Guess Inc.’s stock soared 27% early Monday after the maker of clothing, footwear and accessories said it received an offer from New York-based investment company WHP Global to take it private for $13 a share in cash.
The Federal Reserve will hold its benchmark interest rate steady at its meeting this week, economists say, as it remains in a “wait-and-see” mode until the effects of President Donald Trump’s policies on the economic outlook become clearer.
Analyst firm MoffettNathanson is raising its price target for Netflix, saying it sees huge upside for the platform’s new advertising model as well as continued profit-margin growth.