After four years stuck in bankruptcy limbo, Sears Holdings and its creditors have reached a settlement with former Chief Executive and majority shareholder Eddie Lampert and other investors, clearing ...
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Three Chinese corporate giants are leaving the New York Stock Exchange
Three state-owned Chinese corporate giants announced plans Friday to remove their shares from the New York Stock Exchange, adding to a growing financial separation between the biggest global economies...
It’s a Tom Jones rally but it may be overbought, say analysts
The latest action in stocks may be a concern for the bulls. The S&P 500’s initial surge on Thursday to fresh three-month highs fizzled as the session wore on. The “peak inflation rally” faded. Fut...
Wave of Chinese companies including PetroChina and Sinopec say they will de-list from NYSE
PetroChina PTR, +1.81%, China Life Insurance LFC, +2.32%, Sinopec SHI, +0.50% and Aluminum Corp. of China ACH, +0.98% have separately announced their intention to delist from the New York Stock Exchan...
Rivian loses nearly $2 billion in second quarter as expenses mount
Rivian Automotive Inc. late Thursday reported a narrower-than-expected quarterly loss, but called for steeper losses for the year, warned about ongoing supply-chain snags, and saw rising expenses, sen...
Have stocks bottomed? Not until this ‘gorilla’ in equity markets budges, warns BofA
Households, not hedge funds or major corporations, represent the biggest class of owners of the U.S. stock market. That matters because households, the “placid gorilla” in U.S. stocks, haven’t cut and...
Oil prices are down, but energy companies’ earnings estimates keep rising — these stocks are cheap
Oil prices have fallen from a peak earlier this year. But energy companies’ earnings estimates have kept rising on stronger demand and low capital spending. Below is a screen of large-cap oil stocks a...
Why home prices can stay high, complicating the Fed’s battle against inflation
Sky-high housing prices still threaten to complicate the Federal Reserve’s inflation fight, even as America’s market for single-family homes shows signs of cooling in response to sharply higher intere...
Chicken Soup for the Soul Entertainment surges again as it closes deal to buy Redbox
Chicken Soup for the Soul Entertainment CSSE, +29.96% shares jumped 29% in preopen trade, after rallying by 30% on Wednesday, as it closes its deal to buy DVD retailer Redbox Entertainment RDBX, -52.8...
Stocks rally like it’s ‘mission accomplished’ — but investors urge caution as Nasdaq enters bull market
Investors might want to keep their guard up as the stock market continues its rally. “The market has kind of gone back to sleep” in appearing to think, “all right, mission accomplished, inflation’s in...
10 defensive stocks that can also provide you with growth and dividends over the long term
The S&P 500 Index has rallied 10% since June 22 from a deep decline, but there are different schools of thought about whether investors are out of the woods yet. Mark Hulbert has called the recent...
Tesla 500 mile range Semi truck to start shipping this year, followed by the Cybertruck next year, Elon Musk tweets
An earlier version of thisreport had an errant million in the headline. It has been corrected. Tesla Inc. TSLA, +3.76% CEO Elon Musk tweeted Wednesday that a Tesla 500 mile range Semi truck will start...
Rivian: ‘Zombie’ company or charging down a path to EV success?
This a crucial time for car maker Rivian Automotive Inc., as it battles for its place in the competitive electric vehicle market. Rivian Automotive Inc.’s RIVN, +2.48% stock price has fallen 64.6% thi...
Plug Power stock dips after earnings hit by fuel pressure
Shares of Plug Power Inc. dipped in after-hours trading Tuesday after the hydrogen fuel-cell company fell shy of expectations with its latest revenue and earnings. The company recorded a second-quarte...
Unity loses less than feared, trims outlook as Applovin makes $20 billion bid for software company
On the same day it received an offer to acquire the company for roughly $20 billion, Unity Software Inc. reported a loss that was less than feared and pulled back on its guidance for the year, and sha...
Occidental Petroleum stock surges after Warren Buffett’s Berkshire Hathaway boosts stake by $390 million
Shares of Occidental Petroleum Corp. OXY, +3.95% rallied 3.6% in afternoon trading Tuesday, enough to pace the S&P 500’s SPX, -0.42% energy sector gainers, after the oil and natural gas comp...
Don’t be fooled by a drop in U.S. headline inflation. Markets will be attuned to another figure on Wednesday.
Traders, investors and economists are all counting on Wednesday’s consumer-price index report to show a decline in the annual headline U.S. inflation rate for July. But there’s another figure buried i...
‘The real mortgage rate is a negative number.’ As inflation stubbornly sits at a 40-year high, do current mortgage rates look better than they seem?
What is the so-called ‘real mortgage rate’ and does it matter? Getty Images/iStockphoto I write about mortgage rates every week, but recently, I’ve heard some sources chattering about what’s called th...
We’re in a bear-market rally and you can expect the June 2022 lows to be broken
The bear market for U.S. stocks may have ended at its mid-June low. Or it may be only half over. And, if the bear market’s second half is still ahead of us, the biggest losses may or may not be yet to...
The red flag that preceded a halving of global equities in 2000 and 2007 is back, warns Citi
We are a day away from data that could prove a turning point for markets. If Wednesday’s CPI doesn’t reveal some slowing in prices, expectations will rise for a bigger Fed rate hike in September, poss...
This is the ‘Jay Leno rule’ of saving money. You don’t have to be rich to do it
Comedian Jay Leno Getty Images/iStock Comedian Jay Leno has openly shared that while collecting two salaries — one from his ‘Tonight Show’ hosting gig and one from the 150 annual comedy shows he’d app...
Why the S&P 500’s ‘bounce within a bear market’ could fizzle before it hits 4,200
Add another voice to the growing chorus of naysayers about the staying power of the recent rally in U.S. equities. The stock market’s rally since the Federal Reserve’s last jumbo rate hike in late Jul...
Nvidia is hit by another ‘crypto hangover,’ and that isn’t the only problem
While in high demand and short supply for the first two years of the pandemic, Nvidia Corp.’s gaming cards have been hit by declines in three separate pandemic booms in 2022: Personal-computer sales, ...
Novavax slashes sales guidance in half, stock plunges 34%
Novavax Inc. executives slashed their annual sales guidance in half Monday while wildly missing financial expectations, sending shares down more than 30% in after-hours trading. Novavax NVAX, -5.01% n...
Why an analyst says sell these four big software stocks
Salesforce Inc.’s stock gets a lot of love on Wall Street, with 43 of the 49 covering analysts tracked by FactSet rating the shares the equivalent of buy. But Guggenheim analyst John DiFucci bucked th...