U.S. regulators on Monday sued on Adobe Inc., accusing the software company and two executives of “deceiving consumers” by hiding the termination fee for a popular subscription plan and making it too difficult for customers to cancel subscriptions.
The digital-education platform Chegg Inc. on Monday said it would slash nearly a quarter of its staff, a move it said would free up space for longer-term investments as it tries to offer more than just academic guidance to students and use more artificial intelligence.
Palantir is ‘giving the market what it wants in terms of margin expansion and profitability,’ says an Argus analyst.
Merck has gained U.S. regulatory approval for a vaccine that could become a tough competitor to one of Pfizer Inc.’s top-selling products.
The JPMorgan analysts said a possible Big Lots bankruptcy could mean a bigger shopper exodus toward Ollie’s Bargain Outlet stores.
Broadcom is set to pass Eli Lilly and become the eighth-largest U.S. company by market cap.
French stocks have taken a beating on election worries, dragging down popular equity indexes focused on countries outside the U.S.
The new highest price target for Nvidia’s stock implies 21% upside from Friday’s close, but the most bullish targets for numerous other chip stocks suggest more room to run.
AMC Entertainment Holdings Inc. said Monday that its theaters just had their best weekend of the year in terms of moviegoers, but that didn’t stop the company’s shares from dropping in sympathy with those of fellow meme stock GameStop Corp.
Stock-market investors seem to be clamoring for rate cuts from the Federal Reserve, although the S&P 500 has been on a record-breaking run even without them. History shows investors should be careful what they wish for.
The strength of the U.S. economy relative to the rest of the world postpandemic has convinced some bullish investors that the country’s stock market will keep outperforming other global benchmarks. But some economists suggest otherwise.
Concerns are being raised about how well the so-called carry trade in currencies can do after the foreign-exchange market was rocked earlier this month by Mexico’s election results.
A major shakeup is coming to a popular tech-sector exchange-traded fund.
The newest federal holiday will see many closures.
The chief of the Philadelphia Federal Reserve on Monday said one reduction in interest rates “would be appropriate by year’s end” based on the current trajectory of inflation and the U.S. economy.
As Big Tech stocks pushed higher last week while the rest of the market lagged, the gulf between the performance of S&P 500 and its equal-weighted sibling reached a notable new extreme.
The bearish significance of current market concentration may be exaggerated
Best Buy’s stock now appears “fully charged” for a rally, said UBS’s Micheal Lasser, who on Monday became Wall Street’s most bullish analyst covering the consumer-electronics and appliances retailer.
Economists are divided between a first cut in September or waiting for December. Traders in derivative markets see the Fed cutting interest rates twice starting in September.
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