A trade that blew up in the market’s face nearly six years ago, saddling investors with billions of dollars of losses, is making a comeback in 2023.
Market Extra: Exclusive: Hex adds to AI grab for San Francisco office space with new lease
San Francisco is getting a shot in the arm from AI companies looking for office space in a city clamoring for a recovery.
Realtor.com: Sofia Vergara slashes the price on her Beverly Hills estate yet again — this time to $16 million
Earnings Results: Jack Daniel’s parent company’s stock sinks after surprise drop in profit and sales miss
Brown-Forman’s stock took a beating Wednesday after the parent of the Jack Daniel’s whiskey brand reported a surprise drop in quarterly profit.
: Burger King must face lawsuit over claims Whopper appears bigger on menu than in reality
A U.S. judge has ruled that Burger King must face a lawsuit from plaintiffs who claim its Whopper burger appears larger on menus than it does in reality.
: Insurance companies in the spotlight as Hurricane Idalia makes landfall in Florida as a Category 3 storm
Insurance stocks rose as Idalia caused widespread flooding and damage while missing the larger population centers along the coast of the Sunshine State.
Economic Report: Signed contracts for U.S. homes rise for the second month in a row
U.S. pending home sales rose in July, the National Association of Realtors said on Wednesday.
Metals Stocks: Gold prices log highest finish since early August as traders await U.S. inflation, labor-market data
Gold futures settle at their highest price in more than three weeks Wednesday as traders awaited more data on the U.S. labor market.
Economic Report: U.S. economy grew at slower 2.1% pace in second quarter, new GDP figures show
The U.S. economy grew at a somewhat slower 2.1% annual pace in the second quarter, revised figures show, but in retrospect it still showed more underlying strength than expected.
Market Extra: A stormy September for U.S. stocks may lie ahead. What investors need to know about Wall Street’s worst month.
A fierce artificial intelligence-led rally in the U.S. stock market seems to run out of steam in August, but expect September, which is just two trading days away, to be more volatile if the past several decades are any guide.
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