The numbers: The U.S. leading index fell by 0.4% in July to mark the fifth decline in a row, reflecting a slowdown in the economy tied to rising interest rates and pessimism among consumers. Economist...
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Serena Williams pushes Selena Gomez’s startup to $100 million valuation
In the same Vogue feature where Serena Williams announced her possible retirement after the U.S. Open, the tennis star said she’ll continue to prioritize investment in women-owned businesses. Days la...
GigaCloud stock more than triples in sophomore session, and has been halted 10 times for volatility
Shares of GigaCloud Technology Inc. GCT, +242.29% rocketed again in very volatile trading in their sophomore session on the Nasdaq exchange, to trade at more than four-times the initial public offerin...
Hedge funds pile up $125 billion bet against the S&P 500’s big summer rally
A more than $125 billion institutional short position has been building up against the U.S. stock market, driven by hedge funds, according to BNP Paribas. Futures contract data points to a sharp incre...
Deere stock drops after profit miss and trimmed net income outlook, while revenue rises well above forecasts
Shares of Deere & Co. DE, +0.90% dropped 6.8% in premarket trading Friday, after the agriculture, construction and turf care equipment maker reported fiscal third-quarter profit that missed expect...
Bill.com’s stock soars 17% on strong results, revenue guidance
Bill.com Holdings Inc.’s. stock BILL, -1.31% initially soared 17% in extended trading Thursday after the maker of cloud-based software reported fiscal fourth-quarter results that topped Wall Str...
Weber stock jumps more than 25%, heads toward best day ever
Shares in Weber Inc. WEBR, +27.23% shot toward their biggest one-day gain on record in Thursday afternoon trading. The grill maker’s stock was more than 25% higher in late trading, which would e...
July existing-home sales fall for the sixth straight month, realtors see ‘housing recession’
The numbers: U.S. existing-home sales fell 5.9% to a seasonally adjusted annual rate of 4.81 million in July, the National Association of Realtors said Wednesday. This is the sixth straight monthly de...
Mind Med stock soars 52% after young investor who made $110 million on Bed Bath & Beyond names it as key holding
The stock of psychedelics company Mind Med Inc. MNMD, +59.56% soared 52% Thursday, after it was named by a young investorwho made $110 million from meme-stock favorite Bed Bath & Beyond BBBY, -23....
Inflation Reduction Act promises tax credits for EVs — here’s how to claim them
Your new electric car may land you a $7,500 tax credit now that the Inflation Reduction Act — designed to fight climate change and inflation — has been signed into law by President Biden. But the new ...
This contrarian investor gave a timely warning for the last big tech top. He now sees the biggest drop of this bear market dead ahead.
When can we truly say goodbye to this bear market? While Bank of America’s global fund managers are no longer “apocalyptically bearish,” some on Wall Street remain wary. Add our call of the day to tha...
I’m 65 and want to retire in 6 months. I have a $125K annuity, plus $100K of money that I’m not sure what to do with. Should I get professional help?
Is a financial planner right for you? Getty Images/iStockphoto Question: I had $225,000 in my 401(k) and then I rolled over $125,000 to an annuity at 7%, as I wanted income. I just turned 65 and want ...
Seattle CEO who cut his pay so workers could earn $70,000 minimum resigns
SEATTLE — A Seattle CEO who announced in 2015 that he was giving himself a drastic pay cut to help cover the cost of big raises for his employees has announced his resignation. Dan Price, the embattle...
20 bank stocks expected to benefit the most from rising interest rates as the Federal Reserve fights inflation
When companies report financial results, analysts tend to make comparisons to the year-earlier quarter. But there are times when sequential improvements can be telling. This is one of those times for ...
This investor made $110 million from trading Bed Bath & Beyond — and he’s reportedly a 20-year-old student
At least one investor exited Bed Bath & Beyond ahead of GameStop chairman Ryan Cohen. Securities and Exchange Commission filings show that Jake Freeman, who reportedly is a 20-year-old student, ma...
This rule with a perfect record says the market hasn’t bottomed, says Bank of America’s star analyst
Rules are there to be broken. That may be a standard mantra for anarchists. But for traders such thinking may prove to be dangerously dismissive. Investors therefore may like to consider the latest no...
Apple plans to unveil iPhone 14 at Sept. 7 event: report
Apple Inc. is expected to unveil its latest line of iPhones and smartwatches on Sept. 7, according to a new report. Bloomberg News reported Wednesday that the tech giant will update its flagship smart...
Did the stock market ‘misinterpret’ Fed again? What strategists say about the reaction to the July minutes
Minutes from the Federal Reserve’s meeting in July — at which policy makers hiked the benchmark interest rate by 75 basis points, indicate stock-market participants were too quick to price in a “less ...
Yellen tells IRS to develop modernization plan in 6 months
Now that President Joe Biden signed Democrats’ expansive climate, tax and health care bill into law, U.S. Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outli...
Why target-date funds may sabotage your retirement
If you’re like most of the 30 million or so people investing in a target-date fund mutual fund inside your retirement account, you’ve likely adopted a set-it-and-forget-it attitude toward your nest eg...
Ford’s green bond sees $5 billion in demand as Biden signs climate bill
Investors swarmed over Ford Motor Co.’s new $1.75 billion green-bond deal on Tuesday to help boost its development of more electric vehicles. Order books for Ford’s F, +0.67% speculative-grade debt de...
U.S. stock futures slip from 3-month highs as traders await Fed minutes and retail sales data
U.S. stock futures fell back from recent highs as bulls held their fire ahead of the release of Fed minutes later on Wednesday How are stock-index futures trading S&P 500 futures ES00 ES00, -0.74%...
Afraid you missed the stock-market bottom? History says curb your FOMO.
Fear of missing out, or FOMO, may be helping to drive stock-market gains as major indexes rebound from 2022 lows set in mid-June — but investor angst over potentially missing the “bottom” is usually m...
Chip stocks tanked as pandemic demand for electronics slumped, but there are still some winners
After two years of unprecedented chip sales and demand related to the COVID-19 pandemic, a long-feared reversal has struck the semiconductor industry, but some markets are still performing strongly — ...