Text size Cleveland-Cliffs could benefit from a shortage of steel. Sean Gallup/Getty Images Cleveland-Cliffs stock is JPMorgan’s top pick in the steel sector, the investment bank said Thursday, as Rus...
Tag: SYND
Stock Market Gets Boost From Bond Selloff. Time to Sell the Rip?
Text size NYSE The Federal Reserve is talking tough about fighting inflation—and the stock market loves it. Don’t expect equities to be so relaxed if Powell & Co. act on their words. The S&P 5...
GameStop Stock Saw Two Big Insider Purchases
Text size GameStop stock has slipped in recent months. Chairman Ryan Cohen and director Larry Cheng made big share purchases last week. Justin Sullivan/Getty Images GameStop stock had two material ins...
How Putin’s War Made These 3 Fertilizer Producers Hot Stocks
Illustration by Elias Stein Text size Since Russia invaded Ukraine, shares of Saskatoon, Canada’s Nutrien , the Western Hemisphere’s top fertilizer maker, have climbed 37%. The Energy Select Sector SP...
Why Housing May Not Get as Hammered as Usual in This Rate Hike Cycle
Traditional home buyers are sure to be pinched by rising mortgage rates, but better-financed investors could keep prices rising. Here, a home for sale in Houston last summer. Brandon Bell/Getty Images...
Mortgage Rates Rose Even Higher. Here’s How Much More You’d Pay Now.
New-home sales fell in February due, in part, to the effects of rising mortgage rates on affordability. Justin Sullivan/Getty Images Text size Mortgage rates climbed past 4% last week—and their rapid ...
Bitcoin Prices Are ‘On the Verge of a Major Breakout’
Text size The prices of Bitcoin and other digital assets rise Friday. Dreamstime Bitcoin and other cryptocurrencies moved higher on Friday, boosted by the return of risk appetite among investors and a...
Joby Reports a Profit From No Sales. The Stock Is Soaring.
Text size Courtesy Joby Aviation Electric air taxi maker Joby Aviation managed to produce a profit in the fourth quarter even though it doesn’t have any sales just yet. Shares were rising sharply Frid...
Tesla, GM, and Volkswagen Each Lead the Car Industry in R&D Spending
Text size A Tesla car at the company’s new factory in Germany. Christian Marquardt — Pool/Getty Images Does Tesla spend the most money on research and development? Or is it General Motors? Or Vo...
Alaska Air Is Converting 2 More Boeing Jets Into Freighters. Here’s Why.
Text size Alaska Air sees capacity rising by 1% to 3% in 2022 compared to 2019. Photograph by Jason Redmond/AFP/Getty Images Alaska Air Group unveiled plans Thursday to convert two Boeing 737-800 pass...
Credit Suisse Warns of $500 Million Hit From Billionaire’s Lawsuit
Credit Suisse CS 0.49% Group AG is expected to pay around $500 million after losing a lawsuit brought by a Georgian billionaire who claimed the bank mismanaged his money. Credit Suisse has spent years...
India’s Russian-Oil Buy: Red Flag or Red Herring?
Desperate times call for desperate measures. The adage may sum up India’s recent decision to buy discounted Russian oil. While it raised eyebrows in the West, the purchase at this time of soaring pric...
Southwest Airlines to Launch New Ticket Type to Boost Revenue
Southwest Airlines Co. LUV 0.35% is launching a new type of ticket with some additional perks as it looks to boost revenue and its appeal to business travelers. The new fare will rank above Southwest’...
Texas Survey Shows Why Oil Producers Aren’t Drilling More
Text size The Federal Reserve Bank of Dallas surveyed 141 oil and gas firms in the 11th Fed District, which includes Texas and parts of New Mexico and Louisiana. Spencer Platt/Getty Images Oil and gas...
Edward ‘Ned’ Johnson, Former Fidelity CEO and Fund Pioneer, Dies
Text size Edward “‘Ned” Johnson III built Fidelity Investments into a giant financial services firm. Neal Hamberg/Bloomberg News Edward “Ned” Johnson III, who built Fidelity Investme...
Russian Stock Market Rises After Closing for a Month
Text size Stocks in Russia, closed since the end of February following the invasion of Ukraine, began trading again Thursday. Matthew Stockman/Getty Images The Russian stock market, which has been clo...
Rivian Stock Gets a Target Price Cut. Wall Street Is Trying to Catch Up.
Text size Most analysts still rate Rivian shares Buy, despite the stock’s recent decline. Courtesy Rivian Analysts are adjusting their price targets for Rivian Automotive stock to reflect its ex...
T-Mobile Stock Gets an Upgrade. It Has an Edge Over Verizon and AT&T.
Text size T-Mobile’s stock was upgraded to Overweight. David Paul Morris/Bloomberg T-Mobile US shares were ticking up on Wednesday after KeyBanc Capital Markets upgraded the wireless company’s s...
Inverted Yield Curve Signals a Recession. A Different Curve Tells a More Upbeat Story.
Text size The Federal Reserve, led by Jerome Powell, raised interest rates for the first time since 2018 earlier this month. Photo by Samuel Corum/Getty Images The most-watched yield curve is close to...
Apple Stock’s Rally Could Keep Going Thanks to ‘Stellar’ iPhone 13 Demand
Text size People shop at the Fifth Avenue Apple Store in New York. Spencer Platt/Getty Images Demand for the iPhone 13 is on track to outpace previous iPhone models, according to analysts, with the po...
Olive Garden Parent Darden Predicts Lower Sales This Year, but the Stock Is Up.
Text size In addition to Olive Garden and LongHorn Steakhouse, Darden owns brands such as Cheddar’s Scratch Kitchen, Yard House, and The Capital Grille. Dreamstime.com Shares of Darden Restauran...