Articles

U.S. trade deficit hovers near highest level in almost a year

The trade deficit was flat in March at a nearly one-year high, capping off a first quarter in which a bigger shortfall acting as a drag on the official measure of U.S. economic growth.

Apple is set to throw billions more in cash at investors as its stock slumps

Apple is expected to boost its buyback program by another $90 billion this year, while also upping its dividend.

Potential failure of NYCB is ‘squarely off the table (for the time being),’ analyst says

New York Community Bancorp.’s new management team “has the pedigree needed to move the bank in the right direction,” according to a Citi analyst.

U.S. productivity slumps in first quarter

Unit labor costs soar by most in a year

Jobless claims inch up to 208,000. Layoffs still extremely low.

The number of Americans who applied for unemployment benefits last week barely rose to 208,000, indicating that layoffs remain at extremely low levels associated with a sound economy.

Wrangler parent Kontoor’s stock jumps toward a 3-year high after earnings beat

Revenue fell for both Wrangler and Lee jeans brands, mostly because of retailers reducing inventory.

ConocoPhillips’s production narrowly beats analyst estimate, but profit falls slightly short

Shares ticked up premarket as the company says it plans to return $9 billion to shareholders through dividends and stock buybacks in 2024.

Cardinal Health’s stock falls on mixed quarterly results

Cardinal Health’s shares fell premarket Thursday after the company reported mixed quarterly results but raised its full-year profit outlook.

Corporate insiders are on a buyers’ strike — signaling more downward pressure on stocks

Executives in the know aren’t biting at discounted share prices.

Peloton replaces CEO after 90% stock slide during his tenure, plans more layoffs

Barry McCarthy is stepping down as Peloton’s CEO, the connected-fitness company announced on Thursday morning.

Highly ranked manager who bet on Mag 7 giants looks to these second-order winners from AI

The MainStay Winslow Large Cap Growth fund owes a lot of its returns to Big Tech. Co-portfolio manager Justin Kelly is hot on the hunt for new winners. Here are some ideas.

With more of us living longer, traditional retirement plans just won’t cut it

Whatever your age, you need to invest more in your future to ensure you age well.
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