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Oil prices steady after 3-day losing streak

Oil futures hovered near unchanged Wednesday morning, consolidating as investors awaited official data on U.S. crude inventories after a three-day losing streak that took crude to two-week lows.

Macy’s stock slides 8% after sales fall short of estimates, as consumers are still reluctant to spend

Macy’s Inc.’s stock M fell 8% early Wednesday, after the department-store chain missed sales and same-store sales estimates for its fiscal second quarter and lowered its full-year guidance, citing a still-stressed consumer.

Do you fund a solo 401(k)? Watch out for these 4 tax traps.

The job isn’t finished until the paperwork is done

Chinese e-commerce giants want your business — and U.S. retailers are losing it

U.S. sales by Chinese online platforms could soar to $40 billion in 2024 from $15 billion last year.

Own these stocks if a ‘Powell surprise’ at Jackson Hole shakes the markets

If the Fed cuts rates more than expected or hikes them, these stocks have you covered.

It’s not just stocks — there’s another market climbing to thin air, this banking giant says

The euro has been on a roll even as European data has been underwhelming.

Target’s stock rockets as store traffic grows, discretionary spending picks up

Target’s stock rocketed Wednesday, after the discount retailer reported a triple beat for its fiscal second-quarter and raised its full-year profit outlook, citing “meaningfully” improving trends across discretionary categories.

Mortgage rates fall, but buyer demand drops to 6-month low

Mortgage applications fell 10.1% in the last week, the Mortgage Bankers Association said.

Vector Group’s stock up 6% on deal to be acquired by Japan’s JT Group in $2.4 billion tobacco deal

JT, which makes and sells some of the best-known cigarette brands — including Winston and Camel outside the U.S. — will pay $15 a share in cash, equal to a 29.9% premium over Vector’s 60-day volume-weighted average share price.

This S&P 500 hot streak is actually a warning sign for your stocks

15 consecutive quarters of revenue growth for S&P 500 companies — not enough to support current prices.

U.K. competition watchdog drop probes into Google and Apple app stores

The Competition and Markets Authority said it plans to use new powers given to it in May to address its concerns about abuses of Google and Apple’s dominant market positions

Hedge funds’ early exit from Magnificent Seven stocks helped them navigate summer slump

Hedge funds cut their stakes in the Magnificent Seven in the second quarter, just the tech giants slumped
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