Construction spending fell 0.1% in April, the Commerce Department reported Monday.
A key barometer of U.S. factories fell to a three-month as new orders waned, the cost of raw materials rose and businesses were reluctant to invest due to high borrowing costs.
Hedge funds are collecting ‘significant’ fees on returns that would be ‘easily obtainable’ for free in the current higher interest rate environment
European stocks could rally over the next few years when the current “U.S. equity mania” ends, analysts say.
Analysts at Citi gave electronics retailer Best Buy a rare double-upgrade on Monday, boosting their assessment in anticipation that same-store sales will start rising.
Alphabet, Microsoft, Meta, Amazon together account for another quarter, according to UBS.
Structure Therapeutics’ American depositary receipts gained more than 6% premarket on Monday after the company said its experimental weight-loss pill achieved its aims in a clinical trial.
The latest post from influential trader Keith Gill has lifted shares of original meme stocks GameStop and AMC, as well as other heavily shorted names.
