3M’s stock rallied Wednesday after the company said DOD data showed that 90% of plaintiffs in Combat Arms earplug litigation had no hearing impairment.
The Ratings Game: Rivian stock drops to lowest in six weeks on weaker 2023 outlook
Rivian stock falls 17% a day after the electric-vehicle maker pinned weaker production forecast on manufacturing snags that many analysts thought were resolved.
The Ratings Game: Analysts stick to their ratings after Goldman investor day
Jefferies reiterated a buy rating on Goldman Sachs, while Odeon and CBRE maintained hold ratings as they keyed off the fate of its consumer-banking effort.
: What’s next for AMC? After Q4 beat, focus shifts to key shareholder vote.
AMC says that if its proposals are accepted, the company’s efforts to raise capital will be boosted.
: Apollo Global Management chief economist says ‘housing recovery has started’ — but warns that could lead to more rate hikes
Torsten Slok laid out his rasons for why he thinks the sector is coming out of a slowdown.
: Student-loan forgiveness: There is no ‘backup plan,’ says Biden official. ‘We have one plan, it’s the plan that we’ve announced.’
White House economic official Bharat Ramamurti joins MarketWatch to discuss the president’s economic agenda.
: Lawmakers consider plan to raise Social Security’s full retirement age to 70
According to a media report, the potential proposal calls for creating a sovereign-wealth fund and changes to ways benefits are calculated.
The Fed: Fed’s Bostic sees needs for interest rates to be raised to 5%-5.25% range
Atlanta Fed President Raphael Bostic on Wednesday said the Fed needs to raise the federal funds rate to between 5% and 5.25% and no rate cuts this year.
Earnings Results: NIO stock swings lower after reporting losses that were much wider than expected
NIO’s stock slumped to a 2 1/2-year low, after the China-based EV maker reported a much wider-than-expected loss and revenue that fell short of forecasts.
Economic Report: U.S. factories contract for fourth straight month, ISM shows, but there might be a silver lining
A key barometer of American factories was negative for the fourth month in a row at 47.4%, as manufacturers cut back on production to cope with a slower U.S. economy.