The retailer’s stock surged on better-than-expected results and a robust outlook.
Market Extra: What’s next for stocks after Fed’s Powell triggers market-rattling rate jolt
Federal Reserve Chairman Jerome Powell opens the door to bigger interest rate hikes and a higher peak for rates, sending a shock through markets Tuesday.
Crypto: Grayscale’s bitcoin trust shares jump 9% after ETF hearing
Grayscale Bitcoin Trust, or GBTC’s share price rallied almost 9% Tuesday, after a panel of judges appeared to be skeptical to the U.S. Securities and Exchange Commission’s arguments during an appeals court hearing, as Grayscale continues its push to convert GBTC into an exchange-traded fund.
In One Chart: ‘There’s a light at the end of the tunnel,’ despite high rents and inflation, says this economist
Increased construction spending in the multifamily sector eventually will help help ease the burden of renters and aid the Federal Reserve’s inflation fight, says Jeffrey Roach, chief economist for LPL Financial.
The Ratings Game: Joby Aviation stock knocked down by Deutsche’s call to sell, as ‘important risks’ are being overlooked
Joby Aviation’s stock drops after Deutsche Bank’s Edison Yu cuts his rating to sell, on the belief that “important risks” are being overlooked.
Commodities Corner: EIA expects lowest first-quarter natural-gas consumption in 5 years
The EIA on Tuesday cut its 2023 U.S. natural-gas price forecast and said it expects to see the lowest first-quarter consumption of natural gas in five years.
The Margin: More eye drops recalled, this time over infection concerns from ‘non-sterility’
‘Use of contaminated eye drops can result in the risk of eye infections that could result in blindness,’ the makers of Purely Soothing eye drops said
: Justice Department sues to block JetBlue-Spirit merger
The Justice Department on Tuesday sued to block the merger of JetBlue Airways Corp. and Spirit Airlines Inc.
Brett Arends’s ROI: Here’s a way to save Social Security that doesn’t raise taxes or cut benefits
There is no mystery about why Social Security is in trouble.
: Dish Network’s stock bounces off 14-year low after co-founder buys more shares
Dish Network’s stock surged to lead the S&P 500 gainers after co-founder Jim DeFranco spent nearly $16 million to increase his stake in the company.
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