Articles

Charles Schwab names ex-Citi exec as next CFO after exit of three top managers

Upper-echelon managers to step down after four-year effort to complete Ameritrade integration.

Import prices post biggest increase in two years and add to U.S. inflation pressures

The cost of imported goods rose in April for the fourth month in a row and increased at the fastest pace in two years, reflecting the persistence of elevated U.S. inflation.

Roche ramps up obesity-drug competition with early-stage trial results

The race to develop powerful new weight-loss drugs grew even more heated on Thursday as Roche Holding released early-stage trial results for an experimental obesity treatment.

Housing starts rebound in April as U.S. continues to grapple with inventory shortage

Construction on new U.S. homes rose 5.7% in April, the Commerce Department said Thursday.

Under Armour’s stock slides on profit warning in ‘challenging’ environment

Athletic-apparel company Under Armour said it would fall short of analyst estimates for its fiscal 2025 profit amid a “challenging” retail environment.

Jobless claims subside from 8-month high and signal layoffs are still low

The number of Americans who applied for unemployment benefits last week fell by 10,000 to 222,000 and indicated the U.S. is still experiencing a low level of layoffs.

Nio’s stock gains as J.P. Morgan analyst gives two reasons to stop selling

China-based electric vehicle maker Nio’s stock resumed its rally on Thursday, after J.P. Morgan’s Nick Lai recommended investors stop selling, three months after he had turned bearish.

Record U.S. stock market is not yet overbought, but it’s getting close

According to a closely-watched momentum gauge the rally is not looking over-extended yet. But it may be getting close.

Philly Fed factory gauge cools in May but stays in expansion territory

The Philadelphia Fed said Thursday its gauge of regional business activity fell to 4.5 in May from 15.5 in the prior month. Any reading above zero indicates deteriorating conditions.

Money advice needed a makeover. Inside the rise of the female ‘finfluencer.’

Money gurus have rarely addressed all the ways that factors like culture, race and gender impact our financial habits. These young women built huge online platforms doing it — and proved there’s big business in taking the finger-wagging out of personal finance.

Canada Goose’s stock soars as earnings beat offsets soft guidance

Canada Goose says it will focus on expanding its core product line beyond the parka, and change its approach to marketing by investing in direct-to-consumer operations.

Walmart’s stock jumps toward a record after a grand-slam earnings report

Walmart’s stock rallied into record territory Thursday, after the discount retail giant hit a grand slam with its fiscal first-quarter earnings report, boosted by a big jump in e-commerce sales.
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