The Federal Reserve is widely expected to raise interest rates by another 25 basis points, while a slate of Club holdings report quarterly results.
Unity Software to lay off 600 employees, or 8% of its workforce
Unity Software announced plans to cut about 600 jobs, or 8% of its workforce, according to a company filing.
Microsoft economist warns of A.I. election interference from ‘bad actors’
Chief economist Michael Schwarz said that AI productivity risks weren’t as worrying as bad actors who could meddle in elections or generate spam.
This education stock was hit by the emerging A.I. threat, but now BofA calls it a screaming buy
The firm upgraded the stock to buy from underperform.
Here are Wednesday’s biggest analyst calls: Apple, Chewy, Disney, Wells Fargo, AMD, Coinbase & more
AMD got a big downgrade from Bank of America, while Mizuho grows concerned over Coinbase’s future.
J&J spinoff Kenvue prices IPO at $22, toward the top end of expected range
J&J’s consumer health spinoff, Kenvue, is expected to set an initial public offering price Wednesday night and trade Thursday on the New York Stock Exchange.
Olive Garden owner Darden Restaurants buys Ruth’s Chris Steak House for $715 million
Ruth’s Chris Steak House has more than 150 locations worldwide and generated $505.9 million in revenue in 2022.
Five reasons why regional bank stock investors are worried
Put it all together: you have lots of earnings headwinds. You’ve got a lot of selling pressure, but not a lot of reasons to buy.
Private payrolls surged by 296,000 in April, much higher than expected, ADP says
Private payrolls growth was above the downwardly revised 142,000 the previous month and well ahead of the Dow Jones estimate for 133,000.
Stocks making the biggest moves premarket: Starbucks, AMD, Pearson, PacWest & more
These are the stocks posting the largest moves in premarket trading.