The number of Americans who applied for unemployment benefits last week rose by 5,000 to a total of 245,000, pointing to a small but steady increase in layoffs.
Earnings Results: KeyCorp’s, Comerica’s and Zions’ stocks slide as lost deposits weigh on earnings
Deposits fall at KeyCorp, Comerica and Zions, while First Republic falls back from gains in the previous session.
Earnings Results: American Express earnings show continued surge in spending as interest in traveling remains high
American Express continued to benefit from strong spending growth in the latest quarter with particular momentum in the travel and entertainment categories.
The Ratings Game: Tesla price cuts do not ‘come without pain,’ but the EV maker is thinking long term on customer value
Tesla Inc.’s margins felt the sting of price cuts in the latest quarter, and analysts are hotly debating what comes next for the automaker.
Metals Stocks: Gold holds above $2,000 as rally stalls
Gold prices traded higher on Thursday as a weekslong rally in the yellow metal appears to have stalled just above the $2,000 per ounce level.
: Snap doubles down on AI
Snapchat+ tops 3 million users
: Snap doubles down on AI
Snapchat+ tops 3 million users
Futures Movers: U.S. oil benchmark settles at nearly a 3-week low, below $80 on recession fears
Oil futures on Thursday extend a retreat that’s seen the U.S. benchmark slip back below $80 a barrel.
Movers & Shakers: Tesla’s stock slide drags down other carmakers; IBM, D.R. Horton shares rise, and more big movers
U.S. carmakers caught in global selloff as Tesla margin sacrifice raises price cut fears.
Need to Know: These five synchronized assets are pointing to a ‘black swan event,’ says market veteran
Professor Jeff Bierman says bitcoin, gold, the S&P 500, bonds and oil are “moving together in automatic serial correlation,” and that’s not a good thing.
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