The Biden administration will next week propose the toughest yet personal-vehicle emissions rules for model years 2027 through 2032, Bloomberg reports.
Distributed Ledger: After Elon Musk’s Shiba Inu logo switch on Twitter, will memecoins make a comeback?
The latest Distributed Ledger column from MarketWatch: a weekly look at the most important moves and news in crypto.
Earnings Outlook: U.S. oil refiners looking at ‘record’ Q1 profits ahead of peak summer season
U.S. oil refiners are slated to report “record” quarterly profits during a traditionally weak season, analysts at BofA Securities said in a note Thursday, calling it a “golden age of refining.”
Market Extra: Traders see little chance interest rates will end up where Fed thinks in 2023
Concerns that the U.S. might be approaching a recession have traders continuing to expect rate cuts from the Federal Reserve this year.
: FDA pulls preterm-birth drug Makena and its generics from market after 12 years
The drug, which was approved using an accelerated pathway in 2011, showed no clinical benefit in a later trial.
The Ratings Game: Nvidia market share surges with gaming-chip market ‘on the mend’ and boosted by AI, analyst says
Following a flood of new gaming cards this past holiday season into an already crowded market, one analyst believes the gaming card market is “on the mend.”
Washington Watch: Gensler’s meme-stock reforms are meant to help retail traders. Some investor protection advocates aren’t so sure.
The U.S. SEC chief wants retail stock orders to be auctioned off to market makers and exchanges, but questions remain as to the ultimate impact of these reforms.
The Ratings Game: Amazon needs to lay off more employees for ecommerce to become ‘meaningfully profitable,’ analysts say
Even as Amazon sheds thousands of employees, one analyst says the online retailer will need to cut even more to lift up margins in its ecommerce business.
The Ratings Game: Walmart’s big automation push will boost margin performance, analysts say
Walmart has previously wrestled with inventory issues, notably in 2022.
Lawrence G. McMillan: The stock market is pushing back as investors look for a confidence boost
S&P 500 shows stronger support at 3970. A close below 3950 would be bearish, writes Lawrence McMillan.
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