The number of Americans who applied for unemployment benefits last week rose slightly to 207,000, but they remained near pandemic-era lows.
Earnings Results: Constellation Brands swings back to profit but guidance leaves analysts unimpressed
Constellation Brands Inc. posted better-than-expected earnings for its fiscal second quarter, but the stock still fell in early trade.
: Longeveron stock jumps on Alzheimer’s trial results
Treatment derived from bone marrow shows promise in patients with mild Alzheimer’s disease.
: Howard Hughes Holdings spinning off Seaport Entertainment to shareholders
Houston conglomerate names former MGM executive Anton D. Nikodemus as chief executive of Seaport Entertainment as an independent company.
Europe Markets: Alstom shares plunge more than a third after high-speed train builder warns on cash flow
Alstom shares came off the rails Thursday, at one point sliding 37%, after the France-based maker of high-speed trains cut its free cash flow forecast amid project delays and inventory build-up.
: Shoppers will spend more than ever on holiday gifts online. But here’s where they might cut back to make it work.
U.S. consumers this year are expected to spend a record $221.8 billion online over the holiday season, Adobe says.
: More than 239,000 global tech workers have been laid off so far in 2023
Some 1,043 tech companies have laid off 239,603 employees thus far in 2023, according to data from Layoffs.fyi.
Earnings Results: Conagra’s stock turns down as consumer-spending slowdown leads to sales miss
Conagra’s stock fell Thursday, after the food brands company reported a quarterly profit that rose above expectations but sales that fell short.
Market Extra: Wall Street worries U.S. could lose last AAA rating as political chaos fuels government-shutdown fears
Fresh political chaos could prompt a government shutdown in November and Moody’s to revoke its AAA ratings for the U.S. It also would mark a sea change in 100 years of bond ratings.
: VinFast’s stock rallies after EV deliveries top 10,000 in Q3
VinFast’s stock bounced Thursday after the electric-vehicle maker said its deliveries rose to more than 10,000 EVs during the third quarter.
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