Articles

This is why investors shrugged off Powell’s ‘reset’ of Fed rate-cut expectations

Investors largely took Federal Reserve Chair Jerome Powell’s comments on the outlook for interest rates in stride on Tuesday — a development that might have come as a surprise to some market watchers.

‘Grand Theft Auto’ maker Take-Two to cut jobs, cancel games in cost-cutting plan

Videogame maker Take-Two Interactive Software Inc. said late Tuesday it will lay off about 5% of its workforce, cancel games and streamline its operations as it aims to save about $165 million a year.

J.B. Hunt sees lower volumes, weaker demand; stock drops 6%

Shares of J.B. Hunt Transport Services Inc. fell 6% in the extended session Tuesday after the transportation company reported drops in its quarterly profit and revenue after weaker demand.

SpaceX clamps down on Starlink users in countries where the constellation isn’t approved, reports say

A growing black market has allowed users to bypass local restrictions on Starlink.

United Airlines stock rallies on profit forecast, helped by corporate travel

Shares of United Airlines Holdings Inc. rallied after hours on Tuesday, after the airline forecast a second-quarter profit that was above expectations, helped by strong demand and a rebound in business travel.

Rents have finally stopped skyrocketing. They’re now stuck at a price most Americans can’t afford.

Rent growth is slowing, but many cost-burdened households see no respite from rising prices.

ETFs that buy bank stocks are under pressure, lagging U.S. equities market

Exchange-traded funds that hold bank stocks were under pressure Tuesday afternoon, lagging the broader U.S. equities market.

AMC’s stock soars 14%, on pace for biggest gain since August

Shares of AMC Entertainment Holdings soared 14.2% Tuesday, putting the stock on pace for its biggest daily percentage gain since Aug. 30, 2023, when it rose 16.68%.

Powell says conditions needed to cut rates likely to take longer to appear

Recent inflation data has not given greater confidence about declining inflation, Fed chair says.

Live Nation’s stock is sinking on a possible antitrust suit — but Wall Street analysts aren’t worried

Analysts believe there is room for the concert-industry giant to make concessions without significantly changing the way it does business.

‘Extremely active’ hurricane season may lead to late-summer surge in gas prices

U.S. gasoline prices at the pump probably aren’t too far from their likely peak this year, but a particularly active Atlantic hurricane season could lead to a late-summer surge in fuels costs, analysts warned Tuesday.

Here’s what the S&P 500’s 50-day moving average is telling us now about stocks

The once-reliable market-timing indicator has lost its predictive power.
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