Target’s stock rose 5% after the retailer beat profit estimates for the second quarter by a wide margin, offsetting a revenue miss and lowered guidance.
Outside the Box: Taylor Swift and the rest of the music industry use valuable data to make business decisions. The film & TV industry needs a similar model.
Actors and writers need information to understand the demand for the content they’ve created.
Economic Report: Mortgage demand falls as rates surge to the highest level since October 2022
Mortgage applications fell 0.8% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.16%.
Need to Know: Here are the stocks to buy and the ones to sell if interest rates stay high, says Jefferies
Jefferies offers up a stock playbook for a scenario in which the U.S. economy keeps surprising and the recession gets delayed.
Futures Movers: Oil prices suffer 3-day losing streak on demand worries
Oil futures end lower after spending much of the session bouncing between small gains and losses.
Bond Report: 10-year Treasury yield ends at 15-year high after Fed’s July minutes
Long-dated Treasury yields rise for a fifth straight session after the release of minutes from the Federal Reserve’s last meeting.
Beth Pinsker: My mom had a trust, so why do we still need probate to settle her estate?
Your heirs may still need to spend time and money to go to court to settle your affairs, even if you tried to plan ahead.
: ‘Delay as much as you can’: Waiting to claim Social Security can provide the biggest payout.
Timing Social Security can be difficult, but because people are living longer in general, the best strategy is to wait as long as possible, financial advisers said.
Movers & Shakers: Intel and Tower Semiconductor shares fall, Target’s stock gains, and more stocks on the move
Here are some of Wednesday’s notable stock moves.
Market Snapshot: U.S. stocks end lower, Nasdaq loses 1.2%, after Fed minutes show most officials see more rate hikes likely
U.S. stocks finished lower on Wednesday, led by a slump in technology-heavy Nasdaq Composite, after the Federal Reserve’s minutes from its July meeting show most senior officials saw “upside inflation risks” which could lead to more interest-rate hikes.
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