Consumer confidence fell 1.1 points over the week, completing six consecutive months below 80 points, something never before seen in the data.
In One Chart: Watch this ‘canary in the coal mine’ for signs of trouble in markets, Neuberger Berman CIO says
This 84-year-old investment firm is on the lookout for cracks in credit markets from the Federal Reserve’s rate hikes.
The Ratings Game: Microsoft’s stock has a ‘rich catalyst path ahead’ after underperforming, says Citi
Microsoft shares have lagged technology peers in recent weeks, but Citi analysts think the stock is poised for better performance in the months to come.
The Ratings Game: Amazon’s stock clinches highest close in more than a year
Enthusiasm continues to build for the e-commerce giant’s potential to improve the financial performance of its retail business.
The Tell: Wall Street’s most bullish strategist warns of choppiness in stocks, still sees the S&P 500 touching a record high this year
Recent weakness in the U.S. stock market is likely to persist over the near-term, says Wall Street’s most bullish strategist, who still thinks the S&P 500 will end 2023 at a record above 4,900.
: Energy Secretary Granholm, like Ford’s CEO, finds out EV charging can be a pain
During road-trip NPR interview, EV user called police on Energy Sec. Granholm’s team for blocking charging spot; Ford’s Farley confesses to ‘charging anxiety.’
: DraftKings apologizes for 9/11-themed betting promotion titled ‘Never Forget’
The Sept. 11 promotion on DraftKings’ online sportsbook involved three New York teams playing on Monday to win their games
Earnings Results: Oracle stock sinks as revenue outlook falls below Wall Street consensus
Oracle Corp. shares fell further in the extended session Monday after the software company’s forecast disappointed.
: ‘Xi Jinping is preparing for war’: China hawk in Congress pushes new investment restrictions
President Biden has taken a number of steps to prevent the flow of strategic U.S. technologies to China, but many in Congress feel that he hasn’t done enough.
Economic Outlook: U.S. budget deficit will double this year to $2 trillion, excluding student loans, CBO says
The U.S. federal budget deficit will double to $2 trillion this fiscal year from $1 billion last year when the student loan program is excluded, the CBO said.
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