• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Fitch: Ireland faces risks from US trade and tax policies, although the impact may be gradual.On Tuesday, September 16th, gold prices soared above $3,700 per ounce, hitting a new all-time high, driven by a weakening dollar and clear market expectations of an interest rate cut by the Federal Reserve. Eric Chia, a strategist at brokerage firm Exness, stated, "If the Feds policy guidance fails to meet market expectations of a dovish stance, gold may face selling pressure in the short term. However, as long as the Fed confirms multiple rate cuts, this will support the gold price rally and potentially propel it to new all-time highs." Furthermore, continued gold purchases by central banks, inflows into gold ETFs (exchange-traded funds), and geopolitical tensions, which have intensified demand for safe-haven and inflation-fighting assets, also contributed to the gold rally.Germanys DAX30 index closed down 397.68 points, or 1.68%, at 23,336.07 points on Tuesday, September 16; Britains FTSE 100 index closed down 86.48 points, or 0.93%, at 9,190.55 points on Tuesday, September 16; Frances CAC40 index closed down 78.71 points, or 1.00%, at 7,818.22 points on Tuesday, September 16; Europes The STOXX 50 index closed at 5,373.25 points on Tuesday, September 16, down 67.15 points, or 1.23%; the Spanish IBEX 35 index closed at 15,158.19 points on Tuesday, September 16, down 230.31 points, or 1.50%; and the Italian FTSE MIB index closed at 42,513.00 points on Tuesday, September 16, down 540.72 points, or 1.26%.EU High Representative for Foreign Affairs and Security Policy Kallas: Israels ground military operation in Gaza will worsen an already desperate situation. This will mean more death, destruction and displacement.The Atlanta Feds GDPNow model expects U.S. GDP growth to be 3.4% in the third quarter, compared with the previous forecast of 3.1%.

Rent the Runway Predicts Full-Year Revenue to be Lower than Expected; Shares Decline 4%

Aria Thomas

Apr 14, 2022 09:47

R2.png


The bearish forecast comes as fashion stores are projected to profit from a post-COVID resurgence in demand for dress and formal wear, as the United States prepares for the highest number of ceremonies since 1984, as the epidemic disrupted weddings and other social occasions.


According to IBES statistics from Refinitiv, Rent the Runway forecasts full-year sales of between $295 million and $305 million, down from previous projections of $305.02 million.


Revenue increased 91% to $64.1 million in the fourth quarter, above analyst projections of $63.22 million.


The company's active subscribers for its fashion rental business increased by more than 110% to 115,240 in the third quarter.


The stock is down more than 70% from its October initial public offering price after Wednesday's after-hours fall.