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Bringing Sexy Back: Victoria's Secret Shoots Higher After Abandoning Woke Ideology
Bringing Sexy Back: Victoria's Secret Shoots Higher After Abandoning Woke Ideology
Shares of Victoria's Secret surged a mind-boggling 40% in the U.S. morning cash session after the bras-and-lingerie retailer delivered a stronger-than-expected first quarter, boosted its outlook, and showed signs of a turnaround plan in motion.
Net sales rose 15% to $1.56 billion in the first quarter, beating guidance, while comparable sales increased 13%, signaling that CEO Hillary Super's turnaround plan is gaining traction as product innovation, stronger regular-price selling, and renewed brand momentum drive shoppers back into stores and online.
Management...
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Apr 28, 2026 / Tyler Durden
Collateral Damage
Collateral Damage
By Molly Schwartz, Cross-ASset Macro Strategist at Rabobank
Negotiations between the US and Iran are going nowhere. In fact, they’re not really even happening at all. Over the weekend, Axios reported that Iran gave the US a proposal to reopen the Strait — not to end the war. The proposal includes extending the ceasefire and an assertion that any conversations about Iran’s nuclear program are off the table until the Strait is open and the US blockade is lifted. The US has not indicated whether it will accept or reject the...
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Sep 30, 2026 / Tyler Durden
"Zero Hormuz": Abu Dhabi Crown Prince Readies Tens Of Billions To Turn Fujairah Into Hormuz Bypass
Mar 25, 2026 / Tyler Durden
Imminent SpaceX IPO Filing Ignites Rally Across Space-Linked Stocks
Imminent SpaceX IPO Filing Ignites Rally Across Space-Linked Stocks
News that SpaceX may file an initial public offering prospectus with the Securities and Exchange Commission this week or next sparked a rally across SpaceX-linked names, satellite broadband providers, space transportation firms, and even publicly traded closed-end funds that hold private SpaceX shares.
The Information reports that SpaceX is set to file an IPO prospectus with the SEC this week or next, with plans for shares to begin trading on U.S. exchanges sometime in June.
Wall Street advisers expect the offering to...
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