Articles

: AMC stock slides 9.9%, while APEs rise

AMC’s stock fell 10% Thursday, while AMC’s Preferred Equity units rose 8.8%.

The Ratings Game: Avis’s stock gets ratings upgrade as demand for travel continues

Avis has a history of extracting higher revenues as well as lower costs and higher margins than competitor Hertz, Morgan Stanley analysts say.

Washington Watch: U.S. companies told to adapt as Washington fights against forced labor in China: ‘It’s going to be a very different environment’

CPB seized Chinese imports last year under a forced labor law, but officials say some companies are evading regulations.

The Ratings Game: A known Tesla bull is the latest analyst to turn cautious on Tesla stock

A known Tesla bull acted on valuation and the likelihood that the EV maker will continue on a path of lower prices amid increased competition.

Crypto Update: Bitcoin tops $30,000 for first time since April. Here’s why it’s shaking off a regulatory crackdown.

Bitcoin was undaunted by a U.S. regulatory crackdown on the crypto industry, briefly rising Thursday above the $30,000 threshold for the first time since April.

Market Extra: San Francisco landlords borrowed $9 billion from Wall Street. Now they want big tax relief from a struggling city.

Requests for property tax relief are climbing in San Francisco as commercial property values drop in a city facing a ballooning budget shortfall, according to Barclays.

Earnings Results: KB Home’s stock falls from 16-year high despite blowout earnings and bright outlook

KB Home's strong results and upbeat outlook pleased Wall Street analysts, but the home builder's stock pulled back from a 16-year high.

Banking: FDIC studying plan to include smaller U.S. banks in Basel III capital requirements after failures in early 2023

FDIC Chairman Martin Gruenberg pushes back on claims that new capital requirements will cause U.S. banks to tighten lending activities.

: iRobot’s stock slides 9% amid concerns Amazon’s takeover will be stymied by FTC

iRobot's stock slides in heavy volume after the FTC files suit against Amazon for abusing Prime customers.

: Boeing’s stock drops as supplier Spirit AeroSystems shuts down factory operations due to strike

Boeing Co.'s stock fell 3% on Thursday after major supplier Spirit AeroSystems suspended operations following a strike vote. Shares of Spirit dropped 11%.

Futures Movers: U.S. oil price slumps back below $70 a barrel on global rate hikes, rise in product inventories

Oil futures pull back, with traders unable to shake worries about global economic growth as central banks tighten monetary policy.

The Fed: Powell says he sees path where inflation cools without significant job losses

Fed Chair Jerome Powell on Thursday said it is possible that inflation can fall without significant job losses
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