Articles

Pending home sales see unexpected jump in March, despite rising mortgage rates

U.S. pending home sales rose 3.4% in March from the previous month, the National Association of Realtors said on Thursday.

As ketamine therapy booms, industry insiders worry about patient safety

Ketamine has become a popular alternative treatment for depression and other mental-health ailments — but doctors and regulators are increasingly concerned about its risks.

Why Microsoft’s earnings are all about ‘surviving and advancing’

Big AI gains could be ahead for Microsoft, but Thursday afternoon’s earnings may illustrate a more gradual ramp.

U.S. trade deficit in goods widens in March to highest level in almost a year

The U.S. trade deficit in goods widened 1.7% to $91.8 billion in March, according to the Commerce Department’s advanced estimate released Thursday.

Monster Beverage cut to sell because it’s ‘no longer…a high growth story’

Analyst Bill Chappell says Wall Street is ‘overoptimistic’ about energy drink maker’s gross margin recovery

Hertz to sell 10,000 more EVs than planned and swings to a large loss

Hertz’s stock resumed its selloff on Thursday, after the rental car company reported a much wider-than-expected first-quarter loss, and significantly expanded its plan to sell off its electric vehicles.

Deutsche Bank expects fewer U.S. commercial real estate provisions in second half

Deutsche Bank, one of the banks most exposed to U.S. commercial real estate, reported elevated levels of credit-loss provisions for a second straight quarter but said they will start to gradually decline.

U.S. weekly jobless claims drop to lowest level since February

Initial jobless claims fell by 5,000 to 207,000 in the week ended April 20, the Labor Department said Thursday.

Oil prices hold steady as traders weigh U.S. demand concerns

Oil prices remained unchanged on Thursday early morning, with Brent crude near $87 per barrel after settling lower the previous day as U.S. data showed a drop in weekly demand for gasoline.

Harley-Davidson posts stronger-than-expected profit, but shares cool

Motorcycle icon says total sales fell.

American Airlines’ stock jumps after an upbeat profit outlook and record revenue

American Airlines’ stock climbed Thursday, after the air carrier reported a wider-than-expected loss but provided an upbeat profit outlook for the current quarter, as revenue rose to record levels

Bristol Myers Squibb shares fall amid sluggish sales of some newer drugs

Bristol Myers Squibb shares fell early Thursday after the company reported better-than-expected first-quarter results but said it would cut about 2,200 jobs this year.
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