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Saks.com, the e-commerce business affiliated with Saks Fifth Avenue, secures up to US$60M in incremental liquidity from financial partners Pathlight Capital and Bank of America; news comes after report showed website was late in making payments
Published: April 16, 2024 by Retail Dive
Bank of America projects only one interest rate cut in 2024, forecasting rate cycle to start in December rather than June, as progress in disinflation in US has slowed; Fed expected to cut four times in 2025 and twice in 2026
Published: April 11, 2024 by Investing.com
Bank of America upgrades Nike to buy from neutral with US$113 target, says company is 'taking bold steps to transform' and estimates look achievable; catalysts include upcoming Paris Olympics, Nike's first investor day in seven years, potential shake-ups
Published: April 11, 2024 by Proactive Investors
Bank of America expects EV demand to stay sluggish, as traditional carmakers enjoy strong Q1; General Motors and Ford expected to focus their attention on performance of their hybrid vehicles, given stalled growth of EVs in US market
Published: April 10, 2024 by Proactive Investors
Petco analyst roundup: S&P Global downgrades issue credit rating to B from B+, expects pressure on profits over next 12 months; BofA cuts target by US$1.50 to US$5, citing eroded market share and forecasting continued sales and margin declines into 2025
Published: April 08, 2024 by Retail Dive

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