Articles

Bill Hwang lost $35 billion in a spectacular trading implosion. Now, prosecutors will try to prove it was a crime.

The hedge fund trader stands accused of misleading banks and manipulating prices through huge, shadowy stock buys, but he argues he did nothing illegal.

Fitch cuts NYCB’s debt rating deeper into junk territory but says outlook remains stable

Analyst cites “weaker earnings and profitability profile in addition to execution risk.”

Applebee’s and IHOP parent Dine Brands suffers rare profit miss as consumers remain price-sensitive

Stock falls premarket as same-restaurant sales for both Applebee’s and IHOP chains fell more than expected.

Oil prices slump after industry data shows rise in U.S. crude inventories

Oil futures traded lower after industry data showed a rise in U.S. crude and product inventories.

Shopify’s stock slides 18% after company swings to quarterly loss

Shopify is expecting its gross margin to shrink by 50 basis points in the second quarter.

Affirm’s upbeat earnings send stock climbing, as company calls out stable credit

Shares of Affirm are powering higher in Wednesday’s premarket action after the buy-now-pay-later company issued upbeat results and guidance.

These are the potential ‘shock’ scenarios around next week’s inflation data, says Goldman Sachs

Next week’s CPI data could “shock” the market in a couple of ways, cautions Goldman Sachs.

Datacenter REIT Digital Realty sells $1.5 billion worth of stock

Shares of Digital Realty Trust were set to drop Wednesday, after the data-center real-estate investment trust announced the sale of roughly $1.5 billion worth of stock.

Uber posts mixed earnings, stock moves lower

Uber beat on an adjusted profit metric while giving an outlook for bookings that was below expectations at the midpoint.

Here’s an investment strategy geared to give you a smooth ride down Wall Street

Why slow and steady really does win the race.

Apple’s walled ecosystem is under pressure in Europe, but the revenue is still flowing

Apple is astutely guarding its proprietary golden goose.

Roth IRA holdings have shot up among young households

Fintech is making it easy to use these accounts
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