U.S. bank shares are down at least 20% since March, but likely have further to fall before investors need to worry about the U.S. economy, says Oxford Economics.
Lawrence G. McMillan: Stocks are trying to break out of a trading range but resistance is too strong
Earnings had boosted the S&P 500, but the focus now is on interest rates and inflation and that’s bearish.
: AMD stock jumps on report of Microsoft AI chip partnership
AMD shares rallied more than 10% at times Thursday following a report that indicated the chip maker was working with Microsoft Corp. on AI chips.
In One Chart: Fed ‘policy mistake’? Why a tumbling 2-year Treasury yield is spooking investors
A fall in the 2-year Treasury yield following Wednesday’s rate hike signals the Federal Reserve may have made a big policy mistake, says a top Wall Street analyst.
IPO Report: Kenvue stock cheered in Wall Street debut, as Tylenol and Band-Aid brand parent is valued at $48 billion
Kenvue’s stock was cheered in its Wall Street debut Thursday, as the J&J spinoff saw its stock open 16.0% above where the initial public offering was priced.
: First Horizon CEO says the bank ‘never assumed regulatory approval was a given’ in scuttled TD merger
First Horizon CEO Bryan Jordan says it has been business as usual for his bank, as it worked on a merger with TD Bank that has now been pulled.
: Kamala Harris tells Google, Microsoft chiefs they’re responsible for safety of AI products
The president has warned companies have a responsibility to ensure AI products are safe before they’re released.
: Icahn Enterprises’ stock choppy as company moves earnings release to next week
Trading in shares of Icahn Enterprises was choppy Thursday amid continued fallout from a short seller’s report.
: Fed raised interest rates again, but could pause hikes. Will mortgage rates stay above 6% much longer?
Economists give their predictions after the Federal Reserve hiked rates by a quarter point.
Key Words: Want to fight poverty? ‘Take a hard look’ at your own tax breaks, Princeton sociologist says.
“Don’t we benefit when our savings go up and up, even when that comes at the cost of a human sacrifice?” says Matthew Desmond, a leading poverty scholar.
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