Articles

Nvidia is no longer Wall Street’s favorite stock. This company is.

Late in December, Nvidia Corp. topped a list of favorite stocks among analysts working for brokerage firms. But with the stock continuing to soar this year, running the same screen of the S&P 500 produces a different result, with Nvidia no longer even making the top 20.

Elon Musk’s SpaceX successfully launches third Starship flight test

The uncrewed Starship and Super Heavy Rocket blasted off with the rocket’s 33 Raptor engines from SpaceX’s Starbase facility near Boca Chica, Texas, at 9:25 am Eastern time. Stage separation was completed about three minutes later, amid cheers at SpaceX’s headquarters in Hawthorne, Calif.

U.S. Steel’s stock drops as Biden speaks against buyout by Japan’s Nippon Steel

Stock extends losses after President Biden says it’s ‘vital’ for the business to remain in American hands.

Goldman CEO says banks falling short on keeping women in senior-level roles: report

David Solomon says the long-term success of the storied investment bank relies on promoting women to upper management.

Investors should understand pain to stop themselves from making stupid decisions, Man Group says

Investors should better understand how they experience pain to ensure they’re less likely to make stupid decisions in moments of market panic, a new paper says.

Under Armour shake-up shocks Wall Street as ousted CEO wasn’t given enough time

Under Armour surprised investors late Wednesday with the news that its CEO is departing to be replaced by founder and former CEO Kevin Plank.

Jobless claims dip to 209,00 and still show no sign of rising layoffs

The number of Americans who applied for unemployment benefits last week slipped to 209,000 and continued to signal a strong labor market and low level of layoffs.

Steven Mnuchin says he’s gathering investors to explore TikTok purchase

Steven Mnuchin, who served as treasury secretary in the Trump administration, says he’s putting together a investor group that will try to purchase TikTok.

Oil prices rise after International Energy Agency boosts demand-growth outlook

Oil futures rose Thursday, finding support after the International Energy Agency lifted its forecast for oil-demand growth this year and cut its outlook for supply from countries outside the Organization of the Petroleum Exporting Countries.

Dollar General’s stock jumps after profit beat, surprise same-store sales growth

Dollar General’s stock was headed for their best day in five months on Thursday, after the discount retailer reported a surprise increase in same-store sales for the latest quarter, and profit that beat forecasts.

Reddit’s IPO could open door ‘a little bit more’ for other public offerings in 2024

There’s a “backlog of companies” that are ready to go public.

Dick’s Sporting Goods shares up 4.7% after earnings crush estimates and company offers upbeat guidance

The fourth quarter was the biggest for sales in the history of the company and helped drive gross margin expansion.
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