Articles

‘The manufacturing side of the economy appears to have stalled’ — ISM falls to 3-month low

A key barometer of U.S. factories fell to a three-month as new orders waned, the cost of raw materials rose and businesses were reluctant to invest due to high borrowing costs.

Hedge funds should stop charging fees for ‘skill-less’ returns, top investors say

Hedge funds are collecting ‘significant’ fees on returns that would be ‘easily obtainable’ for free in the current higher interest rate environment

Are European stocks doomed to underperform?

European stocks could rally over the next few years when the current “U.S. equity mania” ends, analysts say.

Best Buy gets double-upgrade at Citi on expectations of sales growth

Analysts at Citi gave electronics retailer Best Buy a rare double-upgrade on Monday, boosting their assessment in anticipation that same-store sales will start rising.

Structure Therapeutics’ stock jumps on weight-loss-pill trial results

Structure Therapeutics’ American depositary receipts gained more than 6% premarket on Monday after the company said its experimental weight-loss pill achieved its aims in a clinical trial.

Nvidia’s stock is responsible for a third of the S&P 500’s gains this year

Alphabet, Microsoft, Meta, Amazon together account for another quarter, according to UBS.

Shares of Faraday Future, SunPower, MicroCloud Hologram and other memes surge, lifted by another meme-stock revival

The latest post from influential trader Keith Gill has lifted shares of original meme stocks GameStop and AMC, as well as other heavily shorted names.

Nio’s stock surges as May deliveries set monthly record

Nio’s stock charged higher Monday after the China-based electric vehicle maker reported a new monthly record for vehicle deliveries. The company has reported delivery increases for three straight months.

Bill Ackman’s Pershing Square sells 10% stake for $1.05 billion to investors

The hedge fund has struck a deal to sell a 10% stake in itself to an consortium of investors following reports it is preparing for a public float

JetBlue offers an improved outlook while saying travel demand remains healthy

JetBlue’s stock rose premarket on the positive guidance.

These alternative ETFs are costly options for your money — in more ways than one

Above-average management fees and overvalued investments are a toxic mix.

The NYSE and Nasdaq have become the hottest clubs in New York. Here’s why.

Sure, they’re about buying and selling stocks, but they’re also about serving up the breakfast bacon — or hosting a pickleball match.
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