The telecommunications and fiber company now expects $1.0 billion to $1.2 billion in free cash flow for the full year, up from a prior outlook of $100 million to $300 million.
After giving a better-than-expected forecast, Upstart sees its “comeback story” on the horizon.
Reddit Inc. reported its second quarterly results as a public company Tuesday, with the social-media platform reporting better-than-expected revenue and a narrower-than-expected loss, and giving sales guidance that surpassed Wall Street’s expectations.
Shares of Rivian Automotive Inc. dropped in the after-hours session Tuesday after the EV maker reported a mixed quarter, with a much wider-than-expected quarterly loss trumping revenue that came in slightly above forecast.
The annual Sallie Mae report on how America pays for college does not signal good news for next year, either.
“The prospects for the economy and prospects for the stock market do not go hand in hand,” one economist noted.
It took only about a week for riskier U.S. corporate bonds with ‘junk’ credit ratings to erase all of their gains this year.
A day after U.S. recession fears swept global financial markets, a few things became clear. One of them is that if the Federal Reserve actually delivers as many rate cuts as traders currently expect, it could lead to a new set of problems.
The S&P 500’s 3% pullback on Monday doesn’t meet the criteria to be considered a “black swan” event, said author Nassim Nicholas Taleb.
Recessions are rarely if ever easy to see coming. But there’s little reason to expect one now even after last week’s poor jobs report and a meltdown in the stock market.
The risk of a bear market still remains if the economic slowdown becomes a recession in the second half of 2024, says Stifel’s Barry Bannister.
Since the end of the pandemic in 2023, “the perception that COVID is gone is real … but the virus isn’t gone,” says WHO official.
Lumen’s recent business wins around AI suggest “a greater amount of fiber-related demand should still be on the horizon,” a Citi analyst said.
Cathie Wood kept to her strategy of buying on dips, as three of the high-profile investor’s ETFs used the recent tumble in Amazon’s stock to take new positions in the e-commerce and cloud giant.
“Set it and forget it” can help you establish a savings plan and exercise discipline, but sometimes it’s OK to ignore that advice.
Investors should consider hedging portfolios to counter Trump’s proposed policies for U.S. industry and trade.
The Cboe Volatility Index was falling fast on Tuesday following Monday’s surge. But investors shouldn’t interpret this as an all-clear to buy back into stocks.
Highlighted stocks fall into two categories: oversold, or idiosyncratic with catalysts. Both types offer ‘positive risk/reward.’
Americans are falling behind on their credit-card bills at a pace not seen since the aftermath of the 2007-09 recession — and interest-rate cuts might come “a little too late.”
Traders on Monday made a record number of option bets that equities would fall, a stark illustration of just how anxious investors became as stock markets tanked.
