Articles

The Ratings Game: IBM’s stock jumps as RBC sets new Wall Street-high target at a 9-year high

IBM's stock rallied Wednesday after RBC Capital's Matthew Swanson set a Wall Street-high price target that suggests a nine-year high is on the horizon.

: Biden administration to cancel $37 million in debt for borrowers who attended the University of Phoenix

Roughly 1,200 former University of Phoenix students are eligible for the relief

: Cash investors may be at ‘the top of the mountain’ with Fed pause. Here’s when 5% CDs and money market funds could finally end.

Almost 40% of people have increased their cash holdings since interest rate hikes started, one survey found.

Financial Crime: Dialing for dollars: Oklahoma couple guilty in $88 million pirated Avaya phone software scam

Brad and Dusti Pearce were accused of stealing so many phone licenses that they nearly cornered the global market for such software.

In One Chart: ‘Growing confidence in a soft landing’? Here’s where traders see Fed’s interest rate going in 2024

Traders’ expectations for where the Federal Reserve’s benchmark interest rate will wind up in late 2024 is well above where they saw it heading soon after the collapse of regional banks, even as they anticipate rate cuts next year.

IPO Report: Klaviyo’s stock opens almost 23% above IPO price to extend streak of upbeat debuts

Klaviyo's stock was cheered in its Wall Street debut, as the digital-marketing software-as-a-service company's stock opened 22.5% above its IPO price.

: There’s one culprit for U.S. airlines’ steeper losses, and it’s not lack of demand

U.S. airlines have entered one of their "shoulder" season, but their post-Labor Day doldrums are entirely up to rising fuel prices.

The Ratings Game: Instacart has a tougher path ahead, analyst warns as stock sputters

Instacart was in the "right place at the right time" during the pandemic, but Needham analyst Bernie McTernan doubts the path forward will be as easy.

: What the backlash to the new U.S. News college ranking methodology is really about

The publication’s change to emphasize outcomes rankled some schools, like Vanderbilt University, that fell several spots.

: The price gap between renting and buying just hit the widest point since 2000, new analysis shows

Priced out of buying a house? Renting may be smarter than buying for now, according to new data from the real-estate technology platform Cadre.

: Barbie and Wednesday Addams are hot Halloween costumes as Americans expected to spend over $4 billion dressing up this year

Overall Halloween spending is expected to break a record $12.2 billion this year, the National Retail Federation reports, with the average person spending $108.

In One Chart: ‘Fed hikes are biting harder and harder,’ says Apollo economist

The Federal Reserve's rate hikes are making it more painful for companies that need fresh debt, says Torsten Slok, chief economist at Apollo Global Management.
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