The company said it was doing away with a 99-cent order-processing fee that drew pushback from customers.
Deep Dive: Stocks in this left-behind sector are expected to rally as much as 33%
Despite the strong rally for stock prices in 2023, most sectors of the S&P 500 are still below their levels at the end of 2021.
The Ratings Game: Cisco’s stock climbs as orders seen bottoming, prompting an analyst upgrade
Cisco’s stock rallied Wednesday after J.P. Morgan’s Samik Chatterjee turned bullish, as he said, in analyst-speak, that orders appear to be bottoming.
The Ratings Game: Intel is showing improvements, but AI setup remains a ‘mixed story,’ analyst says
Intel’s upcoming earnings could reflect recent improvements, but there’s risk that customers are shifting budgets away from the company’s bread and butter.
Economic Report: U.S. housing starts fall 8% in June, biggest drop in a year
Construction on new U.S. homes fell 8% in June, the Commerce Department said Wednesday.
The Ratings Game: AT&T’s stock soars toward best day in 3 years as lead-cable update sparks relief
After failing to close in positive territory for the 10th session in a row Tuesday, AT&T shares were tracking toward a potentially sizeable gain Wednesday.
Futures Movers: Oil futures settle lower after a smaller-than-expected decline in U.S. crude supplies
Oil futures settle lower on Wednesday, giving up early gains, after official U.S. data show domestic crude supplies fell less than the market expected last week.
Market Extra: ‘Dollar smile’ theory says the currency will weaken further, but some believe the framework could use an update
A widely used framework that has proved successful at anticipating cycles of U.S. dollar strength and weakness suggests the world’s reserve currency will likely weaken further.
The Tell: U.S. dollar could soon wipe out all of its post-pandemic gains, Soc Gen strategist warns
The slide in the U.S. dollar in the last eight months could mean that mean all of its gains in the wake of the coronavirus pandemic will soon be lost, according to Kit Juckes, a macro strategist at Société Générale who has been a long-time currency analyst.
Need to Know: What happened in Beijing? Here are two theories on what it means for markets
Why has the dollar dropped after Treasury Secretary Janet Yellen left Beijing? Here are two competing theories, and what they mean for markets.
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