E-Learning

Why Genesco Stock Is Trading Higher On Friday

Genesco Inc. (NYSE:GCO) shares are trading higher on Friday after the company reported third-quarter financial results. It clocked an adjusted earnings per share of 61 cents, beating the street view of 29 cents. Quarterly revenues of $596.328 million (+3%) beat the analyst consensus estimate of $577.93 million. Comparable sales rose 6%, with e-commerce sales up 15% and store sales increasing 4%. E-commerce accounted for 24% of retail sales. “This result was driven by the initial phase of Journey

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Fed’s Goolsbee Says US Labor Market Still Looks Stable

(Bloomberg) -- Federal Reserve Bank of Chicago President Austan Goolsbee said the labor market appears largely stable despite a bumpy series of data on the US jobs landscape. Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectPointing to the average payroll numbers over recent months, Goolsbee said Friday in a question-an

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Wall Street Bond Sellers Look Toward Bigger Bonus Rewards

(Bloomberg) -- Wall Street bankers who help companies sell debt are poised to get bigger bonuses for their work in 2024 and may collect even higher rewards for next year if issuance trends continue, according to recruiting and compensation specialists.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectSearch firm Options

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HSBC expects S&P 500 index to hit 6,700 by end-2025

"We expect next year's equity returns to be focused on earnings growth as valuations are more stretched," HSBC analysts led by Nicole Inui wrote in a note. The benchmark index has had a good run this year, having gained close to 28% so far, broadly boosted by the so-called 'Magnificent 7' stocks on the artificial intelligence boom. A resilient macro-economic backdrop, continued earnings growth and gradual easing in inflation also further supported the index.

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