Articles

Cook says Fed has to move carefully before cutting interest rates

Federal Reserve Gov. Lisa Cook on Monday said the central bank needs to take a “careful approach” in deciding when to cut interest rates, but she gave few clues on the timing or size of any reductions.

GameStop shares on pace for biggest gain in four months ahead of fourth-quarter results

GameStop Corp.’s stock is up 6.8% Monday, putting it on pace for its largest daily percentage increase since Dec.13, 2023, when it gained 9.7%.

Sales of new homes inched down in February

New home sales at 662,000 annual rate in February versus 664,000 in the prior month.

Treasury yields edge higher at start of busy holiday-shortened week

Rates on U.S. government debt drifted slightly higher Monday morning yet remained relatively steady as traders braced for a busy holiday-shortened week.

Disney’s stock has soared this year. Why this new bull says the rally has legs.

Disney is in the midst of a turnaround that could continue driving earnings improvement, according to Barclays.

EV maker Lucid Group rallies on heavy volume after $1 billion investment by majority stockholder

Affiliate of Saudi sovereign wealth fund will buy $1 billion of a new series of convertible preferred stock via private placement.

The stock market is crushing the first quarter. What that may hold for the rest of 2024.

The S&P 500 is wrapping up a historically strong first quarter. How much good news is priced in?

Fisker’s stock tumbles further as talks with carmaker fall through

The EV company had been in talks with a big carmaker about a potential transaction, but that company has terminated negotiations.

Intuitive Machines says Odysseus has ‘permanently faded’ on the moon, but is planning another mission this year

The lunar lander has no chance of waking up on the lunar surface, but Intuitive Machines is preparing another mission to the moon later this year.

Fed’s Goolsbee expects three rate cuts this year

Chicago Fed President Austan Goolsbee said Monday he now expects three quarter-point interest rate cuts this year.

Apple’s stock has faltered, but a Steve Jobs moment in AI may be on the horizon

Apple is perceived to be behind the curve when it comes to AI. But what if CEO Tim Cook is about to stage his big “Steve Jobs” moment?

Vista Outdoor’s stock rises on boosted $3B acquisition offer

MNC ups its take-private price to $37.50 a share from $35 a share.
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