Posted 12/11/2023, 9:06:58 PM
Farfetch, Walgreens Struggle Amid Downgrades; Spending Strength Forecast
- Farfetch stock plunges 37% to record low amid financial struggles, credit downgrades, and potential asset sale
- Walgreens suffers credit rating downgrade to junk status due to high leverage, weak cash flow, and healthcare losses
- Chevron CEO says Venezuela-Guyana border dispute unlikely to become military conflict
- Mastercard report shows robust 2023 consumer spending fueled by strong labor market and wage growth
- Goldman Sachs suggests growth stocks may outperform value stocks if economic growth stays modest and rates don't rise sharply