Articles

Hindenburg says it may break even on report that knocked $153 billion off Adani

The short-seller hit back at allegations made by India’s markets regulator that it generated hundreds of millions from shorting the Indian conglomerate

Powell says inflation is showing signs of resuming cooling trend

Federal Reserve Chair Jerome Powell said Tuesday that inflation seems to be returning to the downward path that was seen late last year but that it was too soon for the central bank to make a move on interest rates.

Job openings rebound and show labor market is still pretty warm

The number of job openings in the U.S. rebounded in May after falling to a more than three-year low, indicating there’s still plenty of demand for labor.

Cannabis companies to appeal federal commerce clause lawsuit

Lawyer for plaintiffs said lawsuit is headed toward federal appeals court or possibly the U.S. Supreme Court.

Advice from a ‘nervous and jumpy’ Wall Street bull as second half gets under way

RBC Capital’s Lori Calvasina joins other Wall Street banks in lifting her S&P 500 target, but says she’s plenty jittering about where markets go from here.

Roaring Kitty cements Chewy’s meme-stock status, despite company’s improving fundamentals

Influential trader Keith Gill, also known as Roaring Kitty, has taken a 6.6% stake in Chewy, thrusting the online pet-products retailer into the meme-stock spotlight.

10-year yields have ‘little to no’ downside — which means stocks can’t climb much from here, strategist says

Yields on the benchmark 10-year Treasury have little room to fall, which will cap valuations on U.S. equities from already elevated valuations, says a market strategist.

Barry Diller joins the battle for control of Paramount after talks with Skydance are scrapped: Report

Paramount Global’s stock rose 3.1% early Tuesday, after a report that billionaire Barry Diller’s IAC is exploring a bid for Paramount, after talks between the parent of CBS and Nickelodeon and David Ellison’s Skydance Media fell apart in June.

Tesla’s stock set to snap win streak as investors brace for deliveries data

Tesla’s stock was headed lower on Tuesday for the first time in over a week, as investors expressed some concern over what the electric-vehicle giant will say about second-quarter deliveries.

Siemens Energy to hire 10,000 new staff in $1.3 billion push to boost grid unit

Siemens Energy is planning expand its manufacturing capacity worldwide in order to meet growing demand for electricity infrastructure equipment

Why CrowdStrike’s stock just got downgraded after a monster rally

CrowdStrike’s enterprise-value-to-sales ratio is the highest among large software stocks that Piper Sandler tracks.

Alibaba is buying back more and more stock as prices extend selloff

Alibaba disclosed Tuesday that it continued to increase stock repurchases as prices struggled to gain traction.
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