Articles

Price of engineered-wood siding soars 38%, fueling earnings beat for LP Building

LP Building’s stock took flight Wednesday toward a fresh record close, after the wood building products maker beat first-quarter earnings expectations and raised its full-year outlook.

Apple’s AI future can be summed up with a big question mark

How will ‘Apple Intelligence’ differ from Google, Amazon and other rivals?

Credit scores got ‘artificially higher’ during COVID. Now many borrowers can’t pay their debts.

Pandemic-era policies appear to have produced “artificially higher” consumer credit scores, according to Columbia Threadneedle.

Stock-market crash fears are fading, according to options traders

As U.S. stocks have rebound from last month’s selloff, options traders aren’t buying as many contracts that would pay off if the market were to crash.

Wells Fargo names JPM veteran as corporate and investment bank co-CEO in bulk-up

Fernando Rivas is joining the bank as it staffs up its investment-banking practice.

Jackpot! Slot-machine gamblers could keep more of their winnings from IRS scrutiny under proposed rule

Gamblers who play slot machines may soon be able to win more money before the Internal Revenue Service takes notice — and it could be the recent stretch of hot inflation that melts away some longstanding rules around gambling and taxes.

If the economic outlook is so good, why are people tapping their 401(k)s?

Bank of America has suddenly reported a sharp jump in the size of loans and hardship withdrawals from its 401(k) plans

Two more reasons for Victoria’s Secret’s troubles? Kim Kardashian and Rihanna, analyst suggests.

Analysts are worried about Victoria’s Secret losing market share — potentially to brands from celebrities like Kim Kardashian and Rihanna — and cutting prices in an effort to spur demand.

Stock-market bulls shouldn’t fear a long Fed pause before interest-rate cuts

History shows the S&P 500 tends to do well when the Federal Reserve leaves rates on hold.

Why coffee futures may have already hit their peak for the year

Coffee futures rallied last month, with the benchmark robusta variety climbing to a record and prices for arabica at their highest since 2022. But analysts suggest that prices for both have topped out for the year as weather conditions in Vietnam look to improve.

The real reason why Wall Street’s ‘fear gauge’ seems so low right now

Forget the conspiracy theories about the Vix being ‘broken’. The real reason why the index is so low is because that’s exactly where stocks put it.

Boeing’s Starliner launch pushed back to May 17 for first crewed mission

The historic first crewed launch of Boeing Co.’s Starliner spacecraft will take place no earlier than May 17, after Monday’s launch attempt was scrubbed two hours before takeoff.
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