Articles

Benchmark Treasury yields hug five-week lows ahead of CPI data

Bond yields fell early Wednesday, though moves were muted ahead of inflation data that may impact the Federal Reserve’s policy trajectory.

Child care is now more expensive than rent in all 50 states — ‘There is no escaping it’

The average cost of child care for two children is now greater than the average rent in all 50 states, and greater than the average mortgage payment in 45 states.

Sony shares jump after profit beats estimates, concerns about Paramount bid ease

Sony Group shares rose sharply after quarterly net profit beat analysts’ expectations and concerns eased about its bid for media and entertainment company Paramount Global.

OpenAI co-founder Ilya Sutskever is leaving the company

OpenAI co-founder and chief scientist Ilya Sutskever is leaving the company, months after losing his board seat following an attempt to oust CEO Sam Altman.

Red Lobster may file for bankruptcy by end of May: report

Red Lobster is expected to file for bankruptcy by the end of the month, according to a new report, which came a day after the seafood restaurant chain abruptly closed dozens of locations.

Who is Salim Ramji, the new Vanguard CEO?

Vanguard Group on Tuesday appointed Blackrock Inc. veteran Salim Ramji as its new chief executive, a move that will give the asset-management giant a leader with years of experience in wealth advisory and management who is known for his efforts to expand investing access.

Paramount shares fall on report that Sony is reconsidering its bid

Shares of Paramount Global on Tuesday fell after CNBC reported that Sony is rethinking its bid for the company, the latest twist in the TV and movie producer’s merger drama.

Boot Barn’s stock sinks after it expects continued consumer caution in outlook

Shares of Western-wear retailer Boot Barn Holdings Inc. slid after hours on Tuesday, after the chain forecast sales trends for the fiscal year ahead that were below Wall Street’s expectations amid continuing tepid demand from shoppers.

Take these two simple steps to get wealthier, says finance guru Dan Solin

‘Wealthier’ offers a deceptively simple way to avoid meme-stock distractions and other investing mistakes

Here’s everything we know about Comcast’s new Peacock-Apple-Netflix bundle

The bundle, called “StreamSaver,” will provide the three services “at a vastly reduced price to anything in the market today,” Comcast Chairman and CEO Brian Roberts said at an investor conference.

Nvidia CEO Jensen Huang saw his pay jump 60% last year, topping what rivals made

Nvidia CEO Jensen Huang’s base salary stayed the same last fiscal year — but other sources drove a sharp increase in his total compensation.

Investors are suddenly pickier about stocks near record highs as inflation sticks around

Investors suddenly have gotten more picky in the past month about which segments of the stock market they want to buy, as stubborn aspects of inflation keep getting in the way of Federal Reserve interest-rate cuts.
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