Hertz’s stock slips, but bounces sharply off earlier lows, as $1 billion write-off of car values reflects acceleration of fleet rotation.
Beneficiary designations are not the answer in every situation
President-elect Donald Trump campaigned on a platform to significantly ramp up U.S. oil production and bring down the cost of energy, but the head of the nation’s largest energy company is doubtful he can make good on that promise.
Consumers are more optimistic about inflation, the job market and their own finances, New York Fed survey shows.
Nvidia’s outlook for the January quarter may not wow Wall Street when the company posts earnings next week. But Mizuho analysts see bright prospects for later next year.
Shares of Honeywell International Inc. rallied into record territory Tuesday after activist investor Elliott Investment Management L.P. disclosed a large stake and said it was pushing for a breakup of the company.
Oil futures rose Tuesday, recouping some lost ground after back-to-back losses driven by worries about the prospects for demand out of China helped pull the U.S. benchmark back below the $70-a-barrel threshold.
Novavax Inc.’s stock fell 4% Tuesday after the company cut its full-year guidance, offsetting a narrower-than-expected third-quarter loss and better-than-expected revenue.
