‘It’s certainly not a snoozer,’ Sonia Meskin, head of U.S. macro at BNY Mellon Investment Management, as the Federal Reserve pencils in only two rate cuts next year.
Earnings Results: KB Home stock slips despite earnings beat, raised forecast and ‘steady’ demand
KB Home shares declined after hours Wednesday following an earnings beat, a hiked revenue forecast, and reported steady demand amid rising mortgage rates.
: Free COVID tests: How to get 4 more rapid at-home tests from the government
The Biden administration announced that starting Monday, U.S. households will again be able to order four free COVID-19 test kits.
: T2 Biosystems’ stock extends losing streak despite FDA approval for anthrax and plague diagnostic test
Shares of T2 Biosystems extended their losing streak to two days Wednesday.
: Former Facebook security head warns 2024 election could be ‘overrun’ with AI-created fake content
“What once took a team of 20 to 40 people working out of [Russia or Iran] to produce 100,000 pieces can now be done by one person using open-source gen AI,” Alex Stamos said.
The Ratings Game: Amazon illustrates one challenge for Zebra’s stock, Morgan Stanley cautions
A more “extended” recovery for the consumer and retail markets could mean challenges for Zebra Technologies Corp. shares, according to Morgan Stanley.
IPO Report: Klaviyo’s stock jumps almost 23% above IPO price. Here’s why it could set the tone for other tech debuts.
Klaviyo’s stock was cheered in its Wall Street debut, as the digital-marketing software-as-a-service company’s stock opened 22.5% above its IPO price.
Market Extra: Traders’ interest-rate expectations for 2023 little changed despite Fed’s projections
Federal-funds futures are still indicating that traders expect the Federal Reserve will keep its benchmark interest rate at the current level this year, even as the Fed’s projections released Wednesday showed one more rate hike may be coming.
: The return-to-office battle just hit a tipping point that gave companies a win
Companies’ push to bring more workers back into the office is showing initial signs of working, according to one important indicator.
: Climate change leaves us at ‘gates of hell,’ says U.N.’s Guterres at event that pushes aside mega-polluters U.S., China
Head of the U.N. says the world is approaching the “gates of hell” as climate change intensifies, in remarks made at a yearly climate-ambition summit.
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