The $1.4 trillion U.S. leveraged loan market is facing a wave of credit downgrades, and probably also a reality check as rapid interest rate hikes take a toll on earnings.
Key Words: Rep. Ted Lieu wants a federal agency to oversee AI, saying the technology ‘has caused harm’
California Democrat says Congress is ‘incapable of passing legislation that can regulate AI.’
Key Words: GE has seen only 1 thing that warns of falling demand in 2023
GE saw changes in only one demand indicator that suggests the economy is slowing, but it was enough to provide a downbeat 2023 profit outlook
Earnings Results: Raytheon’s profit more than doubles as Ukraine war boosts defense budgets
Raytheon’s strong profit offset a slight shortfall in sales.
The Ratings Game: Lululemon bulls need a ‘reality check,’ analyst cautions
Lululemon Athletica Inc. has been on a hot streak for the past five years, but that may be coming to an end.
: Institutional investors file shareholder resolutions at JPMorgan, Bank of America to curb emissions
Investors including the Sierra Club Foundation, Trillium and Harrington Investments are targeting the biggest U.S. banks in a bid to reduce financing tied to greenhouse-gas emissions.
The Tell: Jeremy Grantham says ‘easiest leg’ of stock-market bubble burst is over. Here’s what’s next.
Longtime stock-market bear Jeremy Grantham says the “easiest” part of the U.S. stock-market bubble burst is over. Investors should brace for a rough ride.
Earnings Outlook: Intel earnings will be more about the future than the past
Intel Corp. earnings will be more about the future than holiday-season results.
: J&J: ‘Tripledemic’ fueled demand for Motrin and Tylenol
Johnson & Johnson cited Motrin and Tylenol as ‘major contributors to growth’ in its over-the-counter division
: Justice Department sues Google for antitrust in digital advertising, while Alphabet stock slides
The Justice Department sued Alphabet Inc.’s Google on Tuesday, alleging its dominant digital-advertising business constitutes a monopoly.