Articles

Biden has canceled $153 billion in student debt. Younger borrowers haven’t felt it.

The White House’s new student-loan-relief plan has the potential to reach more millennial and Gen Z borrowers. Is it enough to convince them Biden is transforming the system?

This chart shows the ‘dangerous’ stock market risk Baby Boomers could be facing

The view that markets always go up over time, is a dangerous one, especially for older investors, says Andrew Adams, strategist at Saut Strategy.

CSX ‘solid and steady’ despite Baltimore bridge collapse, say analysts

CSX Corp. is taking a sales hit of up to $30 million a month following the Baltimore bridge collapse, although analysts still see plenty of positives in the railroad operator’s first-quarter results, which it reported late Wednesday.

Vertex’s stock climbs as non-opioid pain treatment advances

Vertex Pharmaceuticals shares gained ground early Thursday after the company signaled progress in the development of its experimental non-opioid pain treatment.

Infosys’ stock sinks toward longest losing streak in 2 years after revenue miss

Infosys’s stock continued its selloff Thursday toward a 10-month low, after the India-based information-technology consultant reported fiscal fourth-quarter revenue that missed expectations.

Philly Fed factory gauge jumps in April to highest level in two years

Index rises to 15.5 vs forecast of 2.5

Jobless claims flat at 212,000 and still show no sign of rising layoffs

The number of Americans who applied for unemployment benefits last week was unchanged at 212,000, reflecting a surprisingly resilient labor market in which layoffs and unemployment are very low.

Oil prices on track to fall for fourth straight day as demand disappoints

Crude-oil prices continued to soften for a fourth straight day Thursday, with futures falling to their lowest level in three weeks.

The stars may be aligning for a repeat of last August’s stock selloff, warns JPMorgan

Investors dismissed a march higher in bond yields last year. That didn’t turn out so well, says JPMorgan.

Alaska Air’s stock up 1.6% after carrier’s loss is narrower than expected and revenue tops estimates

Alaska Air Group has received $162 million in initial cash comp from Boeing over window blowout

D.R. Horton’s stock rallies as limited home supply boosts profit and sales

D.R. Horton’s stock rallied Thursday, after the home builder reported quarterly earnings that rose well above expectations, as the continued lack of housing supply helped boost sales.

U.S. unemployment would be higher if illegal immigration was properly counted, Goldman Sachs estimates

The unemployment rate would be higher if the full impact of immigration, much of it illegal, was included, according to a new report from Goldman Sachs economists.
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