Mike Wilson, chief U.S. equity strategist at Morgan Stanley, warns stock-market investors against cheering cooler inflation.
The Fed: Fed’s Williams says inflation is slowing and labor market is cooling
There is a trend of slowing inflation and some signs of a gradual cooling in the demand for labor, said New York Fed President John Williams on Wednesday.
TaxWatch: Worried the IRS is going to audit your tax return? If you make less than $400,000, you can probably relax.
The IRS has revealed more specifics on which taxpayers face a higher chance of being audited — and which don’t.
Personal Finance Daily: Study finds U.S. poverty should be considered a ‘major risk factor for death’ and Uber drivers say they’re ‘totally dependent’ on their income, but risk being deactivated at any time
Wednesday’s top personal finance stories.
Market Extra: Former WeWork office building in San Francisco sees value slashed by about 66%
A new appraisal on 25 Taylor St., a converted office building in San Francisco’s theater district that was once a WeWork, cuts its value by about 66%, according to Trepp.
Earnings Results: Tesla stock falls 6% as price cuts hit quarterly profit margins
Tesla Inc. stock falls after the electric-vehicle maker misses quarterly expectations for its revenue and sees adjusted profit margins drop in the quarter.
Earnings Results: Lam Research revenue declines, and that is not expected to change
Lam Research revealed a revenue decline and projected another Wednesday, as the semiconductor industry continues to deal with inventory issues.
Earnings Results: Shares of regional bank Zions fall after deposits drop, profit misses expectations following rebound by peers
Shares of Zions Bancorp. N.A. fell after hours on Wednesday after the regional bank reported first-quarter results that missed expectations.
: AT&T earnings: What to expect
AT&T kicks off earnings season for wireless companies Thursday morning with a report that will show whether subscriber growth has remained robust.
Earnings Results: IBM boasts how AI can improve productivity, pays up to $260 million in ‘stranded costs’ after laying off thousands
IBM shares ticked higher in the extended session Wednesday after Big Blue topped earnings estimates.
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