $17 billion settlement with dozens of states over its child safety concerns stole the headlines today, but its stock was largely flat, as the market had already somewhat anticipated this possibility. Meta agreed to certain terms for users under 18 across both Facebook and Instagram, including:
a default two-hour max
#NASDAQ #snap #billion #child
Abercrombie & Fitch (NYSE:ANF) shares soared 36% after the retailer raised its full-year guidance on a second-quarter earnings beat.
Elsewhere, Meta Platforms (NASDAQ:META) saw volatile trading after settling a legal dispute for 17 billion. In similar, but unrelated news, Snap Inc. (NYSE:SNAP) saw its shares decline 9% as Pennsylvania's Attorney General filed a lawsuit against the company due to its addictive features and child safety concerns -- much like Meta's settlement laid out.
Meta's $17 billion settlement with dozens of states over its child safety concerns stole the headlines today, but its stock was largely flat, as the market had already somewhat anticipated this possibility. Meta agreed to certain terms for users under 18 across both Facebook and Instagram, including:
a default two-hour max
#NASDAQ #snap #billion #child
2 months ago
Shares of Urban Outfitters (NASDAQ: URBN) charged sharply higher on Wednesday, surging as much as 8.5%. As of 2:46 p.m. ET, the stock was still up 8.4%.
The catalyst that drove the apparel retailer higher was robust results released by a competitor.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Abercrombie & Fitch (NYSE: ANF) released the results for its fiscal 2026 second quarter (ended Aug. 1), and shareholders rejoiced. The company generated record second-quarter net sales that rose 5% to $1.3 billion, marking its 15 consecutive quarter of growth. The gains were broad-based, with net sales in the Americas up 5%, sales in Asia Pacific (APAC) up 19%, and sales in Europe, the Middle East, and Africa (EMEA) up 2%. It also marked the best-ever second quarter across brands, with Abercrombie brands up 8% and Hollister up 2%.
Strong sales growth also boosted profits as adjusted earnings per diluted share (EPS) rose 79% to $4.17. It's worth noting that the results got a $100 million benefit -- or EPS of $1.75 -- from tariff refunds. The Supreme Court recently ruled that tariffs imposed by the Trump administration using the International Emergency Economic Powers Act (IEEPA) were illegal, prompting the refunds. However, even excluding the impact of the tariff refund, Abercrombie surpassed expectations.
#NVIDIA #second #higher #released
The catalyst that drove the apparel retailer higher was robust results released by a competitor.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Abercrombie & Fitch (NYSE: ANF) released the results for its fiscal 2026 second quarter (ended Aug. 1), and shareholders rejoiced. The company generated record second-quarter net sales that rose 5% to $1.3 billion, marking its 15 consecutive quarter of growth. The gains were broad-based, with net sales in the Americas up 5%, sales in Asia Pacific (APAC) up 19%, and sales in Europe, the Middle East, and Africa (EMEA) up 2%. It also marked the best-ever second quarter across brands, with Abercrombie brands up 8% and Hollister up 2%.
Strong sales growth also boosted profits as adjusted earnings per diluted share (EPS) rose 79% to $4.17. It's worth noting that the results got a $100 million benefit -- or EPS of $1.75 -- from tariff refunds. The Supreme Court recently ruled that tariffs imposed by the Trump administration using the International Emergency Economic Powers Act (IEEPA) were illegal, prompting the refunds. However, even excluding the impact of the tariff refund, Abercrombie surpassed expectations.
#NVIDIA #second #higher #released
2 months ago
Updated Aug 26, 2026, 11:27 am EDT / Original Aug 26, 2026, 8:02 am EDT
Shares of Abercrombie & Fitch
ANF
+37.90%
rose sharply Wednesday after the clothing retailer’s fiscal second-quarter earnings and profit outlook came in above expectations even as sale-store sales remained under pressure.
ANF
+37.90%
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
#original #fitch #company #reserved
Shares of Abercrombie & Fitch
ANF
+37.90%
rose sharply Wednesday after the clothing retailer’s fiscal second-quarter earnings and profit outlook came in above expectations even as sale-store sales remained under pressure.
ANF
+37.90%
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
#original #fitch #company #reserved
2 months ago
The second quarter earnings season is nearly complete, with Nvidia's (NVDA) Q2 results on Wednesday serving as a keystone to a remarkably strong stretch of corporate reports.
According to FactSet data, second quarter earnings for S&P 500 companies are on pace to rise 50% year over year, the highest growth rate since 2021. Artificial intelligence has been the growth engine of that broad-based earnings growth, Bank of America strategists noted.
In addition to Nvidia's results, investors watched for key updates from dollar stores Dollar Tree (DLTR) and Dollar General (DG); software companies, such as Salesforce (CRM), Intuit (INTU), and Zoom (ZM); and other retailers like ****** 's Sporting Goods (DKS) and Kohl's (KSS).
Abercrombie & Fitch (ANF) shares jumped 9% in premarket trading after the retailer reported an earnings beat
In Q2, Abercrombie reported net income per share of $4.17, inclusive of a $1.75 benefit from tariff refunds. That surpassed Wall Street ****** yst expectations for earnings of $1.97, per S&P Global Market Intelligence.
#abercrombie
According to FactSet data, second quarter earnings for S&P 500 companies are on pace to rise 50% year over year, the highest growth rate since 2021. Artificial intelligence has been the growth engine of that broad-based earnings growth, Bank of America strategists noted.
In addition to Nvidia's results, investors watched for key updates from dollar stores Dollar Tree (DLTR) and Dollar General (DG); software companies, such as Salesforce (CRM), Intuit (INTU), and Zoom (ZM); and other retailers like ****** 's Sporting Goods (DKS) and Kohl's (KSS).
Abercrombie & Fitch (ANF) shares jumped 9% in premarket trading after the retailer reported an earnings beat
In Q2, Abercrombie reported net income per share of $4.17, inclusive of a $1.75 benefit from tariff refunds. That surpassed Wall Street ****** yst expectations for earnings of $1.97, per S&P Global Market Intelligence.
#abercrombie
2 months ago
GROVE CITY, Pa. (WKBN) - The WKBN viewing area is well represented on the Grove City College football team this Fall.
A total of eight local players are on the Wolverines' 2026 roster, and all of them are shown in the attached photograph.
Front row, left to right: senior safety Peyton Ahlquist (Canfield), senior safety Johnny Ruggles (Austintown Fitch), graduate student safety Ryan Montgomery (Slippery Rock) and senior linebacker Jase Herrick (Greenville).
Back row, left to right: junior wide receiver John Perry (Howland), freshman defensive end Jacob Coulter (Wilmington), senior offensive tackle Alex Winklevoss (Reynolds) and sophomore safety Ian Odille (Warren John F. Kennedy).
Grove City will kick off the 2026 regular season on September 5 against Cortland (N.Y.).
#safety #left
A total of eight local players are on the Wolverines' 2026 roster, and all of them are shown in the attached photograph.
Front row, left to right: senior safety Peyton Ahlquist (Canfield), senior safety Johnny Ruggles (Austintown Fitch), graduate student safety Ryan Montgomery (Slippery Rock) and senior linebacker Jase Herrick (Greenville).
Back row, left to right: junior wide receiver John Perry (Howland), freshman defensive end Jacob Coulter (Wilmington), senior offensive tackle Alex Winklevoss (Reynolds) and sophomore safety Ian Odille (Warren John F. Kennedy).
Grove City will kick off the 2026 regular season on September 5 against Cortland (N.Y.).
#safety #left
2 months ago
America's biggest retailers are now sitting on tariff refund checks from the federal government. How they plan to spend the billions of dollars in returns is up to them.
The retailers, including Amazon (AMZN), Target (TGT), and Walmart (WMT), are taking various approaches. Some have offset their costs and cushioned their margins, while others have invested in marketing and cutting prices. In a small number of cases, some even claim plans to return the money to customers.
David Silverman, senior director at Fitch Ratings, noted that the billions in refunds present a predicament for businesses because of the "perception by consumers that they ultimately paid the cost of those tariffs through higher prices."
As of late July, the Trump administration returned more than $100 billion to businesses following the Supreme Court's ruling in February that struck down tariffs imposed under the 1977 International Emergency Economic Powers Act (IEEPA). That's about 60% of the total $166 billion collected under the IEEPA tariffs.
The tariff environment is a "wild card," CFRA **** yst Arun Sundaram said, noting that "[It's] kind of different how each retailer is handling it, and it's also different between how much tariff refunds each retailer is getting."
#tariff #tariffs #prices #different
The retailers, including Amazon (AMZN), Target (TGT), and Walmart (WMT), are taking various approaches. Some have offset their costs and cushioned their margins, while others have invested in marketing and cutting prices. In a small number of cases, some even claim plans to return the money to customers.
David Silverman, senior director at Fitch Ratings, noted that the billions in refunds present a predicament for businesses because of the "perception by consumers that they ultimately paid the cost of those tariffs through higher prices."
As of late July, the Trump administration returned more than $100 billion to businesses following the Supreme Court's ruling in February that struck down tariffs imposed under the 1977 International Emergency Economic Powers Act (IEEPA). That's about 60% of the total $166 billion collected under the IEEPA tariffs.
The tariff environment is a "wild card," CFRA **** yst Arun Sundaram said, noting that "[It's] kind of different how each retailer is handling it, and it's also different between how much tariff refunds each retailer is getting."
#tariff #tariffs #prices #different
2 months ago
America's biggest retailers are now sitting on tariff refund checks from the federal government. How they plan to spend the billions of dollars in returns is up to them.
The retailers, including Amazon (AMZN), Target (TGT), and Walmart (WMT), are taking various approaches. Some have offset their costs and cushioned their margins, while others have invested in marketing and cutting prices. In a small number of cases, some even claim plans to return the money to customers.
David Silverman, senior director at Fitch Ratings, noted that the billions in refunds present a predicament for businesses because of the "perception by consumers that they ultimately paid the cost of those tariffs through higher prices."
As of late July, the Trump administration returned more than $100 billion to businesses following the Supreme Court's ruling in February that struck down tariffs imposed under the 1977 International Emergency Economic Powers Act (IEEPA). That's about 60% of the total $166 billion collected under the IEEPA tariffs.
The tariff environment is a "wild card," CFRA **** yst Arun Sundaram said, noting that "[It's] kind of different how each retailer is handling it, and it's also different between how much tariff refunds each retailer is getting."
#billions
The retailers, including Amazon (AMZN), Target (TGT), and Walmart (WMT), are taking various approaches. Some have offset their costs and cushioned their margins, while others have invested in marketing and cutting prices. In a small number of cases, some even claim plans to return the money to customers.
David Silverman, senior director at Fitch Ratings, noted that the billions in refunds present a predicament for businesses because of the "perception by consumers that they ultimately paid the cost of those tariffs through higher prices."
As of late July, the Trump administration returned more than $100 billion to businesses following the Supreme Court's ruling in February that struck down tariffs imposed under the 1977 International Emergency Economic Powers Act (IEEPA). That's about 60% of the total $166 billion collected under the IEEPA tariffs.
The tariff environment is a "wild card," CFRA **** yst Arun Sundaram said, noting that "[It's] kind of different how each retailer is handling it, and it's also different between how much tariff refunds each retailer is getting."
#billions
2 months ago
LEOMINSTER ‒ When Jeff Bercume, the CEO of the Boys & Girls Club of Fitchburg and Leominster, was looking for a way to celebrate the amount of talented athletes in the North County, creating the North Central Mass. High School Basketball Showcase was an easy decision.
So on Saturday, August 15, many of those athletes took part in a wonderful day of basketball on the outdoor court behind the building.
"We wanted to have an event that brought the community together that put kids at the forefront of the work that we do," said Bercume, who is also an ***** istant baseball coach at St. John's, where he graduated from before playing college baseball at Merrimack University and signing a minor league deal with the Oakland Athletics. "And so with the help of local high school coaches, they nominated their players and we got the best ... to be here today."
So, Bercume and his team surveyed local coaches for talented players and split them up into two teams, Team Fire and Team Ice, each with around 10 players.
"More or less, if the town itself touches Fitchburg or Leominster, we wanted that town to be represented here," Bercume said. "So we just introduced ourselves to those coaches and asked them to nominate their best players, and those players got selected to be on the roster."
#players #leominster #high
So on Saturday, August 15, many of those athletes took part in a wonderful day of basketball on the outdoor court behind the building.
"We wanted to have an event that brought the community together that put kids at the forefront of the work that we do," said Bercume, who is also an ***** istant baseball coach at St. John's, where he graduated from before playing college baseball at Merrimack University and signing a minor league deal with the Oakland Athletics. "And so with the help of local high school coaches, they nominated their players and we got the best ... to be here today."
So, Bercume and his team surveyed local coaches for talented players and split them up into two teams, Team Fire and Team Ice, each with around 10 players.
"More or less, if the town itself touches Fitchburg or Leominster, we wanted that town to be represented here," Bercume said. "So we just introduced ourselves to those coaches and asked them to nominate their best players, and those players got selected to be on the roster."
#players #leominster #high
3 months ago
American Eagle Outfitters (NYSE:AEO) operates as a fashion and lifestyle retail enterprise offering clothing, accessories, and personal care items primarily under its American Eagle and Aerie labels.
While it recently initiated a phased shutdown of its third-party logistics business, it reported an approximately 2% net income margin for the quarter ended May 2, 2026.
Abercrombie & Fitch (NYSE:ANF) operates as an omnichannel retailer selling apparel and accessories for men, women, and kids across several brands, including Hollister.
It opened a new flagship store in New York in June 2026, and it recorded an approximately 6% net income margin for the quarter ended May 2, 2026.
Revenue here refers to the data provider's standardized income-statement revenue line item, and tracking this top-line figure helps investors evaluate the overall size and sales trajectory of a business.
While it recently initiated a phased shutdown of its third-party logistics business, it reported an approximately 2% net income margin for the quarter ended May 2, 2026.
Abercrombie & Fitch (NYSE:ANF) operates as an omnichannel retailer selling apparel and accessories for men, women, and kids across several brands, including Hollister.
It opened a new flagship store in New York in June 2026, and it recorded an approximately 6% net income margin for the quarter ended May 2, 2026.
Revenue here refers to the data provider's standardized income-statement revenue line item, and tracking this top-line figure helps investors evaluate the overall size and sales trajectory of a business.
4 months ago
AppLovin Corporation (NASDAQ:APP) is one of the Best Monopoly Stocks to Buy According to Hedge Funds. On July 7, Wells Fargo lifted the price objective on the company's stock to $575 from $571, and maintained an "Overweight" rating. The **** yst noted that mobile game checks in Q2 reflect weakness in the return on advertising spend because of cost-per-install inflation.
Furthermore, AppLovin Corporation (NASDAQ:APP)'s category share has peaked at ~45%, added the **** yst. Also, web advertising share of wallet is 5% – 10% and did not change much on a YTD basis. The new advertiser growth is modest. As per the **** yst, the setup heading into Q2 earnings remains tough.
In a different update, Fitch Ratings upgraded AppLovin Corporation (NASDAQ:APP)'s Long-Term Issuer Default Rating to 'BBB+' from 'BBB'. Also, it upgraded the company's revolving credit facility and unsecured notes to 'BBB+' from 'BBB'. The upgrade is backed by AppLovin Corporation (NASDAQ:APP)'s leading and strong market position in mobile gaming and elevated scale of spend on its platforms.
AppLovin Corporation (NASDAQ:APP) is a technology company that provides AI-powered software solutions designed to help businesses, primarily mobile app developers, grow by acquiring users and monetizing their apps.
While we acknowledge the potential of APP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Furthermore, AppLovin Corporation (NASDAQ:APP)'s category share has peaked at ~45%, added the **** yst. Also, web advertising share of wallet is 5% – 10% and did not change much on a YTD basis. The new advertiser growth is modest. As per the **** yst, the setup heading into Q2 earnings remains tough.
In a different update, Fitch Ratings upgraded AppLovin Corporation (NASDAQ:APP)'s Long-Term Issuer Default Rating to 'BBB+' from 'BBB'. Also, it upgraded the company's revolving credit facility and unsecured notes to 'BBB+' from 'BBB'. The upgrade is backed by AppLovin Corporation (NASDAQ:APP)'s leading and strong market position in mobile gaming and elevated scale of spend on its platforms.
AppLovin Corporation (NASDAQ:APP) is a technology company that provides AI-powered software solutions designed to help businesses, primarily mobile app developers, grow by acquiring users and monetizing their apps.
While we acknowledge the potential of APP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
4 months ago
Add another gold medal to Scott Fitch's collection.
Fitch, the longtime Fairport boys' basketball coach, recently led the USA Basketball U17 Men's National Team to gold at the 2026 FIBA U17 World Cup in Istanbul, Turkey. He's now won six gold medals with Team USA as either an **** istant or head coach.
Fitch served as head coach for the Americans at Istanbul. His squad defeated Serbia in the championship game, completing a 7-0 tournament and posting the United States' eighth consecutive gold at this event.
Standing atop the podium as the Star Spangled Banner played made for what Fitch called a "surreal moment."
"You try and picture it or figure out what it's going to feel like," Fitch said upon returning to New York. "But you can't until you're actually there."
Fitch, the longtime Fairport boys' basketball coach, recently led the USA Basketball U17 Men's National Team to gold at the 2026 FIBA U17 World Cup in Istanbul, Turkey. He's now won six gold medals with Team USA as either an **** istant or head coach.
Fitch served as head coach for the Americans at Istanbul. His squad defeated Serbia in the championship game, completing a 7-0 tournament and posting the United States' eighth consecutive gold at this event.
Standing atop the podium as the Star Spangled Banner played made for what Fitch called a "surreal moment."
"You try and picture it or figure out what it's going to feel like," Fitch said upon returning to New York. "But you can't until you're actually there."
4 months ago
An 18-year-old in search of her first fancy handbag appears to be one of the biggest business drivers for Tapestry (TPR), owner of Coach and Kate Spade.
"The great news is that 25 million women in the markets where we serve today will turn 18 this year and every year for the next 10 years. So that provides a tremendous opportunity," Tapestry CEO Joanne Crevoiserat told Yahoo Finance at the Cannes Lions Festival of Creativity on Wednesday.
"Then we have to do the work to understand culture, understand the customer," she added. "An interesting insight is that a Gen Z consumer gives us about 60 seconds when they cross the threshold of a store to determine whether they want to be there. Sixty seconds is all we have to have that customer feel like it's a brand for them."
The data-loving Crevoiserat has emerged as one of the most successful leaders in modern luxury retail, transforming Tapestry through a disciplined focus on brand building, quality products, digital innovation, and consumer engagement.
Before her tenure at Tapestry, Crevoiserat served as chief operations officer at Abercrombie & Fitch (ANF) and held senior leadership positions at Kohl's (KSS), Walmart (WMT), and May Department Stores.
"The great news is that 25 million women in the markets where we serve today will turn 18 this year and every year for the next 10 years. So that provides a tremendous opportunity," Tapestry CEO Joanne Crevoiserat told Yahoo Finance at the Cannes Lions Festival of Creativity on Wednesday.
"Then we have to do the work to understand culture, understand the customer," she added. "An interesting insight is that a Gen Z consumer gives us about 60 seconds when they cross the threshold of a store to determine whether they want to be there. Sixty seconds is all we have to have that customer feel like it's a brand for them."
The data-loving Crevoiserat has emerged as one of the most successful leaders in modern luxury retail, transforming Tapestry through a disciplined focus on brand building, quality products, digital innovation, and consumer engagement.
Before her tenure at Tapestry, Crevoiserat served as chief operations officer at Abercrombie & Fitch (ANF) and held senior leadership positions at Kohl's (KSS), Walmart (WMT), and May Department Stores.
11 months ago
The global economy is heading into a period of its weakest expansion since the pandemic, but both Fitch Ratings and the OECD say the outlook is slightly more resilient than previously feared, helped along by a powerful surge in artificial intelligence–related investment that is offsetting the adverse impacts of import tariffs imposed by the US.
https://invezz.com/news/20...
https://invezz.com/news/20...
