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A previously unloved corner of the U.S. stock market has quietly emerged as one of the top performers on the S&P 500, reshaping Wall Street over the past few months. 

Oil futures extended a rebound off their lowest levels since December 2021 on Thursday as investors assessed the potential hit to output in the wake of Hurricane Francine, but gains were capped by continued worries over the outlook for crude demand.

Key indicators are mixed and market swings are more volatile.

The unwinding of several “Trump trades” grabbed investors’ attention early Wednesday. But by the time Wall Street closed, a fledgling “Harris trade” had also started to take shape.

‘My brother has been living there while my father was alive — and still is. He did not pay any rent or utilities’

General Motors Co. and Hyundai Motor Co. said Thursday they have signed a memorandum of understanding to explore collaboration on vehicles, supply chain and clean-energy technologies in a move aimed at cutting costs and bringing new technology to market faster.

The billionaire Wertheimer brothers and L’Oreal heiress Francoise Bettencourt have invested in Mary-Kate and Ashley Olsen’s fashion brand The Row, in a funding round that values the company at $1 billion

Space-based broadband company AST SpaceMobile launched its first five commercial satellites into space atop a SpaceX Falcon 9 rocket early Thursday.

SocGen’s JunkVIX shows prolonged market distress, according to analyst

Moderna Inc. on Thursday touted progress toward new vaccine approvals but said it will rein in its research and development spending and trim its pipeline as it looks to shake off the doldrums of a dwindling COVID vaccine market. 

Treasury yields inched higher after a U.S. CPI report showed core inflation rose slightly more than expected in August.

Railroad operator Norfolk Southern Corp. fired Chief Executive Alan Shaw on Wednesday, following an investigation into allegations of misconduct.