Designer Brands Inc. shares were up 7% to $14.86, after the company said its owned brands would be the key driver of growth over the next five years, and it plans to double sales of these brands over the next 4 years.

Shares of Paysafe ( PSFE 6.08% ), a payments platform, were rocketing higher this morning after the company announced its new CEO and reaffirmed its first-quarter and full-year guidance.

The tech stock has gained 10.3% Investors are likely reacting so strongly to this news because Paysafe's stock has been falling hard since it went public (for the second time) back in March 2021. The company was publicly traded until 2017 before it went private for several years and then went public again last year through a special purpose acquisition company (SPAC) merger.

Since its latest public debut, Paysafe's stock has plummeted 75%.


Shares of Starbucks (SBUX -0.29%) had a tough time this week. The coffee chain's stock slumped as much as 11% this week, shares were still down roughly 9.6% compared to the previous week.

Former Starbucks CEO Kevin Johnson announced last month that he was retiring from the chief executive chair, effective April 4. Johnson has been at Starbucks for 13 years, serving the past five years as CEO. Howard Schultz, who has served as CEO on two previous occasions, returned to the big chair until a permanent replacement can be found.

Ralph Lauren Corp (NYSE:RL) shares declined 3.3% on Tuesday after Wells Fargo (NYSE:WFC) lowered its rating along with two other retail companies (VF Corporation (NYSE:VFC), and TJX Companies (NYSE:TJX)) as it becomes more cautious on macro concerns in the near term.

The company operates in the highly competitive and fragmented apparel sector that has probably been "over-earning" for 12-18 months.


Stocks were mixed, with technology names down again as bond yields kept rising. That wrapped up a fairly wild week for the markets.

The Dow Jones Industrial Average gained 138 points, or 0.4%. The S&P 500 fell 0.3%, and the Nasdaq Composite declined 1.3%.

Technology stocks continued to be under pressure. That’s because the 10-year Treasury yield on Friday jumped to 2.71%, a pandemic-era high. Higher long-dated bond yields make future profits less valuable, and many tech companies are valued on the basis that they’ll churn out sizeable profits many years in the future.

For the week, the Dow, the S&P 500, and the Nasdaq fell 0.3%,1.3%, and more than 3%, respectively. Friday marked a continuation for the Nasdaq, which slipped 3.9%