Kohl's announced strong earnings and an expanded partnership with Sephora, set against the backdrop of the Federal Reserve's guidance on interest rates.
3 reports, 1 independent
Updated Aug 31
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What happened
Kohl's announced strong earnings and an expanded partnership with Sephora, set against the backdrop of the Federal Reserve's guidance on interest rates.
Who's involved
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The entities involved
Related events
- The article discusses the Federal Reserve, Jerome Powell's role as Chair, and market caution ahead of rate decisions, specifically mentioning Oxford Industries and Monster Beverage.
- Powell, as Fed Chair, is awaited, while both economic blocs face inflation above central bank targets.
- The FED leadership is under pressure from the administration, evidenced by the appointment of a new chair, amid ongoing criticism from Donald Trump and economic impacts from the Iran attacks.
- Fed policy, including the funds rate, is being watched closely as it influences corporate earnings in sectors like retail and tech.
- The Federal Reserve's structure was outlined, noting Powell as Chair, Waller as a Board Director, and the FED seeking support from Congress.
Coverage
Newest first; wire copies grouped- StockStorye.l.f. Beauty (ELF) Shares Skyrocket, What You Need To Know Shares of cosmetics company e.l.f. Beauty (NYSE:ELF) jumped 6.7% in the morning session after strong earnings from retailer Kohl's highligh