Articles

Palo Alto Networks’ stock falls after earnings as forecast fails to impress

The stock was down about 10% in after-hours action Monday. It lost 28% in the session after the last earnings report.

Rudy Giuliani and George Clooney have at least this one thing in common

Giuliani has entered the celebrity branding world with Rudy Coffee. Here’s what branding experts say about its chances to succeed.

Wall Street strategists rush to revise their S&P 500 targets as stocks hit fresh records. Here’s what they see happening.

The stock market’s renewed record-setting rally has blindsided Wall Street’s top strategists, prompting many to swiftly revise their year-end S&P 500 targets in an effort to keep pace with a surge that has far exceeded expectations from earlier this year.

JPMorgan’s Jamie Dimon suggests he may retire early

JPMorgan Chase & Co.’s Jamie Dimon on Monday implied that he may retire earlier than planned as the bank’s chief executive.

Fed’s Mester says forecast of 3 rate cuts this year is now probably too many

“I was on the record before saying I was at the median [forecast] which was three,” Loretta Mester said Monday. “The developments I’ve seen in the economy right now, I would not think that that’s still appropriate.”

How Ivan Boesky became one of the most infamous figures on Wall Street and the inspiration for Gordon Gekko

Ivan Boesky’s 1986 guilty plea to insider trading, accompanied by a then-record $100 million fine, brought to a close a period of roaring 1980s exorbitance on Wall Street and beyond that became the calling card of the so-called Me Generation.

Target lowers food prices as many shoppers go into grocery debt

“Consumers are feeling pressured,” the big-box retailer acknowledged while lowering prices on 5,000 items.

Fed likely to keep a $6.8 trillion balance sheet by December, says Barclays

Another lasting facet of the pandemic looks to be a very large Federal Reserve balance sheet.

Global stocks hit record highs as more countries join in the rally

More global stocks are joining in the rally, and that’s a good thing — especially for U.S. markets.

Surging shipping costs could complicate Fed’s inflation fight

While supply shortages have eased greatly in the past few years, they have not entirely gone away.

Who pays for long-term care?

People are confused and overestimate Medicare’s role in paying for long-term care

Micron’s stock rises as Morgan Stanley admits its bearish stance ‘was a mistake’

An analyst said he failed to properly appreciate how high-bandwidth memory would drive stock momentum.
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