Articles

The growth of the U.S. economy in the fourth quarter was downgraded slightly to a 3.2% annual pace, reflecting somewhat slower buildup of inventories or unsold goods.

Bernstein is taking the forecast for dramatic gross-margin improvement “with a grain of salt” in light of this year’s performance.

Post Content

Softbank-backed E-commerce company’s stock up by 9% after it reports a 23% revenue jump.

Shares in St. James Place, the wealth manager that was partly founded by Jacob Rothschild, fell as much as 34% on Wednesday after taking a £426 million ($539 million) provision for potential client refunds as it slashed its dividend.

The Framingham, Mass.-based company also said it expects to increase its dividend by 13% and buy back $2.0 billion to $2.5 billion of stock in fiscal 2025.

Car parts maker is in the midst of a turnaround that includes asset sales and cost cuts

For all the talk about the Magnificent Seven and the ultra-reliance of just a handful of companies to drive stock-market returns, it turns out the U.S. is in fact one of the least concentrated markets in the world.

Mortgage applications fell 5.6% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.04%.

The Biden administration is pushing a new rule it says will protect retiring employees, but not everyone agrees.

Oil futures fall as traders await official data on crude inventories.

Post Content