Brian Nelson, President of Equity Research at Valuentum Securities, says brand recognition is underpinning the growth in sales for iconic U.S. luxury brands like Tiffany.» Read More
May 21- Tiffany& Co raised its full-year profit forecast after the jewelry chain reported better-than-expected quarterly results as new collections drove sales in the United States, its biggest market.
After a batch of new earnings reports, the overall trend remains the same: disappointing.
NEW YORK, May 21- Wall Street was set for a modestly higher open on Wednesday, with the S&P 500 on track to rebound from a broad selloff in the prior session ahead of the release of minutes from the most recent meeting of the U.S.
May 21- Tiffany& Co raised its full-year profit forecast after the company reported stronger-than-expected quarterly results as its increasing focus on lower-priced jewelry attracted customers in the United States, its biggest market. The company raised its earnings forecast for the year ending Jan. 31 to $4.15- $4.25 per share from $4.05- $4.15 per share.
*New York Federal Reserve President William Dudley said on Tuesday inflation should "drift upwards" towards the Fed's 2 percent goal, but a swift climb in inflation was unlikely; Philadelphia Fed President Charles Plosser said the $2.5 trillion in reserves accumulated by banks could be the trigger for more rapid inflation.
Some of the names on the move ahead of the open.
Tiffany & Co reported a 13 percent rise in sales as the company's increasing focus on lower-priced jewelry attracted U.S. customers.
May 21- Tiffany& Co reported a 13 percent rise in quarterly sales as the company's increasing focus on lower-priced jewelry attracted customers in the United States, its biggest market. Net profit rose to $125.6 million, or 97 cents per share, in the first quarter ended April 30 from $83.6 million, or 65 cents per share, a year earlier.
U.S. stock index futures signaled a higher open, despite ongoing concerns about weak earnings and global central bank policy.
Fed watchers could be spiced up with some new information on the Fed's post-bond buying strategy, which may lead to even more market volatility.
Stocks are likely to take their cue from the bond market, as traders worry low yields are a warning the economy isn't springing back.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
BEIJING/ SAN FRANCISCO, May 14- Alibaba is taking a tougher line against counterfeit items sold on its online marketplaces as the Chinese e-commerce giant heads towards a U.S. stock listing that could be the world's biggest technology company IPO.
Some of Thursday's midday movers:
The rich plan to spend more in 2014. On their wish list: Vacations, home improvement and cars. Fashion and collectibles are not as coveted.
BASEL, Switzerland, March 26- With their hundreds of years of watchmaking experience, Swiss watchmakers can afford to take a long view of technological fads and fashions.
U.S. stocks fell on Friday as investors considered Ukraine ahead of the weekend.
*Nike shares fall after results. Biogen Idec Inc, down 8.2 percent at $318.53, and Gilead Sciences Inc, down 4.6 percent at $72.07, were the two biggest drags on the S&P 500. The Nasdaq biotech index fell 4.4 percent.
*Nike shares fall after results, Tiffany rises. Biogen Idec Inc, down 8 percent to $319.14, and Gilead Sciences Inc, down 3.7 percent to $72.74, were the biggest drags on the S&P 500. The Nasdaq biotech index fell 3.5 percent.
Take a look at some of Friday's midday movers: