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Off-price retail stocks soar as consumers pull back on spending

Off-price retail stocks soar as consumers pull back on spending

by Jiana Smith | Sep 23, 2024

Off-price retailers may prove to be “recession-proof” yet again.  Consumers trading down amid economic concerns have given a boost to off-price retailers. The stocks have been performing well against the index for the past three months, and the outlook for continued...
UAW is going to target Tesla and anti-union Musk among other carmakers

UAW is going to target Tesla and anti-union Musk among other carmakers

by Mariam Kiparoidze | Nov 30, 2023

Photo by Paul Steuber on Unsplash Riding on the momentum after the win with the big three automakers, the United Auto Workers union is launching a huge new quest to unionize workers at other carmakers like Tesla, but faces a staunch anti-union boss Elon Musk in its...
Pfizer is looking for its next blockbusters after Covid. Could one of them be treating cancer?

Pfizer is looking for its next blockbusters after Covid. Could one of them be treating cancer?

by Mariam Kiparoidze | Nov 27, 2023

Photo: Wikimedia Commons Covid made Pfizer a household name and sent its revenues and profits soaring. Now flush with cash and amid its post-covid slump, Pfizer is betting that its next blockbuster drug could be a cancer treatment.  The pharma giant made headlines...
AI Looks Good on Adobe as It Nears Another Revenue Record

AI Looks Good on Adobe as It Nears Another Revenue Record

by Arvelisse Bonilla Ramos | Nov 22, 2023

Analysts believe Adobe’s foray into artificial intelligence will boost its business. The company may soon give clues on just how much.  The software giant is expected to release its fourth-quarter results Dec. 13, and revenue is poised to reach $5 billion for the...
Affordable Cosmetics Brands Attract Consumers, Boosting Beauty Stock Shares

Affordable Cosmetics Brands Attract Consumers, Boosting Beauty Stock Shares

by Arvelisse Bonilla Ramos | Oct 10, 2023

The shares of ELF, Coty, and Inter Parfums continue to swiftly show gains across the market, while health and personal care lead latest retail numbers. Beauty stocks of well positioned brands continue to soar, as they prove to appeal to consumers who continue spending...
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Welcome to Investment Journal, a site covering the world of business right from Times Square. The site is produced by reporters at a newsroom in Times Square at the New York City News Service and the Craig Newmark Graduate School of Journalism at CUNY. Email your comments to greg.david@journalism.cuny.edu.

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