Articles

The feds are scrutinizing credit-card rewards. That could help frequent fliers get more out of their miles.

The Department of Transportation and the Consumer Financial Protection Bureau are exploring possible regulation of the credit-card rewards system and the frequent-flier programs linked to them, officials said at a joint hearing held by the DOT and CFPB on Thursday.

Norfolk Southern shares down 3.2% after shareholders’ split decision in board battle

Shares of Norfolk Southern Corp. are down 3.2% Thursday after a preliminary count of shareholder votes indicated a split decision in the keenly-fought battle for control of the company’s board.

Mortgage rates inch down but stay over 7%, with home-buying sentiment at a record low

The 30-year mortgage rate is averaging 7.09% Freddie Mac said in its latest weekly survey on Thursday.

Cronos’s stock leaps as strong cannabis-flower sales lead to record revenue

Shares of Cronos Group Inc. traded sharply higher Thursday after the cannabis company, citing strength in flower sales, reported first-quarter revenue that rose to a record and beat expectations.

Americans may be living longer — but they don’t expect to keep working

COVID-19’s impact on retirement expectations could affect the labor market in years to come, the New York Fed says.

Oil futures extend rise seen after drop in U.S. crude inventories

Oil futures traded higher Thursday, building on a bounce seen after data the previous session showed a drop in crude inventories.

Recession-wary investors are watching gasoline demand for clues to consumer health

Investors are monitoring gasoline demand as they fret about the toll inflation is taking on consumers.

Nvidia, Micron and Super Micro among companies that shine in Wall Street’s ‘beat-and-raise’ game

Investors should look at the numbers behind rising share prices.

Roblox’s stock tumbles after a big revenue miss, engagement weakness

Roblox Corp.’s stock tumbled Thursday after the online gaming company reported first-quarter revenue that was well below expectations and provided a downbeat current-quarter outlook.

Coach, Kate Spade parent reports revenue miss amid weakness in North America

Tapestry’s stock dropped toward a four-month low in premarket trading Thursday, after the fashion company reported fiscal third-quarter revenue that fell short of expectations, with the Coach brand’s in-line sales offset by misses by Kate Spade and Stuart Weitzman.

FTSE 100 hits fresh record as Bank of England signals summer rate cut

The prospect of lower borrowing costs helped push U.K. stocks to a fresh record high on Thursday.

Warner Bros. Discovery’s stock falls as earnings reflect traditional-media woes

Traditional media businesses have had a tough time even as they navigate a march into the streaming era, and WBD’s earnings could be the latest example of that.
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