‘I think Bond Vigilante is a bit extreme,” says Mike Cudzil, a portfolio manager at Pimco. “I say that because the move thus far in the bond market hasn’t been all that impressive.”
The Ratings Game: Dick’s Sporting Goods said retail theft hit margins. This issue hit them harder.
Dick’s Sporting Goods’s second-quarter results weren’t great, and executives placed the blame squarely on theft and price cuts to clear excess athletic gear.
Earnings Results: Splunk’s stock jumps 12% on strong quarterly revenue, guidance
Shares of Splunk Inc. jumped in extended trading Wednesday after the software company reported quarterly results that topped analyst revenue and earnings estimates.
: Violent clashes are marring a summer of labor solidarity. Here’s what happened at a wedding.
Here comes the bride — and striking hotel workers.
Realtor.com: Joe Jonas and Sophie Turner finally sell their Miami mansion for $15 million
Banking: Schwab’s stock outpaces financial stock rebound
Analyst says concerns over liquidity were overblown after Schwab issues $2.35 billion in corporate debt.
Market Extra: Why this abstract concept could rattle stocks when Powell speaks at Jackson Hole
Investors and traders are looking for Federal Reserve Chairman Jerome Powell to address where he sees the neutral rate of interest during his speech on Friday.
Market Extra: Home-builder ETFs jump after data show new-home sales rose in July despite high mortgage rates
Exchange-traded funds that buy shares of home builders swung higher after fresh data on Wednesday showed new-home sales in the U.S. climbed by more than anticipated in July.
: Netflix’s ‘clear path’ to greater customer revenue has its stock hopping
Oppenheimer said Netflix is poised to recapture half of account-sharing households, with its estimates implying Netflix will directly recapture 46% of the total estimated 100 million account sharers by the end of 2025.
Market Extra: White House wants federal workers back to the office in September, a rare bright spot for D.C. properties
The Biden administration wants the entire federal workforce back to the office more often starting in September, a change that pertains to hundreds of thousands of people, an administration official told MarketWatch.
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