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- Market
Twitter stock surges 22% after Elon Musk gives up bot battle and commits to $44 billion deal
Tesla Inc. Chief Executive Elon Musk now plans to close his proposed $44 billion deal for Twitter Inc., according to…
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21 dividend stocks yielding 5% or more of companies that will produce plenty of cash in 2023
When the stock market has jumped two days in a row, as it has now, it is easy to become…
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Elon Musk wants to move forward with his purchase of Twitter. Here’s how some Twitter users reacted.
Elon Musk sent a letter to Twitter TWTR, +12.67% indicating he will move forward with his original proposal that he…
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History shows S&P 500’s bounce from 2022 low may not signal bear market’s end, cautions Bespoke
The U.S. stock market is heading higher again Tuesday, with the S&P 500 index continuing to climb above its 2022…
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Fed’s Jefferson, in first speech, says elevated inflation is his chief concern
Philip Jefferson, one of the three newest members of the Federal Reserve board of governors, on Tuesday used his first…
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The drop in expected S&P earnings is in the sweet spot for big stock-market gains over the next 12 months
CHAPEL HILL, N.C. – It’s good news that the S&P 500’s earnings per share in the fourth quarter will likely…
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Why California is paying nearly 70% more for gasoline at the pump than the rest of the country
California has pretty much always paid much more than the nation for gasoline at the pump, in part due to…
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This stock market strategist says the coming recession could be the biggest ever. ‘I recommend prayer.’
Keith McCullough, founder and CEO of Hedgeye Risk Management, isn’t one to mince words about financial markets, the Federal Reserve or…
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Poshmark to be bought by South Korean internet company Naver in $1.2 billion deal
Online secondhand-fashion marketplace Poshmark Inc. has agreed to be bought by South Korean internet company Naver in a $1.2 billion…
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Dow falls 500 points Friday as stocks book third straight quarterly loss, set new 2022 lows
U.S. stocks dropped sharply Friday, with major indexes posting their lowest finishes since 2020 and logging a third straight quarterly…
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Intel files for Mobileye IPO, creating a share structure that will keep the chipmaker in control
After nearly a year’s wait, Mobileye is on the highway to Wall Street. Intel Corp. INTC, -2.31% -owned Mobileye Global…
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These 20 stocks in the S&P 500 tumbled between 20% and 30% in September
Stocks declined again on Friday, closing out September with large losses across the board as the rally from the June…
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Many young people shouldn’t save for retirement, says research based on a Nobel Prize-winning theory
Most financial planners advise young people to start saving early — and often — for retirement so they can take…
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1 in 5 of Americans don’t know about new omicron-targeting COVID boosters, survey finds
About half of the American public has heard little or nothing about the new COVID-19 bivalent booster, a new survey…
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Weekend reads: What to expect now for home prices, stocks and bonds
This week Freddie Mac said the average interest rate on a 30-year mortgage loan in the U.S. had climbed to…
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EU-area inflation hits 10%, as electricity, natural gas prices soar
FRANKFURT, Germany (AP) — Inflation in the European countries using the euro currency has broken into double digits as prices…
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Pound gets a respite, moves back toward pre-budget levels
The British pound advanced on Friday after the government agreed to met with the country’s independent budget experts. The pound…
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Nike earnings beat, but stock falls as margins take hit due to markdowns in inventory-clearing effort
Nike Inc. on Thursday reported earnings and sales that topped expectations, but shares declined in after-hours trading as margins took…
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Apple stock may not be a ‘safe haven’ for much longer, Bank of America warns in downgrade
Apple Inc. has beaten the broader technology industry this year, but a Bank of America analyst isn’t sure that the…
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Dropping Aaron Judge’s 61st home-run ball might have cost this fan $250,000 or more
Talk about dropping the ball. New York Yankees star Aaron Judge hit his 61st home run of the season Wednesday…
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Global tally of COVID cases down 11% in latest week as fatalities fall 18%; BA.5 remains dominant strain
The global tally of COVID cases fell 11% in the week ending Sept. 25 from the week earlier, while the…
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Ukraine, disaster aid poised to pass Congress in stopgap funding bill
The Senate is set to pass a stopgap government funding bill and act to avert a government shutdown as the…
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Mortgage rates march towards 7%, reaching highest level since 2007
The numbers: Mortgage rates continue to march towards 7%, continuing to pressure potential homeowners looking to buy a home. The…
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U.S. economy shrank in the first half of 2022, updated GDP figures confirm
The numbers: The U.S. shrank in the first six months of the year, revised government figures confirm, and painted a…
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Dow futures down 250 points as Bank of England intervention bounce fades
U.S. stock futures fell back on Thursday as the positive impact on bond markets from the Bank of England’s intervention…
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H&M profit drops after Russia exit costs
Sweden’s Hennes & Mauritz AB said Thursday that net profit for its third quarter fell significantly after it booked a…
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Yankees slugger Aaron Judge hits 61st home run, tying Roger Maris’ AL record
TORONTO — Aaron Judge tied Roger Maris’ American League record of 61 home runs in a season, hitting a tiebreaking, two-run…
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Butter prices hit an all-time high — partly because extreme heat is taking a toll on dairy cows
You may believe it’s butter, but you may not believe the price. Butter prices are at an all-time high: One…
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Biden vows to end hunger in the U.S. by 2030: ‘I know we can do this’
President Biden pledged to end hunger in the U.S. by 2030 and commit $8 billion by the public and private…
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U.S. stock futures move off worst levels after Bank of England intervention
U.S. stock index futures on Wednesday showed Wall Street in danger of recording a seven-day losing streak, though a surprise…
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Gilt yields plunge after Bank of England steps in to buy at ‘whatever scale is necessary’
U.K. gilt yields fell back from their highest in 14 years after the Bank of England said it would buy…
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UK Government Tax Cuts Are Credit Negative, Moody’s Says
By Xavier Fontdegloria The series of large tax cuts and increased spending outlined by the U.K. government is fueling a…
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German consumer sentiment expected to hit record low in October
Consumer confidence in Germany is set to fall in October to an all-time low as income expectations plunge due to…
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Wall Street’s ‘fear gauge’ might hold the key to the timing of the next market rebound. Here’s why.
Now that the Dow Jones Industrial Average has joined the S&P 500 in bear-market territory, U.S. stocks appear poised for…
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U.S. home prices fell in July, as mortgage rates approach 7%
The numbers: The S&P CoreLogic Case-Shiller 20-city house price index rise slowed to 16.1% year-over-year in July, a lower rise…
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Harley spinoff LiveWire’s stock surges in NYSE debut
The new shares of LiveWire Group Inc. charged higher Tuesday as investors prepped for the debut of electric-motorcycle company on…
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NASA’s successful DART asteroid collision lifts space stocks
The successful collision of a NASA spacecraft with an asteroid lifted space sector stocks before market open Tuesday. The vending-machine…
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Pfizer and BioNTech seek authorization of omicron-targeted booster for children aged 5 to 11
Pfizer and German partner BioNTech said Monday they’re seeking Food and Drug Administration authorization for their omicron-targeting bivalent vaccine for…
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Stock market ‘on cusp’ of important test: Watch this S&P 500 level if 2022 low gives way, says RBC
The S&P 500 is approaching an important level to watch beyond its 2022 low, as investors anticipate a spike in…
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Are you tempted to buy AMC’s new APEs? Be prepared to lose everything, the company warns
Shares of AMC preferred equity units, or ‘APEs,’ rose 5% Monday, while the company’s common stock fell 7.5%, after the…
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Treasury yields rise to new cycle highs as U.K. gilts slump
U.S. benchmark bond yields rose to fresh cycle highs on Monday, as worries about more debt supply sparked a rout…
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British pound hits record low, then pares losses, as investors react to tax-cut plan
The British pound hit new lows of $1.0349 against the U.S. dollar in the early hours of Monday but has…
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U.S. stock futures dip, dollar rises as Italian election results add to uncertainty
U.S. stock-index futures fell late Sunday, suggesting losses Monday, as the projected victory of a far-right party in Italy added…
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Here’s what Italy’s elections will mean for bonds, the euro and banks
As if Europe hasn’t got enough on its plate — war in the East, rampant inflation and an energy crisis…
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“An economy struggling in a stagflationary environment”, says S&P Global on U.S. business activity
The numbers: U.S. companies said business activity perked up in September largely because of an increase in new customer orders,…
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Dow averts bear market, but slides to 2022 low
Major U.S. stock indexes traded below their June lows Friday, with the blue-chip Dow Jones Industrial Average averting a fall…
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U.S. oil prices drop below $80 a barrel to their lowest finish since January on recession fears
Oil prices dropped sharply Friday, with U.S. crude below $80 a barrel to mark the lowest finish since January, as…
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U.S. stocks suffer another week of losses, Dow ends lowest since November 2020 as bond yields hammer equities after Fed rate hike
U.S. stocks closed sharply lower Friday, with the Dow Jones Industrial Average ending at its lowest closing value since November…
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Netflix chief accounting officer gives up $2.4 million position after just 4 months on the job
Netflix Inc. is seeking a new chief accounting officer after its current one quit the role after less than four…
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The typical S&P 500 CEO made 324 times more than the median-paid worker last year: report
The chief executives of S&P 500 companies raked in an average of $18.3 million in total compensation last year, making…
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