Big business is upping the pressure on President Joe Biden to intervene in a dockworkers strike set to begin Tuesday that could shut down ports handling more than half of all U.S. trade and potentially lead to an increase in the cost of consumer goods.
Wall Street is about to flip its calendar to the most volatile month of a presidential election year, but the record-setting rally seen in the third quarter has investors pondering whether the big gains have staying power.
Apple Inc.’s stock surged Monday after J.P. Morgan made an upbeat call on iPhone availability, with improvement led by the iPhone 16 base models.
Trump Media & Technology Group Corp.’s stock rose Monday to bring its total gain for the past week up to nearly 30%, but it still remains in negative territory for September as the month ends.
One year after the pause on student-loan payments ended, Uncle Sam is getting ready to tell credit-reporting companies which borrowers are falling behind on their payments.
The Fed chair said the surprise half-point cut in the central bank’s policy rate earlier this month was a sign of confidence in the economy and labor market.
A significant shift in the trading relationship between stocks and bonds is under way. Similar situations in the past have boosted returns for investors who owned both, according to an analysis from Verdad.
Risk of a U.S. recession seem low as the Federal Reserve begins a cycles of interest-rate cuts, the nation’s top economists say, but a weakening jobs market and rising credit delinquencies could pose dual threats.
Nvidia’s stock fell again on Monday but remained on track for another monthly gain, as Wall Street continued to tout the semiconductor maker as a driver of the artificial-intelligence revolution.
Amazon.com Inc.’s streaming video service drew more than $1.8 billion in advertising commitments from last week’s upfront event, exceeding the company’s own targets and putting it well ahead of rival Netflix Inc., Bank of America analysts wrote Monday.
Favored names expected to continue gushing cash include Devon, Halliburton and Schlumberger.
The European economy is facing headwinds amid subdued activity in the region’s manufacturing base, ECB President Christine Lagarde said on Monday.
“His son and his wife are not good to us. We rarely see them and they never offer to help us with anything.”
The Shanghai Composite Index surged 8% Monday to stretch September’s gain to 17%, marking the best rally in 16 years.
Oil futures edged lower Monday, pressured by expectations that major oil producers will boost production in December — leading to a surplus of supplies as the outlook for demand remained uncertain.
Gathering signals potential changes to improve shareholder value after the company’s weak stock performance.
The Chicago Business Barometer, the gauge of business activity also known as the Chicago PMI, rose to 46.6 in September from 46.1 in August.
Carnival’s stock took a hit Monday, after the cruise operator reported record fiscal third-quarter revenue that beat expectations, but provided a downbeat outlook for net yields in the current quarter.
After four rejections, Australia’s REA on Monday finally gave up its pursuit of Britain’s Rightmove.
Stellantis warns of more intense competition from China.
