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BofA is selling US equities rally on worries that unemployment will be ‘shocking’ in 2023

BofA is selling US equities rally on worries that unemployment will be ‘shocking’ in 2023

Strategists at BofA Global Research said it is time to sell the US stock market rally ahead of a potential surge in the unemployment rate next year. “Bears (like us) worry unemployment in 2023 will be as shocking to Main Street’s consumer sentiment as inflation in 2022,” strategists led by Michael Hartnett, chief global equity …

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Higher prices, ‘sustained resilience’ in demand are helping Ulta Beauty’s results

Higher prices, ‘sustained resilience’ in demand are helping Ulta Beauty’s results

Shares of Ulta Beauty Inc. rose after hours Thursday after the beauty-product and salon chain reported third-quarter results that beat estimates and raised its full-year outlook, following price hikes and what management called “sustained resilience of the beauty category.” The company reported net income of $274.6 million, or $5.34 a share, compared with $215.3 million, …

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Elon Musk’s Twitter Politics Add to Pressure on Tesla’s Brand Image

Elon Musk’s Twitter Politics Add to Pressure on Tesla’s Brand Image

You’re here Inc.’s brand image in the US has fallen in long-running surveys as the world’s largest car maker by market value faces new regulatory challenges and Chief Executive Elon Musk wades further into politics in his bid to turn around Twitter Inc. Tesla’s reputation remains closely tied to that of Mr. Musk, whose fame …

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Elon Musk’s Twitter Politics Add to Pressure on Tesla’s Brand Image

Elon Musk’s Twitter Politics Add to Pressure on Tesla’s Brand Image

You’re here Inc.’s brand image in the US has fallen in long-running surveys as the world’s largest car maker by market value faces new regulatory challenges and Chief Executive Elon Musk wades further into politics in his bid to turn around Twitter Inc. Tesla’s reputation remains closely tied to that of Mr. Musk, whose fame …

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