Articles

Market Extra: Why Treasury yields keep rising, causing pain for stock-market investors

Long-dated yields are in a slow-motion breakout toward their highest levels in well over a decade.

: Generative AI will ‘unlock value’ for Walmart shareholders, says CEO

Walmart’s data assets are “unique” says CEO Doug McMillon

Earnings Results: Coach parent Tapestry’s earnings and guidance fall short of consensus, pressuring the stock

Tapestry's stock fell 1% Thursday after the Coach parent company's earnings and guidance came in below consensus.

: CVS, other pharmacy-benefit stocks drop as major health insurer targets ‘broken’ prescription-drug system

Pressure builds on prescription-drug middlemen as Blue Shield of California cuts reliance on CVS Caremark.

Economic Report: U.S. mortgage rates rise to the highest level in 21 years

The 30-year mortgage rate is averaging at 7.09%, Freddie Mac said in its latest weekly survey on Thursday.

Market Extra: Same bank, 2 different stock-market calls. Why internal disagreements rage on Wall Street.

Wall Street strategists and economists working for the same employers are increasingly comfortable offering conflicting views to clients and the media.

: Walmart customers’ household budgets still under pressure, CEO says

Walmart customers are buying more grocery staples and in-home meal options, CEO Doug McMillon said.

: Another challenge for homebuyers: More investors are snapping up homes, and 40% of them are using cash

As mortgage rates surge and rattle home buyers, some investors have stayed more active than ever this summer, CoreLogic says.

The Margin: ‘The Blind Side’ Tuohy family will end their conservatorship for Michael Oher, lawyers say

Oher has filed a petition accusing Sean and Leigh Anne Tuohy of lying to him by having him sign papers that made them his conservators when he was a teenager.

: Loneliness is ‘one of the most serious, misunderstood problems facing America today’

A bill by U.S. Sen. Chris Murphy would create a national strategy to battle loneliness and provide $5 million in funding to better understand the epidemic.

Economic Report: Leading index for economy falls for 16th month in a row — but still no U.S. recession

The leading economic index fell 0.4% in July and declined for the 16th month in a row, but other measures of the economy suggest a recession is far off.

The Ratings Game: Why Cisco’s stock is rising in the face of a downbeat outlook

Cisco expects even more sluggish revenue growth in the year ahead than analysts were expecting, but its stock was still rising in Thursday's action.
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