Articles

Petco’s stock rises 3.5% after sales beat as CEO Ron Coughlin steps down

Petco’s better-than-expected sales come as it posts another loss amid weak demand and over-capacity.

Elon Musk’s SpaceX prepares third Spaceship flight test

SpaceX’s third Spaceship flight test could come as soon as Thursday, pending regulatory approval, says the private space company.

This basket of global stocks from Goldman Sachs has nearly kept pace with the Magnificent Seven while excluding tech

U.S. stocks have dominated the international markets landscape for more than 50 years, and that’s unlikely to change any time soon. But they have become more pricey lately, prompting some investors to consider bargain-hunting abroad.

‘It’s just a fantasy’: Citadel CEO Ken Griffin says AI will not replace human fund managers

The billionaire hedge fund manager said LLMs are unlikely to drive a “sea change of productivity gains” in the near future.

Oil prices lifted after industry data shows drop in U.S. crude inventories

Oil futures move higher ahead of official data on U.S. crude inventories.

Inditex to launch Zara resale platform in U.S. as profit surges

Spanish retailing conglomerate Inditex on Wednesday said it will launch its Zara resale platform in the U.S. after a year of strong profit growth.

Shell considers slowing its ambitious net-zero push: report

The Anglo-Dutch oil major has focused on investor returns over climate initiatives under new CEO Wael Sawan who took control in January 2023

GE Healthcare leads early S&P 500 decliners after pricing offering of 14 million shares

GE Healthcare increased its secondary offering, sending shares down premarket.

Top rated manager flags three overlooked small stocks, including an under-the-radar AI play

Mick Rasmussen, fund manager at a gold medalist ranked fund, talks about an AI play no one is looking and other stocks.

Can a ‘nudge’ reduce credit-card debt?

New experiment finds progress more elusive than expected

Treasury yields little changed after inflation data barely shifts rate cut hopes

Benchmark bond yields are barely budging early Wednesday as traders bet that slightly hotter-than-expected inflation data doesn’t rule out a rate cut in June.

Adidas says it plans to sell its remaining Yeezy inventory at cost

Sportswear maker Adidas on Wednesday said it plans to sell its remaining Yeezy inventory at cost, as it forecasts a near doubling of its operating profit this year.
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