Articles

Tortured economists department: Taylor Swift again surprises those who underestimate her impact

Taylor Swift continues to confound Wall Street as demand for her concerts swing economic data around.

2-year Treasury yield moves higher as traders see lower chance of half-point Fed rate cut next month

The policy-sensitive 2-year Treasury yield inched up Wednesday morning, after July’s consumer-price index mostly met expectations and traders saw a reduced likelihood of a larger-than-usual rate cut from the Federal Reserve next month.

Social Security’s COLA seen as shrinking in 2025 to 2.6%

The average COLA over the last 20 years has been about 2.6%, according to the Senior Citizens League.

Chipotle’s stock sold off on CEO exit, but this analyst says it’s time to buy

Wedbush upgraded Chipotle shares, saying the company “remains in very good hands.”

Chili’s parent Brinker’s stock tumbles after a profit-target miss and downbeat outlook

Chili’s same-store sales rose more than expected, helped by price increases and increased traffic

Performance Food Group’s stock pops after announcing profit beat and latest deal

Performance Food Group Co.’s stock jumped 36% early Wednesday, after the food and foodservice distribution company anounced its latest acquisition and posted better-than -expected fiscal fourth-quarter profit.

Victoria’s Secret stock rallies as it names new chief executive from Rihanna’s Savage X Fenty

Apparel maker also hikes Q2 adjusted earnings target

Oil prices edge lower as investors await inventories data, monitor Middle East

Oil futures edged lower early Wednesday as investors awaited official data on U.S. crude and product inventories after data industry data showed declines.

Kellanova stock climbs as Mars acquires Pringles maker for nearly $36 billion

Shares of Kellanova are up 8% in premarket trades after Mars announced its acquisition of the Pringles maker.

Cardinal Health’s stock jumps 9% after earnings beat and raised guidance

Cardinal Health Inc.’s stock rose 9% early Wednesday, after the drug distributor and medical products maker beat estimates for its fiscal fourth quarter and raised its guidance.

Some hedge funds thought AI would help them beat the market. Then things got real.

The Eurekahedge AI Hedge Fund Index has lagged the S&P 500, proving that the machines aren’t learning from their investing mistakes.

How Gen AI could trigger the next CrowdStrike catastrophe

Left unguarded, artificial intelligence can spread misinformation and enable attackers to commit new crimes. Cybersecurity needs an upgrade.
1 1,100 1,101 1,102 1,103 1,104 2,544