Articles

Fed has the luxury to hold interest rates steady given the strong economy, Mester says

Hotter January inflation data highlights a need for caution, Cleveland Fed President Loretta Mester said Thursday.

February employment report likely to show 198,000 new jobs. Still too much for Fed’s liking.

Here’s what to watch in the February employment report, which will be released Friday.

Cathie Wood sounds warning about Nvidia, whose rally she missed

The famous fund manager says Nvidia needs an explosion of software revenue to avoid a pause in spending on microchips.

State of the Union: You’ll want to pay attention to this part

More drug savings on the horizon could help millions of Americans

Stocks are taking the elevator up and the escalator down, which is very unusual

There is an old saying on Wall Street: stocks take the escalator up and the elevator down. But over the past few years, investors have flipped this tendency on its head.

Micron’s stock gets new buy call as it’s deemed another chip-sector play on AI

Stifel cheers roughly 25% upside as Micron makes a bigger push with high-bandwidth memory and sees DRAM supply tighten.

Big Lots’ stock turns higher as ‘extreme bargains’ set stage for sales to bottom

Shares of Big Lots Inc. rallied Thursday to reverse an earlier sharp loss after the discount home-essentials retailer provided an upbeat gross-margin outlook and said same-store sales may bring an end to the long quarterly streak of declines.

Kroger’s stock surges after profit beat, pursuit of Albertsons buyout continues

Kroger’s stock leaped toward a near two-year high Thursday, after the grocery chain reported quarterly profit and same-store sales that beat expectations, and indicated it was still pursuing its acquisition of Albertsons Companies Inc. despite regulatory pushback.

U.S. unit labor costs revised slightly lower in fourth quarter

Overall productivity unrevised at 3.2% annual rate

BJ’s delivers Q4 earnings beat but guidance impacted by ‘macro-driven uncertainty’

Stock falls early Thursday.

Trade deficit widens 5.1% to $67.4 billion in January, largest in nine months

The U.S. international trade deficit widened 5.1% in January to $67.4 billion, the Commerce Department said Thursday. It is the largest trade gap since last April.

Jobless claims stay at 217,000 in early March. Layoffs still low.

The number of Americans who applied for unemployment benefits last week was unchanged at 217,000, leaving them at very low levels and suggesting little deterioration in a strong U.S. labor market.
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