American Eagle on Tuesday said it is writing off $75 million in spring and summer merchandise and withdrawing its full-year guidance as it contends with slow sales, steep discounting and an uncertain economy. The apparel retailer said it expects revenue in the first quarter, which ended in early May, to be…
We’ve been cautious about the uptrend phase off the April low for a number of reasons, including the lack of breadth support. While short-term measures of breadth had turned more positive, the long-term breadth conditions had remained firmly in the bearish realm. With the renewed strength in risk assets over…
Bullish signal alert! Over 50% of S&P 500 stocks are now above their 200-day moving average. In this video, Dave explains this key market breadth indicator and what it means for stock market trends. He shows how moving average breadth has reached a bullish milestone, what this means based on…
Let’s be honest. Did anyone think a little more than a month ago that the S&P 500 was primed for a 1000-point rebound? I turned bullish at that April 7th bottom a month ago, but I did not see this type of massive recovery so quickly. Why does this happen?…
For months, investors have been on edge over U.S.-China tariff tensions, bracing for everything from fears of empty shelves to rising prices. But after this weekend’s trade talks, where both sides agreed to temporary tariff cuts (emphasis on temporary), stocks surged. On Monday, the Dow Jones Industrial Average ($INDU) jumped…
President Donald Trump signed an executive order Monday instructing drug companies to reduce prices of prescription drugs or face consequences from the federal government. But the effort amounts to price control since it’s not limited to just government programs — and similar policy initiatives in other sectors have prompted shortages,…
Dozens of activist and legal groups, elected officials, local jurisdictions and individuals have launched more than 200 lawsuits against the Trump administration since Jan. 20 in response to his more than 90 executive orders, as well as executive proclamations and memos, Fox News Digital found. Trump has long been a…
Former President Joe Biden’s second campaign ruined former Vice President Kamala Harris’ chances of defeating President Donald Trump in the 2024 election, according to a top Democratic consultant. David Plouffe, former President Barack Obama’s campaign manager in 2008 and a senior advisor on Harris’ 2024 campaign, detailed how dire Biden’s…
Saudi Arabia rolled out a mobile and operational McDonald’s truck for President Donald Trump’s first visit to the nation since his inauguration in January, Fox News Digital found. A White House official confirmed that a mobile McDonald’s food truck was in Riyadh, Saudi Arabia, during Trump’s visit. Images and video…
The U.S. State Department has determined and certified Cuba as a ‘not fully cooperating country’ (NFCC) for not helping with counterterrorism efforts after the island nation failed to turn over at least 11 fugitives in 2024 to U.S. custody. State Department spokesperson Tammy Bruce made the announcement on Tuesday that…