Articles

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.

Happy birthday, Social Security. Let’s not rush to blow out your candles.

Most American retirees wouldn’t be able to replace Social Security on their own.

Mortgage rates fall for a second week in a row — and refinances soar 117%

Mortgage applications rose 16.8% in the last week, the Mortgage Bankers Association said.

Wells Fargo strategist says investors may face 1995 rerun once Fed cuts rates

1995 was a period when the Fed embarked on a rate-cut cycle that may have parallels to what the markets are expecting for September.

Large money managers have to disclose their investments. Here’s how to find them.

13-F filings allow anyone to see into the portfolios of the largest institutional investment managers — but you should take them with a grain of salt.

Seth Klarman’s Baupost Group cuts stake in Alphabet and snaps up Humana

The Boston hedge fund, which manages $4 billion in assets, cut its stake in the Google owner following a slump in its share price

‘Not tipping 20% makes you look like a fascist’: Why has tipping, once branded as ‘un-American’ and ‘anti-democratic,’ become such a hot political issue?

Tipped workers only comprise 2.5% of the workforce.

Norway sovereign wealth fund credits AI investments with first-half gain

Norway’s sovereign wealth fund touted its investments in the picks and shovels of the artificial-intelligence revolution as its first-half performance virtually matched its benchmark.
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