Tilray’s revenue beat analysts’ estimates as sales rose for both cannabis and alcohol products.
: House subcommittee holds hearing on UFOs: ‘We’re done with the cover-ups’
The House Oversight Committee’s subpanel for national security is holding a hearing Wednesday on “unidentified anomalous phenomena,” also called UFOs.
The Ratings Game: Target’s stock hit with a double downgrade on weak sales and traffic trends
Target’s stock dropped Wednesday after the discount retailer was double-downgraded at Raymond James amid weak sales and traffic trends.
Market Extra: ‘The market should be much lower,’ says billionaire businessman Thomas Peterffy. U.S. soft landing is ‘wishful thinking’
Thomas Peterffy, the billionaire founder and chairman of electronic brokerage giant Interactive Brokers Group Inc., thinks the rally in the U.S. stock market is overdone, and views hopes for a soft landing for the U.S. economy as simply “wishful thinking.”
: Only half of Americans feel on track for retirement and confidence is falling, BlackRock says
The top stressors included market volatility, inflation and worries about outliving savings, BlackRock says.
The Ratings Game: PacWest’s sale to Banc of California ‘provides closure’ and is a win for shareholders: analyst
KBW said the takeover price of $9.60 a share for PacWest is higher than many estimated, in a positive sign for the sector.
Futures Movers: Oil prices post first loss in 5 sessions as U.S. crude supplies fall less than expected, Fed hikes rates
Oil futures fall on Wednesday, following four consecutive session gains.
In One Chart: Microsoft and Google can’t stop talking about AI, and this chart proves it
As Microsoft and Alphabet get more serious about artificial intelligence, they’re spending a lot more time discussing it with the investment community.
Earnings Results: Coca-Cola’s stock gains after company beats and raises guidance following price hikes
Coca-Cola Co.’s stock rose 1.1%, after the drinks and snacks giant beat second-quarter earnings estimates and raised its guidance after again raising price.
Need to Know: Inflation is heading to zero, according to the one factor Jerome Powell absolutely will not discuss
The one thing you won’t hear Fed Chair Jerome Powell discuss on Wednesday is the money supply, which is falling at a precipitous rate.
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