Spot gold prices fell by 0.52% to around $4,633.50 an ounce after July's PCE inflation data showed a higher-than-expected increase, with core PCE rising 0.2% monthly and 3.3% annually. This pushed U.S. Treasury yields higher and softened stock futures, causing traders to reassess the Federal Reserve's potential policy path ahead of Fed Chair Kevin Warsh's Jackson Hole speech on Friday. Silver prices showed a slight gain but remain below key breakout levels. The inflation data and rising yields have tempered gold's momentum despite ongoing geopolitical risks in the Strait of Hormuz and supportive medium-term dollar trends. Investors are watching for further cues from upcoming economic data and the Fed's policy signals.
Kohl's reported a strong adjusted EPS of $1.28 for Q2, more than doubling analyst expectations due to a 43% gross margin boosted by one-time tariff refunds. However, the retailer's total revenue and comparable sales fell by 0.9%, marking the 18th con...
Royal Bank of Canada reported strong Q3 2026 results, surpassing earnings per share estimates with $3.07 versus $2.89 expected, marking a 6.23% positive surprise and continuing a streak of four quarters beating expectations. Revenue also exceeded for...
Evercore ISI increased its price target for Williams-Sonoma to $245 following a strong Q2 performance, with revenue up 6.7% to $1.96 billion and comparable sales rising 6.2%, beating expectations. The gross margin improved to 51.6%, partly due to one...
RBC Capital reaffirmed its 'Sector Perform' (hold) rating on FactSet, increasing the price target from $240 to $304 as of August 27, 2026. Despite this optimistic price target adjustment, the broader market remains cautious, with an average 'Reduce' ...
Burlington Stores reported an EPS of $2.96, significantly beating analyst estimates of $2.19, driven by strong profitability improvements and an 11% growth in total sales. Comparable store sales rose 2%, continuing positive momentum from the prior ye...
