PayPal is making progress on some areas of its business, but it continues to spook investors on others.
The Fed: Richmond Fed’s Barkin says inflation remains too high, expects economy to slow
Richmond Fed President Tom Barkin said the U.S. has avoided a recession because of pandemic-related changes in the economy, but growth is likely to slow.
The Tell: Morgan Stanley’s Mike Wilson is warming to the U.S. stock-market rally. Here’s what would make him turn bullish.
Morgan Stanley’s top U.S. equity strategist Michael Wilson, one of Wall Street’s most prominent bears, is warming to the idea that the 2023 stock-market rally might have legs.
Earnings Watch: Amazon earnings: Here’s what to expect, by the numbers
Analysts will be keenly watching Amazon.com Inc.’s online shopping and AWS businesses when the e-commerce juggernaut reports second-quarter results after markets close Thursday.
The Human Cost: ‘It was so traumatic to see the destruction’: More Americans are moving to flood-prone areas. Why do they defy the warnings?
One Florida woman told MarketWatch she was left with a $30,000 bill after a hurricane damaged her home, despite having wind and flood insurance.
Metals Stocks: Gold prices slide for 3rd day as rising Treasury yields, stronger U.S. dollar sap demand
Gold prices slipped again on Thursday, heading for a third day in the red, as rising Treasury yields and a stronger U.S. dollar following Fitch Ratings’ downgrade of the U.S. credit rating put pressure on precious metals.
: Bank of England hikes interest rates to highest level since financial crisis
The Bank of England on Thursday lifted interest rates by a quarter-point to 5.25%.
: Cigna stock rises toward a 6-month high after adjusted profit, revenue rise above forecasts
Shares of Cigna Group rose 0.9% toward a six-month high in premarket trading Thursday, after the health insurer reported results that beat expectations.
Earnings Results: Hasbro adjusted Q2 profit misses analyst estimate but revenue beats the mark
Hasbro Inc. stock was up 2.5% in premarket trades after the toymaker beat its revenue target but missed on adjusted earnings.
Market Snapshot: U.S. stocks fall for third day as bond yields surge
U.S. stocks end lower Thursday as a global bond market selloff sent yields higher.
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