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Fox News
4 days ago
- Business
- Fox News
Hulk Hogan Legacy
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CNBC
22-07-2025
- Business
- CNBC
Shares of department store Kohl's surge 30% in wild trading
A Kohl's store in Pleasant Hill, California, US, on Monday, Nov. 25, 2024. Kohl's Corp. is expected to release earnings figures on November 26. Shares of Kohl's surged on Tuesday morning in volatile trading that echoed the meme stock rallies of recent years. The legacy department store's stock more than doubled from Monday's close of $10.42 per share, only to see those gains wiped out about a half an hour after markets opened. Trading in the stock was temporarily halted at one point Tuesday morning. Still, shares were still trading about 30% higher by around 10:30 a.m. ET. Meanwhile, the trading volume at mid-morning was already more than ten times higher than the average over the last three months. There were no apparent corporate announcements or major stock ratings to send shares soaring on Tuesday, but Kohl's has all the markings of a meme stock. It's a legacy department store that many retail investors grew up shopping at, and it's heavily shorted, with about 50% of shares outstanding sold short, according to Factset. It has a sprawling retail footprint of over 1,100 stores and has been the subject of takeover offers, activist campaigns and bankruptcy watchlists in recent years. There's been recent chatter around Kohl's stock in the Wall Street Bets forum on Reddit, which became popular during the Gamestop short squeeze in 2021. Some pointed to it as a potential squeeze candidate given the short interest and its name recognition among retail investors. When investors flock to a heavily shorted stock, those with short positions may buy more to cover their losses, which can drive the price higher. Beyond its share price, Kohl's business has been struggling for several years. Its sales are falling, it faces rising competition and it's currently led by an interim CEO after its former CEO Ashley Buchanan was ousted over a conflict of interest scandal. In May, Kohl's said it expects sales to fall between 5% and 7% in fiscal 2025, with comparable sales down between 4% and 6%.
Wall Street Journal
21-07-2025
- Business
- Wall Street Journal
NXP Semiconductors Sees Third-Quarter Revenue Falling
NXP Semiconductors NXPI 1.05%increase; green up pointing triangle expects revenue to continue to decline in its third quarter, though at a slower clip, as profit dropped in its latest period. The Netherlands semiconductor company on Monday guided for sales of $3.05 billion to $3.25 billion for the third quarter, the midpoint of which is 3% lower than the year-ago period. Analysts polled by Factset were looking for $3.08 billion.
Free Malaysia Today
18-07-2025
- Business
- Free Malaysia Today
Arms maker Saab sees sales rise, growth potential
Saab CEO Micael Johansson said that following the Nato summit, members of the military alliance committed to increasing defence spending to 5% of GDP. (EPA Images pic) STOCKHOLM : Swedish defence group Saab reported today stronger-than-expected earnings for the second quarter (Q2) in 2025, noting future growth potential due to Nato countries agreeing to increase defence spending. Saab reported sales of SEK19.8 billion (US$2 billion) in Q2, up from SEK15.2 billion a year earlier. It was better than the SEK18.1 billion that analysts were expecting, according to surveys by Factset and Bloomberg. Net income for Q2 came in at SEK1.5 billion, up from SEK1 billion for the same period a year earlier, and beating the SEK1.3 billion that analysts were expecting. 'We are navigating in a world where geopolitical tensions have escalated, mainly driven by the conflicts in the Middle East and the ongoing war in Ukraine,' Saab CEO Micael Johansson said. Johansson also noted that following the Nato summit in June, members of the military alliance had committed to increasing defence spending to 5% of GDP by 2035. 'While this will enable significant growth for our industry, the shift from defence planning and policy alignment to procurement takes time,' Johansson said. He added that the company was 'continuing to invest in capacity increases and… proactively working in close cooperation with our suppliers to secure future deliveries'.
Fox News
18-07-2025
- Sport
- Fox News
2025 British Open Field: Full list of 156 golfers at The Open Championship
Print Close Published July 15, 2025 The 2025 Open Championship returns to Royal Portrush's Dunluce Links for the third time ever. The final men's major of 2025 closes out with the 153rd British Open, featuring a field of 156 players. Below is the current field list in alphabetical order: 2025 British Open Field British Open Alternates Print Close URL This material may not be published, broadcast, rewritten, or redistributed. © FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by Refinitiv Not Sell my Personal Information - New Terms of Use - FAQ
