Shares of J.B. Hunt Transport Services Inc. fell after hours on Tuesday after the company reported third-quarter results that missed Wall Street’s expectations.
Market Extra: Why Biden’s planned Israel visit is calming markets — for now
President Biden’s planned trip to Israel Wednesday soothes market jitters, with investors locked on oil price moves.
The Tell: Long-term U.S. Treasury yields may resume their march higher despite recent bond-market swings, BlackRock says
A recent surge in the U.S. Treasury yields may continue and the volatility is likely to persist as investors demand more compensation for the risk of holding longer-term Treasurys, says BlackRock Investment Institute.
Banking: U.S. Bancorp’s stock rallies on release of Fed banking requirement
U.S. Bancorp no longer has to meet Category II banking requirements after its December acquisition of MUFG Union Bank.
Market Extra: ‘Bond math’ shows traders bold enough to bet on Treasurys could reap dazzling returns with little risk
As investors snap up long-dated Treasurys following a historic rout that has seen the price of some issues cut in half, some traders are using esoteric “bond math” to justify making big contrarian bets.
: 5 charts that show how the housing market crashed and burned in 18 months
The ‘fastest Fed-driven housing slowdown on record’ has slowed the U.S. housing market with elevated prices and higher monthly mortgage payments.
: Shares of bankrupt Rite Aid plunge despite meme-stock chatter
After halting on Monday, trading in Rite Aid’s stock resumed Tuesday.
: Lucid’s stock dives toward a record low after EV production data disappoints
Lucid’s stock dropped into record-low territory Tuesday, after the electric-vehicle maker reported disappointing third-quarter production and delivery data.
Washington Watch: House speaker election: Jim Jordan falls short in initial vote, second ballot planned for Wednesday
Rep. Jim Jordan hits resistance Tuesday in an initial round of voting as he works to become the next speaker of the U.S. House of Representatives.
The Ratings Game: Dollar Tree’s stock has tumbled this year. Its millions of wealthier new customers could change that, analysts say.
Around half of Dollar Tree’s newer customers have household incomes over $125,000, Goldman Sachs said.
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