The top US court is set to hear an appeal involving the Trump administration’s most recent order restricting travellers from eight countries, setting up a new skirmish in an ongoing legal battle that has been raging since the earliest iterations of the controversial ban.
US department store operator Kohl’s, which reported strong sales over the holiday period, received a $100 price target on Friday by analysts at Jefferies, who called it a “top retail play in a digital world” and said the company’s shares could rise 50 per cent from current levels.
Flip a coin. Mick Mulvaney, director of the Office of Management and Budget, told reporters on Friday that he sees about a 50-50 chance of Congress failing to pass a bill to maintain funding for government agencies past midnight.
The premium investors demand to hold Spanish bonds over their safer German equivalents has fallen to its lowest level in almost eight years, as Spain’s growing economy and calmer political situation raise hopes of an imminent credit rating upgrade.
US stock futures edged higher on Friday as investors shrugged off concerns that the US government could be heading towards a shutdown after Senate Democrats signalled that they were ready to block a bill that would maintain funding for federal agencies beyond midnight today.
A severe profit warning from Carpetright sent ripples across the wider market on Friday, with shares in furniture and DIY groups suffering as investors fear that consumers are holding off on major purchases.