Bath & Body Works, Inc. (NYSE:BBWI) saw its shares tumble more than 23% intra-day on Thursday after the company cut its full-year sales growth forecast and reported softer-than-expected third-quarter financial results. The stock had already dropped more than 16% in premarket trading earlier in the morning. The retailer posted earnings of $0.35 per share, missing the $0.40 analyst estimate. Revenue of $1.6 billion came in below expectations of $1.63 billion. Alongside the results, Bath & Body Works introduce ...

A welcome sight it is! Non-farm payrolls from the U.S. Bureau of Labor Statistics (BLS) are not only finally released after a 6+ week government shutdown, but have come in stronger than where they were when we last saw them. Headline jobs gains for September (this is a delayed report) came in at +119K, much better than the downwardly revised -4K reported for August. The Unemployment Rate, meanwhile, ticked up 10 basis points (bps) to +4.4%. It's only the third positive BLS jobs month since May, but the good ...

Walmart Shares Soar 6% After Online Shopping Surge Fuels Earningshttps://t.co/btS4mLow2v https://t.co/A4yCGA8KEG ...

Walmart, the world’s biggest retailer, said it will move its stock listing to the Nasdaq, marking the largest defection in the New York Stock Exchange’s history. https://t.co/ICyuRfZuI4 ...

Group 1 - The Federal Reserve is leaning towards a pause in interest rate hikes in December, indicating a potential shift in monetary policy [1] - The competition in the sports streaming industry is intensifying, with various platforms vying for market share and subscriber growth [1] - Target's incoming CEO is expected to face significant challenges as the company navigates a competitive retail landscape and changing consumer preferences [1]

Group 1: Employment Data - The September nonfarm payrolls are expected to add 50,000 jobs, an increase from the 22,000 estimated in August, with the unemployment rate projected to remain at 4.3% [5] - The Bureau of Labor Statistics (BLS) revised its employment growth number for the year ending March 31, 2025, down by 911,000 jobs [5] - The BLS canceled the October jobs report due to the inability to collect household survey data retroactively [6] Group 2: Netflix and Warner Bros. Discovery - Netflix has indicated it will continue to release Warner Bros. films in theaters if it acquires the studio, despite previously limiting theatrical releases [7] - Warner Bros. has contractual obligations for theatrical releases that Netflix plans to honor [8] - Paramount Skydance's latest bid for Warner Bros. is expected to be around $23.50 per share, while Netflix and Comcast are interested in the streaming and studio operations [9][10] Group 3: ByteDance Valuation - A Chinese investment firm purchased a block of ByteDance shares at a valuation of $480 billion, indicating strong investor interest in the parent company of TikTok [11] - The stock block was priced at approximately $200 million, with a previous valuation of $360 billion for ByteDance [12]

Core Insights - The retailer has revised its profit forecast downward due to a decline in both sales and earnings [1] Group 1 - The company experienced a drop in sales, which has directly impacted its earnings [1] - As a result of the sales decline, the company has adjusted its profit outlook for the upcoming period [1]

U.S. stock futures rose on Thursday after Wednesday’s advances. Futures of major benchmark indices were higher.Investors await September’s job report, which is scheduled to be released today after the end of the record-long government shutdown last week.According to the FOMC minutes, released Wednesday, Federal Reserve officials appear sharply divided on the future path of interest rates. There was a split among participants following their decision to lower the federal funds target range to 3.75%–4.00%. Me ...

Market Overview - U.S. stock futures rose on Thursday following gains from the previous day, with major benchmark indices showing positive movement [1] - Investors are anticipating September's job report, which is set to be released after the recent government shutdown [1] - The Federal Reserve's minutes indicate a division among officials regarding future interest rate paths, following a recent reduction in the federal funds target range to 3.75%–4.00% [1] Treasury Yields and Market Projections - The 10-year Treasury bond yielded 4.13%, while the two-year bond was at 3.60% [2] - Market projections show a 33.8% likelihood of the Federal Reserve cutting interest rates in December [2] Stock Performance - Nvidia Corp. (NASDAQ:NVDA) rose 5.55% in premarket trading after reporting better-than-expected third-quarter results and a strong revenue forecast [6] - Palo Alto Networks Inc. (NASDAQ:PANW) dropped 4.15% despite beating estimates, as its full-year guidance aligned with analyst expectations [6] - Super Micro Computer Inc. (NASDAQ:SMCI) gained 5.87% following the launch of integrated AI factory systems with Nvidia's technology [6] Sector Performance - Information technology, communication services, and materials stocks led gains on Wednesday, while energy and utilities sectors closed lower [7] Analyst Insights - BlackRock maintains a "pro-risk stance" focused on U.S. equities and the AI theme, believing a cooling labor market may allow for interest rate cuts [9] - Despite volatility in tech stocks, BlackRock views the capital-intensive phase of AI development as necessary rather than a warning sign [10] Upcoming Earnings - Walmart Inc. (NYSE:WMT) was up 0.83% ahead of its earnings report, with expectations of earnings at 60 cents per share on revenue of $177.43 billion [12] - Intuit Inc. (NASDAQ:INTU) was 0.37% higher, with analysts expecting earnings of $3.09 per share on revenue of $3.76 billion [12]

Retailer JD Sports said it is taking a “pragmatic approach” to its outlook after its like-for-like sales dropped 1.7% in the third quarter https://t.co/kHqvoBtuFu ...