Latest news with #NewYorkStockExchange
Mint
4 hours ago
- Business
- Mint
Is the US stock market closed this Juneteenth? All you need to know
There are some pre-fixed days when major US stock exchanges remain non-operational. These majorly include federal holidays, and the likes of Nasdaq and New York Stock Exchange (NYSE) remain closed on these days. In some cases, if a holiday lands on a weekend, the markets close on Friday before or the Monday after. Juneteenth marks June 19, 1865. That's when enslaved people in Texas finally learned they were free. Major General Gordon Granger announced it in Galveston. This happened two years after the Emancipation Proclamation. Enforcement lagged badly, especially in remote Confederate areas like Texas. For generations, Black communities celebrated this freedom day. Activists pushed tirelessly for wider recognition. They saw it as crucial American history. Growing public support led to action. In 2021, Congress passed the Juneteenth National Independence Day Act. President Biden signed it into law. Making it a federal holiday acknowledges a painful past, and it also celebrates the African-American resilience and the nation's hard-won freedom. Juneteenth falls on June 19, which is a federal holiday in the United States. According to the NYSE and Nasdaq calendars, June 19 will see the stock exchanges remaining closed due to the Juneteenth National Independence Day celebrations. Juneteenth this year falls on a Thursday, which means trading during any other day of the week will not be affected. Other than June 19, no other holidays fall in June that will see the US stock market closed. The next federal holiday is the US Independence Day, which falls on July 4, 2025. On this day again, Nasdaq and NYSE will remain closed for the day. Labor Day, September 01, 2025 Thanksgiving Day, November 27, 2025 Christmas Day, December 25, 2025
Yahoo
7 hours ago
- Business
- Yahoo
Build-A-Bear Workshop, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Build-A-Bear Workshop, Inc. (NYSE:BBW) just released its first-quarter report and things are looking bullish. The company beat forecasts, with revenue of US$128m, some 8.0% above estimates, and statutory earnings per share (EPS) coming in at US$1.17, 35% ahead of expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Taking into account the latest results, the consensus forecast from Build-A-Bear Workshop's three analysts is for revenues of US$521.5m in 2026. This reflects an okay 2.2% improvement in revenue compared to the last 12 months. Statutory earnings per share are forecast to drop 10% to US$3.88 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$514.7m and earnings per share (EPS) of US$3.95 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates. View our latest analysis for Build-A-Bear Workshop The consensus price target rose 9.2% to US$59.33despite there being no meaningful change to earnings estimates. It could be that the analystsare reflecting the predictability of Build-A-Bear Workshop's earnings by assigning a price premium. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Build-A-Bear Workshop, with the most bullish analyst valuing it at US$60.00 and the most bearish at US$58.00 per share. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Build-A-Bear Workshop is an easy business to forecast or the the analysts are all using similar assumptions. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Build-A-Bear Workshop's past performance and to peers in the same industry. We would highlight that Build-A-Bear Workshop's revenue growth is expected to slow, with the forecast 3.0% annualised growth rate until the end of 2026 being well below the historical 13% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.7% per year. Factoring in the forecast slowdown in growth, it seems obvious that Build-A-Bear Workshop is also expected to grow slower than other industry participants. The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving. With that in mind, we wouldn't be too quick to come to a conclusion on Build-A-Bear Workshop. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Build-A-Bear Workshop analysts - going out to 2028, and you can see them free on our platform here. Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News18
2 days ago
- Entertainment
- News18
Harsh Goenka Reacts To Baraat On New York Street: ‘Indians Everywhere'
Last Updated: The video showed a "400-person baraat" dancing and celebrating in the heart of Lower Manhattan. Business tycoon Harsh Goenka recently reacted to a unique celebration unfolding on the streets of New York. A video of a jubilant Indian baraat making its way down Wall Street went viral, catching the attention of many, including Goenka, who re-shared the clip on his official X (formerly Twitter) account. Sharing the video, he wrote, 'Wall Street was once ruled by bulls and bears. Now it's dhols and baraats. Indians everywhere." The video, originally shared on Instagram by a professional DJ artist, showed a '400-person baraat" dancing and celebrating in the heart of Lower Manhattan. People dressed in traditional Indian clothes were seen enjoying themselves to energetic music against the backdrop of the New York skyline. Wall Street was once ruled by bulls and it's dhols and everywhere 🇮🇳💃🏽📈 — Harsh Goenka (@hvgoenka) May 30, 2025 The DJ, positioned at the back of an open vehicle, was seen mixing beats and setting the mood, while dhol players amped up the energy by beating their drums with full force. A caption shared with the video read, 'We shut down Wall Street for a 400-person Baraat – who would have ever thought?! Definitely a once-in-a-lifetime kind of magic." The DJ in the clip said, 'You won't believe what just happened. We shut down Wall Street for a 400-person baraat." Goenka's post drew all kinds of reactions. Some found it joyful and fun, while others were more critical. One user said, 'Donald Trump would not like it!" Another commented, 'The spirit of India is not confined to its borders; it's a global phenomenon," while someone added, 'Indians bring happiness." A sarcastic take on the video reads, 'NASDAQ to 'NACH'DAQ." Meanwhile, one person wrote, 'Indians need to adapt to the community that we choose to migrate to, rather than impose ourselves on them. The rise in hatred towards Indians in many developed nations is because most Indians choose the latter, become noisy and a nuisance. I have spent considerable time overseas." Another added, 'But why do it in a foreign land??? If you are so much in love with your customs and traditions, then either don't leave your country or come down here to celebrate. Why trouble other people?" 'What is great about showing off wealth. We should stop applying a Bollywood lens on the real world. Ruling Wall Street. Kuch bhi (Too much)," an individual remarked. Wall Street is a well-known street in the Financial District of Lower Manhattan, New York City. It is considered the centre of finance in the US and is home to the New York Stock Exchange (NYSE) and other major financial institutions. It is a hub for trading stocks and bonds, significantly impacting the global economy. First Published:
Straits Times
2 days ago
- Business
- Straits Times
US stocks mixed as China trade tensions fuel unease
Traders working on the floor of the New York Stock Exchange, in New York City, on May 30. PHOTO: REUTERS NEW YORK - Wall Street stocks saw a mixed end to the day on May 30, as trade tensions between the United States and China heated up with President Donald Trump accusing Beijing of violating a tariff de-escalation deal. The Dow Jones Industrial Average edged up 0.1 per cent to 42,270.07, but the broad-based S&P 500 Index was flat at 5,911.69. The tech-focused Nasdaq Composite Index slipped 0.3 per cent to 19,113.77. 'If it weren't for the trade war, the market would be feeling pretty good,' said Mr Tom Cahill, of Ventura Wealth Management. 'Inflation is definitely moving in the right direction,' he added, referencing an inflation gauge that cooled more than expected in April. The Federal Reserve's preferred inflation measure – the personal consumption expenditures price index – rose 2.1 per cent from a year ago, down from the figure in March. But investors remained nervous as Mr Trump took aim at China early on May 30, writing on his Truth Social platform that Beijing 'totally violated its agreement with us.' Washington and Beijing had agreed to mutually lower tariffs on each other's imports this month, bringing levels down from triple digits for 90 days. Mr Trump's remarks, however, reignited fears that the president could return to a more confrontational approach towards the world's second biggest economy. Mr Jose Torres, senior economist at Interactive Brokers, said in a note: 'Wall Street is worried that this Friday morning's remarks are just a warmup of what's to come.' AFP Join ST's Telegram channel and get the latest breaking news delivered to you.
RTHK
2 days ago
- Business
- RTHK
US stocks end mixed after Trump China comments
US stocks end mixed after Trump China comments Traders work on the floor of the New York Stock Exchange. Photo: AFP Wall Street stocks saw a mixed end to the day on Friday, as trade tensions between the United States and China heated up with President Donald Trump accusing Beijing of violating a tariff de-escalation deal. The Dow Jones Industrial Average edged up 0.1 percent to 42,270.07, but the broad-based S&P 500 Index was flat at 5,911.69. The tech-focused Nasdaq Composite Index slipped 0.3 percent to 19,113.77. "If it weren't for the trade war, the market would be feeling pretty good," said Tom Cahill of Ventura Wealth Management. "Inflation is definitely moving in the right direction," he added, referencing an inflation gauge that cooled more than expected last month. The Federal Reserve's preferred inflation measure -- the personal consumption expenditures price index -- rose 2.1 percent from a year ago, down from the figure in March. But investors remained nervous as Trump took aim at China early on Friday, writing on his Truth Social platform that Beijing "totally violated its agreement with us." Washington and Beijing had agreed to mutually lower tariffs on each other's imports this month, bringing levels down from triple digits for 90 days. Trump's remarks, however, reignited fears that the president could return to a more confrontational approach towards the world's second biggest economy. Jose Torres, senior economist at Interactive Brokers, said in a note: "Wall Street is worried that this Friday morning's remarks are just a warmup of what's to come." Liu Pengyu, a spokesperson for China's embassy in Washington, said China has maintained communications on trade matters with US counterparts since the Geneva talks, but raised concerns about US export controls. "Recently, China has repeatedly raised concerns with the US regarding its abuse of export control measures in the semiconductor sector and other related practices," Liu said in a statement. "China once again urges the US to immediately correct its erroneous actions, cease discriminatory restrictions against China and jointly uphold the consensus reached at the high-level talks in Geneva." (AFP, Reuters)
