Stocks are mostly higher on Tuesday, with China to thank for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the s...
Tag: article_normal
Roivant, Pfizer unveil Priovant Therapeutics focused on autoimmune disease treatments, Roivant stock surges
Shares of Roivant Sciences Ltd. ROIV, -2.30% shot up 10.0% in premarket trading Tuesday, after the biopharmaceutical company and drug giant Pfizer Inc. PFE, +0.56% unveiled Priovant Therapeutics, a bi...
JPMorgan raises capital buffers after stress test and keeps third-quarter dividend of $1 a share
JPMorgan Chase & Co. JPM, -0.80% shares rose 0.3% in aftermarket trading on Monday after the bank said it will keep its third-quarter dividend at $1 a share as it channels more capital to complete...
Wells Fargo plans to increase dividend
Wells Fargo & Co. WFC, -1.28% said late Monday it expects to increase its third quarter dividend to 30 cents a share, from 25 cents a share, subject to approval by the company’s board at its...
Ceragon stock surges on acquisition offer from Aviat
Ceragon Networks Ltd. CRNT, -5.43% shares surged in the extended session Monday after Aviat Networks Inc. AVNW, -2.08% offered to acquire the wireless telecom equipment company and shake up its board....
Citigroup cuts S&P 500 target to reflect blend of recession, ‘soft landing’ scenarios
Citigroup analysts have cut their S&P 500 target for this year by 500 points to 4,200, after stubbornly high inflation spurred the Federal Reserve to aggressively raise interest rates. “Fed hawkis...
Wall Street bear who called stock-market selloff sees S&P 500 up another 7% before turning lower
Morgan Stanley’s Mike Wilson is one of Wall Street’s most vocal bears. But even he thinks this bear-market rally has more room to run. After the Dow Jones Industrial Average DJIA, -0.20%, S&P 500 ...
Crypto broker Voyager Digital shares plunge 13% after issuing default notice to hedge fund Three Arrows, which missed $667 million payment
Voyager Digital’s VYGVF, -21.54% shares fell about 13% on Monday to around $0.50, after the crypto broker said it issued a notice of default to Three Arrows, formerly one of the most active cryp...
Office workers in San Francisco, Manhattan and Chicago are not returning to the office in significant numbers, research shows
Companies are trying to bring back employees into the office. Early data suggests that workers still aren’t that keen. According to a new report by Placer.ai, visits to office buildings have yet to ca...
Gensler labels bitcoin a ‘commodity’ as crypto prices stabilize
Securities and Exchange Commission Chairman Gary Gensler said Monday that bitcoin BTCUSD, -0.24% was the only cryptocurrency he was prepared to publicly label a commodity, rather than a security, in a...
Tesla, Rivian and Nio stock price targets cut on supply chain troubles, Shanghai shutdowns
Mizuho analyst Vijay Rakesh became little less bullish on electric vehicle makers Tesla Inc. TSLA, -0.32%, Rivian Automotive Inc. RIVN, -3.59% and China-based NIO Inc. NIO, -4.69% on Monday, citing th...
NIO’s Hong Kong, Singapore shares hit new highs as outlook brightens
NIO Inc.’s shares in Hong Kong and Singapore have climbed to fresh record highs as the global outlook for electric-vehicle demand brightens. The electric-car manufacturer’s Singapore-listed shares NIO...
How retirees should navigate this bear market
Here’s how best to play the market for the rest of 2022: Don’t look. I offer this advice not because I believe the bear market will continue—though of course it could. I would offer the same advice if...
Intel wins latest race in chip uses for the cloud, says KeyBanc Capital Markets
Chip giant Intel Corp. is leading growth in cloud technology, according to new research from KeyBanc Capital Markets. Intel Corp. INTC, +3.21% is the winner in KeyBanc’s latest monthly data tracking s...
Bed Bath & Beyond is reducing store hours and turning down the air conditioning to cut costs, analysts say
Bed Bath & Beyond Inc. is turning down the air conditioning at its stores in order to save cash, according to Bank of America analysts who conducted channel checks and store visits. Other measures...
The stock market’s return will be minus 3.3% a year over the next decade, says this ‘single greatest predictor’
This month we’ve received both good and bad news from the “single greatest predictor of future stock market returns.” I’m referring to the indicator, first proposed by the Philosophical Economics blog...
Snowflake has catapulted into ‘elite territory,’ JPMorgan says in upgrade
Snowflake Inc. is winning big praise from those in charge of tech spending, and that’s cause for an upgrade of its stock at JPMorgan. The bank’s recent survey of chief information officers found stron...
Bowman backs steep rate hikes and wants to ‘get the Fed out’ of housing market
Federal Reserve Gov. Michelle Bowman said she supports an aggressive series of interest-rate increases to try to tame inflation and eventually wants the central bank to stop intervening in the U.S. ho...
These dividend stocks yield at least 5% and have plenty of room to raise payouts
This year’s stock price declines make for an increasing number of stocks with high dividend yields of at least 5%. Below is a screen that highlights 29 that appear to be able to raise their payouts co...
Mullen Automotive stock heads for six-day winning streak after company discusses patent applications
Shares of Mullen Automative Inc. MULN, +5.26% were ahead in Wednesday morning trading but had pared back some of their gains after the electric-vehicle company said that it had filed various patents t...
Polestar shares expected to debut Friday on Nasdaq after SPAC deal approved
Shares of electric vehicle company Polestar are expected to debut on the Nasdaq on June 24, after shareholders of special purpose acquisition company Gores Guggenheim Inc. GGPI, +11.87% approved the p...
The U.S. housing market is teetering on recession. Will the economy soon follow?
The last time the housing market suffered a major meltdown in 2006, it took the entire U.S. economy with it. But history never follows the exact same script twice. The weakening housing market is undo...
Stock market nosedive, recession and your 401(k). Here’s what to do.
Even some of the most aggressive retirement savers and investors might find themselves a bit nervous these days with talks of a recession and a market downturn, so the best strategy for those in it fo...
3 big problems with Congress’ new retirement reforms
A new set of reforms to America’s retirement tax and savings plans passed a key hurdle in Congress last week. Variously known as the SECURE Act 2.0, the EARN Act and the RISE & SHINE Act, the meas...