USA News and Press, Liberty All-Star Equity Fund From 01/11/23

Shares of Victoria’s Secret & Co (NYSE: VSCO) are up nearly 15% on Wednesday after the retailer authorised a new share repurchase programme. Victoria’s Secret approves $250 million buyback In the press release , the lingerie, clothing, and beauty products company sai...

“DJSHMB” – the Dow Jones U.S. Select Home Construction Index is already up more than 30% versus its June low. Still, Jim Cramer says the homebuilder stocks are not out of juice just yet. Technicals suggest more upside ahead The U.S. central bank is currently signallin...

Just when the markets were beginning to feel a little more optimistic , a reminder of the predicament facing the world arrived. The World Bank cut its growth forecasts Tuesday, painting a grim picture of the year ahead for many nations. Global recession on the cards The World ...

S&P 500 has had a good start to the new year and the upside, as per a Piper Sandler analyst, will continue to unlock moving forward. S&P 500 could gain another 18% According to Craig Johnson, the benchmark index could hit 4,625 this year. That represents about an 18% upside from...

Wells Fargo & Co ( NYSE: WFC ) just revealed plans of trimming its footprint in home lending. Moving forward, it will offer home loans only to existing customers and “minority” borrowers. Wells Fargo to cut its loan-servicing portfolio The financial services behemoth...

Shake Shack Inc ( NYSE: SHAK ) issued guidance for same-restaurant sales this morning that came in a bit shy of Street estimates. Shares still ended up more than 5.0% on Tuesday. Brown’s bull case for Shake Shack stock The chain of fast casual restaurants expects a 5.1% annuali...

Shares of Bumble Inc ( NASDAQ: BMBL ) have already gained more than 10% in recent days but a KeyBanc analyst is convinced there’s more where that came from. Bumble shares upgraded to overweight Justin Patterson issued a bullish note in favour of this stock on Tuesday. His ...

Microsoft Corp ( NASDAQ: MSFT ) wants to invest another $10 billion on OpenAI – the artificial intelligence company behind ChatGPT, a Semafor report suggested on Tuesday. What’s in it for Microsoft Corp? The venture round will potentially value OpenAI at $29 billion ...

Coinbase Global Inc ( NASDAQ: COIN ), on Tuesday, announced its second round of layoffs to cut costs in the midst of the ongoing crypto market downturn. Shares are trading slightly up this morning. Coinbase to cut 20% of its workforce The Nasdaq-listed firm had trimmed its workfor...

Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) rose by 12% on Tuesday after closing 23% higher the previous day. The gains come ahead of a key earnings report, expected on January 10 before market open. Does the market expect the company to boost its earnings? It has already been a to...