A measure of wholesale prices increased less than expected in March, providing some potential relief from worries that inflation will hold higher for longer than many economists had expected.The producer price index rose 0.2% for the month, less than the 0.3% estimate from the Dow Jones consensus and not as…

Check out the companies making the biggest moves in premarket trading: CarMax — Shares sank 9% after the used-car retailer reported an earnings and revenue miss for its fourth quarter. CarMax’s earnings came in at 32 cents per share, versus the 49 cents expected from analysts polled by LSEG. Revenue…

Lands’ End (NASDAQ:LE) is an online apparel retailer focused on vacation occasions, mostly swimwear and outerwear, with an adjacent uniform business. Since spinning off from Sears in 2014, the company’s operations have been okay but not outstanding. It has consistently suffered from overleverage. Today, despite being operationally profitable, Lands’ End…

Check out the companies making headlines in premarket trading. Nvidia — Stock in the chipmaker slipped less than 1% before the opening bell, but the artificial intelligence play and “Magnificent Seven” leader officially entered correction territory on Tuesday. Shares have fallen 10% from an all-time closing high of $950 per…

The World Trade Organization on Wednesday said that it expects global trade to rebound gradually this year, before rising further in 2025, as the impacts of higher inflation fall into the rearview mirror.In its latest “Global Trade Outlook and Statistics” report, the WTO forecast that total global trade volumes will…

Revenue at the international arm of one of China’s leading parcel delivery companies shrunk by nearly 30% last year on falling international freight prices and waning demand. Despite the gradual restoration of global supply chains post-pandemic, demand for international freight delivery services to and from China stayed sluggish last year…

The Irish Parliament on Tuesday confirmed Simon Harris as the country’s new prime minister, making him the youngest-ever holder of the position.Harris succeeds Leo Varadkar as Taoiseach — Irish for leader — following a 88-69 vote by lawmakers. He will be presented with his seal of office by President Michael…

Google is trying to make cloud computing more affordable with a custom-built Arm-based server chip. At its Cloud Next conference in Las Vegas on Monday, the company said the new processor will become available later in 2024.With the new Arm-based chip, Google is playing catch-up with rivals such as Amazon…

FS KKR Is A Leading BDC FS KKR Capital (NYSE:FSK) is a leading business development company with a market cap of $5.4B. Therefore, FSK is positioned as one of the market leaders focused on the private upper-middle market segment. However, FSK is still valued at a steep discount compared to…

Spirit Airlines said Monday that it will defer deliveries of new Airbus planes and furlough about 260 pilots as it tries to boost liquidity.”Of course, these steps aren’t ones we want to take but they’re necessary to ensure a strong and profitable future for Spirit,” CEO Ted Christie said in…