Chicago police are investigating a deadly car accident that followed an alleged burglary at Louis Vuitton’s flagship store in the city’s Magnificent Mile, a high-end shopping corridor that draws tourists from around the world https://t.co/dWeoHnAHns ...

Core Insights - Wall Street has experienced a significant rally since early 2023, with the S&P 500 reaching record highs in 2025, driven by weak August payroll data that increased expectations for a Federal Reserve rate cut [1][2] - The easing inflation pressures and cooling employment data provide the Fed with the flexibility to act without raising recession fears, leading to a bullish market environment [2] - Investors are encouraged to focus on stocks with strong relative price strength, which are likely to continue outperforming during the ongoing bull run [2][4] Stock Recommendations - Recommended stocks based on relative price strength include Kimball Electronics, REV Group, Evercore, Visteon, and Zumiez, all of which show rising earnings outlooks and market-beating performance trends [3][10] - Kimball Electronics has a market capitalization of $725.6 million and has seen a 74.6% increase in shares over the past year, with a 20.2% upward revision in fiscal 2026 earnings estimates [11][12] - REV Group, with a market cap of $3 billion, has experienced a 138.1% increase in shares over the past year and a projected 60.4% growth in 2025 earnings [13][14] - Evercore, a global independent investment banking advisory firm, has a market cap of $3.5 billion and has seen a 43.6% increase in shares, with a projected 34.5% growth in 2025 earnings [15][16] - Visteon, specializing in automotive cockpit electronics, has a market cap of $3.5 billion and a 39.9% increase in shares, with a 14.5% upward revision in earnings estimates [16][17] - Zumiez, a global lifestyle retailer, has a market cap of $360 million, but its shares have decreased by 9.2% over the past year despite a projected 566.7% growth in fiscal 2026 earnings [18][17] Screening Parameters - Stocks are screened based on relative price changes over 1, 4, and 12 weeks, as well as positive current-quarter estimate revisions [8][9] - Only stocks with a Zacks Rank of 1 (Strong Buy) that have historically outperformed the S&P 500 are considered for investment [9]

Group 1: Company Performance - TimesSquare Capital Management reported a gross return of 11.28% and a net return of 11.02% for its "U.S. Small Cap Growth Strategy" in Q2 2025, compared to the Russell 2000 Growth Index return of 11.97% [1] - BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) had a one-month return of -5.27% but gained 20.67% over the last 52 weeks, closing at $97.44 per share with a market capitalization of $12.838 billion on September 10, 2025 [2] - BJ's Wholesale Club reported net sales of approximately $5.3 billion in Q2 2025, reflecting a growth of 3.4% year-over-year [4] Group 2: Investment Insights - The investment strategy for BJ's Wholesale Club focuses on value-oriented or specialty retailers, with strong momentum in consumables despite a slight decline in seasonal big-ticket categories [3] - Management's decision to maintain full-year guidance was viewed as conservative, and the company added to its position in BJ's following a -6% pullback [3] - Although BJ's is not among the 30 most popular stocks among hedge funds, it saw an increase in hedge fund portfolios holding its stock from 43 to 44 in the last quarter [4]

Core Viewpoint - TimesSquare Capital Management's "U.S. Small Cap Growth Strategy" reported a gross return of 11.28% and a net return of 11.02% for Q2 2025, underperforming the Russell 2000 Growth Index which returned 11.97% [1] Group 1: Company Performance - Warby Parker Inc. (NYSE:WRBY) achieved a one-month return of 0.60% and an impressive 88.09% increase in value over the last 52 weeks, closing at $27.01 per share with a market capitalization of $3.294 billion on September 10, 2025 [2] - Warby Parker reported a 14% year-over-year revenue increase in Q2 2025, indicating strong financial performance [4] Group 2: Strategic Partnerships and Market Position - Warby Parker announced a partnership with Google to develop AI-powered glasses, which contributed to a 22% increase in its stock price during the quarter [3] - The company is positioned as a value-oriented retailer in the consumer sector, focusing on both brick-and-mortar and online sales channels [3] Group 3: Hedge Fund Interest - As of the end of Q2 2025, 34 hedge fund portfolios held shares of Warby Parker, a decrease from 38 in the previous quarter, indicating a decline in hedge fund interest [4]

Group 1: Fund Performance - TimesSquare Capital Management's "U.S. Small Cap Growth Strategy" reported a gross return of 11.28% and a net return of 11.02% for Q2 2025, compared to the Russell 2000 Growth Index's return of 11.97% [1] - The fund experienced double-digit returns in Q2 2025, driven by positive global economic activity [1] Group 2: Boot Barn Holdings, Inc. Overview - Boot Barn Holdings, Inc. (NYSE:BOOT) is a lifestyle retail chain specializing in western and work-related footwear, apparel, and accessories [2] - The stock of Boot Barn Holdings, Inc. saw a one-month return of 13.01% and a 52-week gain of 22.03%, closing at $183.60 per share with a market capitalization of $5.61 billion on September 10, 2025 [2] - In Q1 2026, Boot Barn's revenue increased by 19% to $504 million, with consolidated same-store sales rising by 9.4% [4] Group 3: Investment Insights - TimesSquare Capital's U.S. Focus Growth Strategy expressed a preference for value-oriented or specialty retailers, highlighting Boot Barn as a leading investment despite a slight miss in fiscal fourth quarter estimates [3] - Boot Barn's shares jumped 42% following the announcement of forward guidance that aligned with consensus projections, leading to a position trim by the fund [3] - Although Boot Barn Holdings, Inc. shows potential, the company is not among the top 30 most popular stocks among hedge funds, with 39 hedge fund portfolios holding the stock at the end of Q2, up from 34 in the previous quarter [4]

Market Overview - U.S. stock futures rose on Thursday following a mixed close on Wednesday, with major benchmark indices showing positive movement [1] - The Producer Price Index (PPI) decreased by 0.1% in August, contrary to expectations of a 0.3% increase, indicating a slowdown in wholesale inflation from 3.3% to 2.6% year-over-year [2][5] - The 10-year Treasury bond yielded 4.05%, while the two-year bond was at 3.55%, with markets pricing a 100% likelihood of the Federal Reserve cutting interest rates in the upcoming decision [2] Sector Performance - On Wednesday, energy and information technology stocks gained, while most other sectors in the S&P 500 finished lower, particularly consumer discretionary, health care, and consumer staples [4] - The Dow Jones index fell by 220 points (0.48%) to 45,490.92, while the S&P 500 rose by 0.30% to 6,532.04 [7][8] Company Insights - AI-linked stocks saw a rally due to optimism surrounding earnings growth from artificial intelligence, particularly after Oracle Corp. reported a significant backlog of AI-related orders [6] - Chewy, Inc. shares dropped approximately 17% following the release of its second-quarter results [6] - Oracle Corp. experienced a 1.61% increase in stock price, continuing its rally after reporting a record Remaining Performance Obligations (RPO) of $455 billion, a 359% increase year-over-year [19] Economic Indicators - Goldman Sachs projects a 0.37% month-over-month increase in the Consumer Price Index (CPI) for August, leading to a year-over-year inflation rate of 2.9%, slightly above the Wall Street consensus [10][11] - The core CPI, excluding food and energy, is expected to rise by 0.36% month-over-month, bringing the annual rate to 3.13% [11] Future Projections - Analysts suggest that the anticipated easing cycle by the Federal Reserve could lead to a significant reallocation of the $7.4 trillion in money market funds back into equities, potentially fueling the next wave of stock market gains [12][13] - LPL Research indicates that the resumption of monetary policy easing could provide additional support for equity markets, with expectations of continued strong performance driven by AI investments and steady economic growth [14]

Market Overview - Major stock indices closed mixed, with the Dow Industrial Average declining while the S&P and NASDAQ reached record levels [1] - The Dow Industrial Average fell by 220.42 points or 0.48% to 45490.92, while the S&P index rose by 19.43 points or 0.30% to 6532.04, and the NASDAQ index increased by 6.57 points or 0.03% to 21886.06 [4] Company Performance - Oracle's shares surged by $86.82 or 35.95% to $328.33, driven by positive future demand projections despite EPS of $1.47 (versus $1.48 expected) and revenues of $14.93 billion (versus $15.04 billion expected) being below expectations [2] - Nvidia shares increased by 3.81%, Broadcom surged by $32.90 or 9.77%, and AMD gained 2.39% [2] Notable Declines - Significant declines were observed in major companies, including Salesforce Inc (-3.77%), Amazon.com (-3.31%), Apple (-3.23%), McDonald's (-2.10%), Walmart (-1.84%), and Visa A (-1.67%) [3]

Market Performance - U.S. stock markets had a mixed close on September 10, 2025, with the S&P 500 and Nasdaq Composite reaching new all-time highs before paring gains, while the Dow Jones Industrial Average finished down 0.6% [1][2] - The S&P 500 closed marginally higher, adding to its previous record, while the Nasdaq Composite ended down 0.2% after being up for most of the day [2] Economic Data - The August Producer Price Index (PPI) report showed an unexpected 0.1% month-over-month decline, marking the third monthly decrease in 2025 and a reversal from July's 0.7% gain [3][4] - Year-over-year producer inflation slowed to 2.6% from 3.1% in July, easing concerns about wholesale inflation [3] Federal Reserve Expectations - The cooler-than-expected inflation data increased expectations for Federal Reserve interest rate cuts, with traders pricing in a 90% probability of a 25-basis-point reduction at the upcoming FOMC meeting on September 16-17 [4] Major Stock News - Oracle shares surged more than 30% to 40% after a strong outlook for its cloud infrastructure business, forecasting a 77% increase in cloud infrastructure revenue to $18 billion this fiscal year [5] - Other AI-related chipmakers saw gains, with Nvidia rising 3.6%, Broadcom adding 6.2%, and Advanced Micro Devices gaining 3.1% [5] - Apple shares declined approximately 3.5% following the unveiling of the iPhone 17, as investors were disappointed by perceived incremental updates [6] - Synopsys shares plunged around 35% after missing earnings expectations and lowering its full-year outlook due to decreased demand [7] - Chewy's shares dropped by 15-18% despite better-than-expected second-quarter results, as market expectations were for stronger performance [7] - Klarna made its debut on the NYSE with initial gains, while JPMorgan Chase & Co. climbed 1.7% on strong revenue forecasts [8] After-Hours Earnings - Chewy reported fiscal second-quarter results that led to a significant stock price decline despite meeting or slightly exceeding analyst estimates [10]

Company Overview - Klarna Group raised $1.37 billion in its IPO, pricing shares at $40, which is above the expected range of $35-$37, reflecting strong demand from institutional investors [3] - The company's valuation at IPO is approximately $15.1 billion, significantly lower than its peak valuation of over $45 billion in 2021 [3] - GameStop reported a cash pile increase to $8.7 billion, up from $4.2 billion in the previous quarter, while swinging to an operating profit of $56 million in fiscal Q2 [10][11] Financial Performance - Klarna's stock opened at $52, more than 30% above its IPO price, indicating strong market interest [2] - GameStop's balance sheet improved by $4.5 billion, primarily through debt sales, including $4.15 billion from convertible notes [11] - Chewy's profit dropped 80% year-over-year to $0.14 per share due to significant compensation and tax-related expenses [5] Market Trends - The Producer Price Index (PPI) showed a monthly decrease of 0.1% in August, contrasting with expectations of a 0.3% increase, indicating cooling wholesale inflation [7][8] - The annual PPI rise eased to 2.6% from 3.1% in July, which was below the consensus of 3.3% [8] - Analysts expressed concerns about the ad tech sector, particularly regarding the durability of growth amid execution issues and competition [6][7] Strategic Insights - GameStop's future strategy with its cash reserves remains unclear, with suggestions including potential investments in cryptocurrency or acquisitions [12] - Wells Fargo's strategist maintains a bullish outlook on U.S. equities, predicting the S&P 500 could reach 6,650 by year-end, driven by earnings growth rather than multiples [13][14]

Mr Ellison’s net worth climbed above $400bn on Wednesday after the share price of his IT giant Oracle soared.Larry Ellison, the technology mogul and ally of Sir Tony Blair, has overtaken Elon Musk as the world’s richest man after his fortune jumped by $120bn (£89bn) in a single day.That’s all for today but you can read all the latest business and economics news from The Telegraph here .Thanks for joining us on this live blog.“One of the reasons why taxes have risen to such a high level is because there’s be ...