Articles

New Series I bond rate drops to 4.28%, but your rate could be much less if you bought at the peak

The fixed rate holds at 1.3% on new purchases for the next six months, but the inflation-adjusted rate is slightly lower than six months ago.

Starbucks’ stock sinks 8% following ‘highly challenged’ quarter

Starbucks reported fiscal second-quarter earnings late Tuesday that were wide off the mark.

Lumen’s stock gains after beat on free cash flow

Lumen’s CEO cited “expected headwinds” in the latest quarter’s results but the company maintained its full-year outlook.

Pinterest’s stock soars 23% on big revenue and profit beat, 500 million monthly active users

Pinterest Inc.’s stock soared in extended trading Tuesday following quarterly results and revenue guidance that exceeded Wall Street estimates.

Eight of 11 S&P 500 sectors are headed for their worst month in 2024. Here’s what comes next.

U.S. stocks were on track to close out their worst month of 2024, with eight out of the S&P 500 index’s 11 sectors headed for their biggest monthly percentage decline this year.

Binance founder CZ sentenced to four months in federal prison

Binance founder and ex-CEO Changpeng Zhao was sentenced to four months in federal prison Tuesday for violations of anti-money-laundering laws during his time running the world’s largest cryptocurrency exchange.

Proxy-advisory firm ISS steps into Norfolk Southern’s board battle with activist Ancora

Institutional Shareholder Services has recommended shareholders vote for most of Norfolk Southern’s board nominees, also recommending that shareholders support five of activist Ancora’s nominees.

‘Rearranging deck chairs on the Titanic’? Analysts have questions and doubts after Paramount CEO Bakish’s ouster.

“Sit back, grab your popcorn, and enjoy the rest of the show,” one analyst says.

Why natural-gas prices look set to post their first monthly gain since October

Natural-gas futures have been among the largest commodity gainers in April — on track to post a monthly rise of around 15% as traders bet on a slowdown in U.S. production ahead of the high-demand summer cooling season.

This is the big question markets have for Fed’s Jerome Powell, BlackRock says

The market will be listening closely on Wednesday for messaging from Federal Reserve Chairman Jerome Powell about whether interest-rate hikes may be on the table due to inflation worries.

Cannabis stocks rally after report that DEA will reclassify drug as less dangerous

AdvisorShares Pure U.S. Cannabis ETF jumps 28%.

The ‘Magnificent Seven’ aren’t seven. Or magnificent.

Time and again investors discover a small group of stocks or investments that supposedly can’t fail.
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