Financial Services Roundup: Market Discussions

Financial Services Roundup: Market Discussions

Updated October 23, 2023 at 12:25 p.m. ET

The latest market discussions covering financial services. Exclusively on Dow Jones Newswires at 4:20 a.m. ET, 12:20 p.m. ET and 4:50 p.m. ET.

11:51 a.m. ET – Steven Madden’s $52 million acquisition of fashion brand Almost Famous should help it improve its performance after three straight quarters of revenue declines, Jefferies analysts say in a note. research. The clothing and fashion company is facing consumer-related issues amid more conservative spending habits, but its agile supply chain and healthy inventory should allow management to be able to adapt to the current macroeconomic context. Almost Famous fits into Steven Madden’s ecosystem as a high-value, low-cost business, the analysts add. Shares slipped 0.1% to $33.20. (sabela.ojea@wsj.com; @sabelaojeaguix)

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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