Financial stocks are among the worst performers in the S&P 500 index on Tuesday, as the sector was hit with more than one fresh challenge.
The Ratings Game: Why is Palo Alto Networks reporting earnings Friday afternoon? The strange timing draws speculation.
Wall Street wonders why the cybersecurity company decided to report earnings and hold its conference call after the close of markets on a Friday.
MarketWatch: On the streets of San Francisco, will robotaxis run amok or aground?
Last week, state regulators voted to allow Cruise and Waymo to operate an unlimited number of driverless cars on San Franciso’s streets.
FA Center: Risky high-yield ‘junk’ bonds aren’t priced like junk — and that’s a problem
The yield spread between Treasurys and junk bonds suggests that junk-bond investors aren’t worried about recession.
Metals Stocks: Gold prices continue to struggle after sliding to 1-month lows as rising bond yields heap pressure on metals
Gold prices slid further on Tuesday, settling at their lowest levels in more than a month, as U.S. Treasury yields and the U.S. dollar climbed following the release of official data showing a surge of sales by American retailers in July.
: AMC stock rallies more than 8% after plunging on stock-conversion plan approval
AMC’s stock rallied Tuesday after plunging more than 35% Monday following a Delaware court’s approval of the company’s revised stock-conversion plan.
: New York City ‘permanently’ blocked from switching retirees to Medicare Advantage
The switch to the privatized health insurance program had been temporary blocked in June.
: Trump to surrender in Georgia: What does a RICO charge mean?
6 things to know about RICO violations, which are usually associated with mobsters, but can apply much more broadly, legal experts say.
IPO Report: Sacks Parente Golf’s stock soars more than 600% in trading debut on Nasdaq
Golf-equipment maker upsized its initial public offering at pricing and saw the stock soar on Tuesday.
The Tell: BofA warns of ‘unusual lack of concern’ in stock market amid rising expectations for ‘recession-free’ rate cuts
Bank of America analysts are cautioning stock investors about betting the Federal Reserve will deliver interest rate cuts without a recession in the wake of the central bank’s aggressive monetary tightening.
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