Articles

Pending home sales plunge to lowest level in four years as buyers steer clear of 7% mortgage rates

The housing market is facing a double whammy in the form of higher mortgage rates and a scarcity of homes for sale.

Kohl’s stock drops sharply as it swings to an unexpected loss and issues 2024 profit warning

Kohl’s stock could see its largest-ever one-day drop Thursday.

Why UiPath shares are cratering toward their worst day on record

The automation-software company’s earnings packed a triple whammy of customer pressures, leadership shakeup and sales tweaks.

Dollar General’s triple-play earnings beat was fueled by strong traffic growth

Dollar General’s stock marched higher Thursday after the discount retailer reported fiscal first-quarter profit, net sales and same-store sales that all beat expectations, again, as more people visited stores.

U.S. April trade gap in goods widens to largest deficit in almost two years

The U.S. trade deficit in goods widened 7.7% to $99.4 billion in April, according to the Commerce Department’s advanced estimate released Thursday. That’s the widest deficit since June 2022.

Moderna’s stock climbs on report that bird-flu vaccine funding is near

Moderna shares climbed 2.4% premarket on Thursday after a report that the U.S. government is near a deal to fund a late-stage trial of the drugmaker’s experimental mRNA bird-flu vaccine.

GDP shows U.S. economy grew just 1.3% in the first quarter as consumer spending slowed

The U.S. economy grew at a slower 1.3% annual pace in the first three months of the year, revised government figures show, largely because of softer consumer spending.

Jobless claims rise slightly to 219,000 in latest week

Four-week average of claims is highest since September

These tips for investing in mutual funds and ETFs can give your portfolio a boost

Time in the market — not market timing — creates long-term wealth

‘Hindenburg Omen’ sounds scary for the stock market. It’s more complicated.

The ‘Hindenburg Omen’ certainly sounds ominous. Here’s what stock-market investors need to know.

Foot Locker’s stock soars as lower costs fueled a big profit beat

Foot Locker’s stock was headed sharply higher Thursday, after the athletic shoe and accessories retailer reported fiscal first-quarter profit that beat expectations by a wide margin, while sales fell a bit short.

The 5 states where homes face the biggest risk of hurricane damage — and how much it costs a homeowner to repair it

U.S. homeowners gear up for another record year of hurricanes. CoreLogic expects nearly 33 million homes to be at risk of damage.
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