Articles

Bank of America’s ‘strong capital, deposits and credit’ draw praise at KBW

Analyst David Konrad raises Bank of America rating to outperform from market perform.

How Adobe quieted the doubters to send its stock cruising after earnings

The stock could clinch its largest single-day percentage gain in four years upon Creative Cloud momentum that helped silence concerns about AI threats.

Israeli 3-D printing company Xjet pulls its planned IPO

The company was planning to raise $6 million at a $77 million market cap. Proceeds of the deal were to be used for working capital, but also to fund acquisitions of new businesses or technology.

Oil prices on track for weekly gains, rebounding from post-OPEC+-decision slide

Oil futures were little changed early Friday, remaining on track for solid weekly gains that have more than erased the tumble seen after OPEC+ on June 2 announced a plan to begin phasing in the return of around 2.2 million barrels a day of crude later this year.

The latest unemployment report has triggered this spot-on recession indicator

‘Schannep Recession Indicator’ signal typically precedes the start of an economic downturn by about six weeks.

GameStop’s stock pares back gains as Roaring Kitty grows stake

Influential trader Keith Gill, also known as “Roaring Kitty” has grown his stake in video game retailer and original meme stock GameStop.

Investors have never withdrawn from S&P 500 funds like they did last week

S&P 500 index funds saw the biggest outflows on record last week, according to data from Lipper’s global fund flows.

When stock markets are a mess, this asset is a great guide to risk appetite

There’s a handy tool for gauging underlying sentiment in a messy, volatile stock market.

The S&P 500 would be nearly 20% lower without AI mania, says Bespoke

How much has AI contributed to stock market gains? The market could be 20% worse off without it, says Bespoke.

Treasury yields continue to fall on rate-cut hopes

U.S. bond yields continued to fall on Friday as investors became more optimistic that the Federal Reserve will cut interest rates later this year.

Wells Fargo’s fires staff for faking keyboard activity

The bank fired more than a dozen staff following a ‘review of allegations involving simulation of keyboard activity creating impression of active work’

‘I am paralyzed’: I have $68,000 in credit-card debt. I have a $250,000 mortgage and earn $55,000. How can I dig myself out of this trap?

“This is all so stressful — and it’s all I think about.”
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