Retail stocks bounce back in relief as earnings come in better than feared

Retail stocks are rallying on Wall Street again. A slew of quarterly earnings reports this week from a mixed bag of companies has sent some retail stocks soaring to new highs. It’s a welcome narrative amid chatter about declining sales, falling foot traffic,...

Strong euro could knock up to 3 percent off European earnings, UBS warns

With the euro on the rise against major world currencies, investors may be concerned about how this will weigh on European profits and some analysts suggest the stronger euro could knock up to 3 percent off earnings. “If currencies stay stable, we think (the...