How Financial Firms Can Extract Value From AI
When ChatGPT launched last November, it revealed that artificial intelligence had gotten smarter and faster than most people had previously imagined. It became clear that AI may soon transform so much of our lives, including every facet of knowledge-based industries. Change is coming especially fast to the financial sector, where companies had already spent years…
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Footwear firm On Holding gains amid M Science note on accelerating volumes
On Holding (NYSE:ONON) rose 5% amid an M Science note on increasing spending volume last month.DTC spending volumes accelerated in the U.S. and European Union in August, according to a M Science note.On Holding’s (ONON) short interest is 9.3%.
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Airbnb’s New York City Ban: What It Means for Investors
The new restrictions signal one of the biggest crackdowns yet on the travel platform.Not much can slow down Airbnb (ABNB 2.28%) these days, it seems. Months of rumors of an “Airbnbust” failed to sap the vacation giant’s growth, nor have sustained weakness in consumer spending, concerns about inflation, or the possibility of a recession. Now,…
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International business and accessories growth fuel Lululemon sales
Accessories and new market entries are keeping Lululemon customers coming back. On Thursday, the company reported its 2023 second quarter earnings, in which revenue jumped by 18% year-over-year to $2.2 billion, while same-store sales increased 11%. Lululemon’s quarterly profit hit $341.6 million, compared to $289.5 million the same period last year.
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Look Past the Retail Doom and Gloom. There Are Still Some Winners.
Many retail stocks have been ravaged amid a tempestuous earnings season.
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Home Depot customers go big on smaller projects
Home Depot customers are still shopping — they’re just shifting their priorities on improvement projects. “Our customers and our contractors tell us that there is some stance of deferral when it comes to large projects. Customers are opting for smaller versus larger,” Home Depot CFO Richard McPhail said during Tuesday’s earnings call. “We are also…
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