KeyBanc Capital Markets analyst Ashley Owens downgraded Nordstrom ( JWN ) from Overweight to Sector Weight. The analyst highlights several encouraging key priorities, including improvements in the Nordstrom ( JWN ) banner, identification of operational efficiencies, and continued in Rack growth. Sell-through during the second quarter’s anniversary sale met expectations, while regular-price sales and increased customer visits reflect solid brand...

02:47 PM EDT, 09/26/2024 (MT Newswires) -- TKO Group ( TKO ) said in a filing Thursday it reached a new $375 million settlement on claims asserted in class action lawsuit filed by former UFC fighters. The revised settlement, which comes after a recent court rejection of an earlier $335 million proposed settlement over two separate lawsuits, will be submitted...

American Eagle Outfitters, Inc. ( AEO ) shares traded higher on Thursday. The company reportedly sued Amazon.com, Inc. ( AMZN ) for trademark infringement and filed a complaint in Manhattan federal court. The company alleges that Amazon ( AMZN ) used its Aerie clothing line branding in search results, misleading consumers to “inferior quality knock-offs,” reported Reuters. As per the...

03:27 PM EDT, 09/26/2024 (MT Newswires) -- Micron Technology's ( MU ) bullish outlook for the new fiscal year, combined with its strong fiscal fourth-quarter earnings, upended negative sentiment heading into its late-Wednesday earnings release. Fueled by robust artificial intelligence demand, particularly in the data center space, Micron now sees the market for its high-bandwidth memory, or HBM, products eclipsing...