Articles

The Ratings Game: Roku’s rocketing stock might be due for a cooldown, Citi warns

Roku is poised to drive accelerating revenue growth — but that may not be reason enough to buy its stock.

The Tell: ‘We are short in size’: Bill Ackman bets against 30-year Treasury bonds after Fitch downgrade

Pershing Square Capital Management founder Bill Ackman said late Tuesday that his firm has taken out a large short position against the 30-year Treasury bond.

Economic Report: U.S. productivity rallies in the spring, expands at 3.7% pace

The productivity of American workers and companies rebounded in the second quarter and grew at a 3.7% annual pace.

Banking: First Citizens BancShares Q2 profit boosted by addition of Silicon Valley Bank

First Citizens BancShares Inc. stock was up 2.4% on Thursday after the Raleigh, N.C.-based lender's profit nearly tripled, beating Wall Street expectations, with a boost from its high-profile acquisition of Silicon Valley Bank.

Economic Report: Jobless claims inch up to 227,000, but show no sign of rising layoffs

The number of Americans who applied for jobless benefits rose slightly to 227,000 after falling to a 5-month low, offering more evidence that layoffs are low.

The Ratings Game: PayPal takes some steps forward, but here’s what’s holding the stock back

PayPal is making progress on some areas of its business, but it continues to spook investors on others.

The Fed: Richmond Fed’s Barkin says inflation remains too high, expects economy to slow

Richmond Fed President Tom Barkin said the U.S. has avoided a recession because of pandemic-related changes in the economy, but growth is likely to slow.

The Tell: Morgan Stanley’s Mike Wilson is warming to the U.S. stock-market rally. Here’s what would make him turn bullish.

Morgan Stanley's top U.S. equity strategist Michael Wilson, one of Wall Street's most prominent bears, is warming to the idea that the 2023 stock-market rally might have legs.

The Human Cost: This Florida woman had a $30K bill after a hurricane damaged her home, yet she had wind and flood insurance: ‘I burst into tears’

More Americans are moving to flood-prone zones, despite the dangers. Is it worth it?

Earnings Watch: Amazon earnings: Here’s what to expect, by the numbers

Analysts will be keenly watching Amazon.com Inc.'s online shopping and AWS businesses when the e-commerce juggernaut reports second-quarter results after markets close Thursday.

Metals Stocks: Gold prices slide for 3rd day as rising Treasury yields, stronger U.S. dollar sap demand

Gold prices slipped again on Thursday, heading for a third day in the red, as rising Treasury yields and a stronger U.S. dollar following Fitch Ratings' downgrade of the U.S. credit rating put pressure on precious metals.

: Cigna stock rises toward a 6-month high after adjusted profit, revenue rise above forecasts

Shares of Cigna Group rose 0.9% toward a six-month high in premarket trading Thursday, after the health insurer reported results that beat expectations.
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