Articles

Jobless claims subside from 8-month high and signal layoffs are still low

The number of Americans who applied for unemployment benefits last week fell by 10,000 to 222,000 and indicated the U.S. is still experiencing a low level of layoffs.

Nio’s stock gains as J.P. Morgan analyst gives two reasons to stop selling

China-based electric vehicle maker Nio’s stock resumed its rally on Thursday, after J.P. Morgan’s Nick Lai recommended investors stop selling, three months after he had turned bearish.

Record U.S. stock market is not yet overbought, but it’s getting close

According to a closely-watched momentum gauge the rally is not looking over-extended yet. But it may be getting close.

Philly Fed factory gauge cools in May but stays in expansion territory

The Philadelphia Fed said Thursday its gauge of regional business activity fell to 4.5 in May from 15.5 in the prior month. Any reading above zero indicates deteriorating conditions.

Money advice needed a makeover. Inside the rise of the female ‘finfluencer.’

Money gurus have rarely addressed all the ways that factors like culture, race and gender impact our financial habits. These young women built huge online platforms doing it — and proved there’s big business in taking the finger-wagging out of personal finance.

Canada Goose’s stock soars as earnings beat offsets soft guidance

Canada Goose says it will focus on expanding its core product line beyond the parka, and change its approach to marketing by investing in direct-to-consumer operations.

Walmart’s stock jumps toward a record after a grand-slam earnings report

Walmart’s stock rallied into record territory Thursday, after the discount retail giant hit a grand slam with its fiscal first-quarter earnings report, boosted by a big jump in e-commerce sales.

Here’s what Druckenmiller did as he sold Nvidia — it’s a risky bet on an unloved asset

Stanley Druckenmiler’s Duquesne Family Office, Druckenmiller made a bullish bet on small caps in the first quarter. And those stocks have been most unloved.

Deere’s stock slides after agriculture equipment maker again lowers guidance

Deere & Co. Inc.’s stock tumbled 5.5% early Thursday, after the maker of agricultural and construction machinery posted better-than-expected earnings for its fiscal second quarter but offered guidance that fell short of estimates.

Leon Cooperman snaps up stakes in Singapore’s SEA Ltd and Texan outsourcer KBR

The legendary investor sold off his treasuries as he also upped his stakes in alarm system maker ADT Inc, hotel owner Las Vegas Sands Corp, and British football team Manchester United

April CPI data was ‘positive’ after recent disappointments, New York Fed president says

New York Fed President John Williams said April’s inflation data was a “positive” development after a string of disappointments, as he said the overall price trend “looks reasonably good.”

Oil prices pull back as post-CPI relief rally runs out of steam

Oil futures pull back as a bounce inspired in part by a slower U.S. inflation reading loses steam.
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