Articles

Manufacturers mired in a slump, ISM finds, and aren’t adding much to the U.S. economy

A key barometer of U.S. factories fell in June for the third month in a row, signaling that an ongoing slump in the industrial side of the economy shows no sign of ending.

Meta is a big AI spender — and that can give its stock a big boost

The Facebook parent’s capital-expenditure budget could total $50 billion next year, according to an analyst.

Maersk shares jump on decision to scrap plans for DB Schenker takeover

The Danish shipping giant’s CEO said Maersk had decided to withdraw from the sales process after identifying challenges with integrating the German logistics company.

This is how much the largest 20 U.S. banks raised dividends after stress tests

Banks increasing payouts the most included Wells Fargo and Bank of New York Mellon.

Pitney Bowes increases cost-savings target to a range of $120 million to $160 million

The savings stem mostly from general corporate cost cuts but do not include potential savings from changes in the global e-commerce segment, where the company is in the final stages of a strategic review.

Is the market peaking? Not yet. But we’re getting closer.  

10 signs that stocks are short of breath.

Forget about your retirement portfolio beating inflation over the next 10 years

Expect stocks to produce a negative-1.9% post-inflation return between now and 2034.

Ryan Cohen makes first X post in months as GameStop seeks app developers

The GameStop CEO’s posts are closely followed for hints about his plans for the company.

Ray Dalio says markets ‘prefer capitalists’ as potential ‘extremist’ clash looms

U.S. voters may be left with a choice between extremists after President Joe Biden’s dismal debate performance, says billionaire investor Ray Dalio.

Buying a home can’t get any worse, right? It can — and probably will.

Lower interest rates spur housing demand — but with supply so tight, prices have nowhere to go but up.

Chewy’s stock skyrockets as Roaring Kitty’s 6.6% stake is disclosed

Keith Gill, also known as Roaring Kitty, was a pivotal figure in the 2021 meme-stock frenzy.

Nio’s stock gains after delivery data, as other electric-vehicle makers rally

Nio’s stock charged higher Monday, as the China-based electric-vehicle maker and its peers reported upbeat EV-delivery data for June and the second quarter.
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