Jinjoo Lee

Investors looking to ride the artificial-intelligence wave have turned their eyes to a sleepier corner of the market—companies that own and operate power plants. Is the run-up justified?

Calvin Klein owner PVH’s dim outlook for 2024 sent its shares down some 23% on Tuesday morning, putting the stock on track for its biggest percentage decline since 1987. PVH, which also owns Tommy Hilfiger, reported late Monday that it had a better-than-expected holiday quarter. It said revenue was flat in the quarter ended Feb. 4 compared with a year earlier, better than the 2.8% decline that analysts polled by Visible Alpha expected.

Disruptions in the Red Sea are helping boost refined fuel prices globally, and U.S. refiners have a distinct advantage.

Midstream energy companies are especially attractive given how difficult it has been to add pipeline or storage capacity.

Companies in the business of storing and transporting natural gas don't sound “growth-y” or exciting, but they are businesses with a deepening competitive moat and growing need.

Used-car retailer CarMax is hitting roadblocks on both supply and demand. CarMax on Thursday reported that comparable store used-car unit sales rose 0.1% in the quarter ended Feb. 29 compared with a year earlier, slightly worse than the 0.36% growth that analysts polled by Visible Alpha were expecting. CarMax shares dropped 13% after the company’s earnings call on Thursday morning.

In news out late Monday, the Federal Trade Commission sued to block Tapestry’s acquisition of Capri. The agency said the deal would eliminate head-to-head competition between the companies’ brands and that it would give Tapestry a dominant share of the “accessible luxury” handbag market. Going for a narrow market definition makes sense, but “accessible” or “affordable” luxury is a category that will be difficult for the FTC to define.

In news out late Monday, the Federal Trade Commission sued to block Tapestry’s acquisition of Capri. The agency said the deal would eliminate head-to-head competition between the companies’ brands and that it would give Tapestry a dominant share of the “accessible luxury” handbag market. Going for a narrow market definition makes sense, but “accessible” or “affordable” luxury is a category that will be difficult for the FTC to define.

The migration has armed consumers with much more information and choices. It has done the same for dealerships.

Between weak furniture demand and consumers’ return to bricks-and-mortar shopping, the postpandemic years haven’t been easy for online furniture seller Wayfair But with some painful cost cuts already behind it, and its first large-format store set to open soon, Wayfair’s new foundation is starting to look pretty solid. Wayfair on Thursday reported that revenue declined 1.6% in the first quarter compared with a year earlier, much better than Wall Street expectations for a 5% drop. The company’s cost cuts seem to be bearing fruit: Despite the top-line decline, Wayfair’s earnings before interest, taxes, depreciation and amortization—adjusted for nonrecurring items and equity-based compensation—turned positive to $75 million from a loss of $14 million a year earlier.