01:31 PM EDT, 05/30/2024 (MT Newswires) -- Consumer stocks were rising Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.7%. In corporate news, Best Buy's ( BBY ) fiscal Q1 earnings grew more than the market forecast, and its guidance for fiscal 2025 was in...

NEW YORK, May 30 (Reuters) - The rate of U.S. failed trades stood at 1.90% on Wednesday, a big test day for the recently implemented faster settlement cycle, roughly stable from Friday's number, Depository Trust & Clearing Corporation (DTCC) showed this morning. Market participants were expecting it to increase to 4.1% after T+1 implementation, from 2.9%, according to research firm...

May 30 (Reuters) - Market maker Citadel Securities has tapped former Goldman Sachs executive Jim Esposito as its president, according to a source familiar with the matter. (Reporting by Saeed Azhar in New York and Niket Nishant in Bengaluru) ...

01:37 PM EDT, 05/30/2024 (MT Newswires) -- Chewy (CHWY) is likely out of the doghouse after delivering better than expected Q1 revenue with a large EBITDA beat and launching its first buyback program, Morgan Stanley said in a note. CHWY called out encouraging green shoots with positive pet ownership trends and inflecting customer metrics, Morgan Stanley said. With a 1Q...