Articles

Here are the lobbyists working to keep TikTok on U.S. phones

A House-passed bill, which the Senate looks poised to OK this week, gives the app a year to ditch its Chinese ownership — otherwise it’s banned nationwide.

‘Extraordinary’ U.S. government debt may mean prolonged bond-market volatility

Roughly $27.5 trillion of debt issued by the U.S. Treasury is in the hands of the public, more than twice as much as 10 years ago and over six times as much as 20 years ago. This fact may be one the biggest reasons why bond-market volatility has picked up, according to strategists and traders.

Virgin Galactic skyrockets 18%, stock on pace for biggest gain in 10 months

Shares of Virgin Galactic have rallied after trading down on 13 of the past 17 days.

GE Aerospace’s stock leaps toward a 16-year high after earnings beat forecasts

Shares of GE Aerospace got a boost premarket Tuesday as quarterly profit and revenue — including results before the spinoff of GE Vernova was completed — rose above expectations.

Kimberly-Clark’s stock jumps 5.7% as company sweeps past earnings estimates

Kimberly-Clark Corp.’s stock rose 5.7% early Tuesday, after the parent to consumer brands including Huggies diapers and Scott and Kleenex tissues beat profit and sales estimates for the first quarter.

Elon Musk and SpaceX set to hit rocket milestone with Starlink satellite launch

Elon Musk’s SpaceX is preparing to launch 23 Starlink satellites atop a Falcon 9 rocket from Florida Tuesday in what will be an important milestone for the private space company.

Sales of new homes rebound in March

New-home sales were at a 693,000 annual rate in March, compared with 637,000 in February.

U.S. economy takes a step backward in April, S&P surveys show, as demand weakens

The U.S. economy lost some momentum in April, a pair of S&P surveys found, as businesses experienced a decline in new orders and reduced employment for the first time since the pandemic.

Macro forecasting for stocks can damage a portfolio, says Oaktree’s Howard Marks

Investors who wish to make above market average returns should not rely on macro forecasting because “it can be worse than neutral” and “damaging in its effect” to portfolios, according to Howard Marks.

Bitcoin can restore Swiss neutrality, says activist calling on central bank to invest in cryptocurrency

Crypto activist Yves Bennaïm is seeking 100,000 signatures to trigger a referendum that could amend Switzerland’s constitution and force the country’s central bank to invest in bitcoin

Pulte’s stock rises premarket as home builder cites housing shortage boost

Shares looked to advance after Pulte beat estimates and grew its backlog to $8 billion.

Philip Morris’s stock pulls back premarket as profit beats expectations but outlook misses

Philip Morris’ stock pulled back premarket Tuesday, after the seller of cigarettes and heated tobacco units beat first-quarter profit expectations but provided a downbeat second-quarter outlook.
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