Articles

Microsoft’s stock marches to $3 trillion market cap for the first time

Microsoft Corp.’s stock is continuing its march higher, and that could put the company in vaunted territory.

Storm in a teacup. U.S. embassy intervenes amid British outrage over ‘perfect’ salty tea.

A U.S. professor’s recipe for a perfect cup of tea includes adding salt. The British are not amused, especially after the U.S. Embassy wades in.

Copper production boosts FreePort-McMoRan results past Wall Street expectations

FreePort-McMoRan Inc.’s stock rose 6.3% on Wednesday after the mining giant’s fourth-quarter profit and revenue beat Wall Street projections, with its copper volumes exceeding its earlier estimate.

Plug Power faces ‘increasingly arduous path,’ a new bear warns

A BMO Capital Markets analyst is feeling cautious about Plug Power’s stock despite some “positives” in recent update.

Hedge fund bond star Greg Lippmann readies next big bet on commercial-property debt shunned by others

“People think it’s going to be bad,” Lippmann said of distress in commercial real estate debt. “That creates opportunity.”

Treasury yields pare declines after U.S. PMI reports

Treasury yields pulled back from declines seen earlier on Wednesday after data showed U.S. businesses experienced a strong upturn in activity at the start of the year.

Economy revs up in early 2024, S&P finds. ‘Soft landing’ in sight?

The U.S. economy got off to a good start as growth sped up in January a pair of S&P business surveys showed, indicating that a recession still appears far off.

DAX index jumps to record high as hedge fund makes $1 billion bet against German stocks

The DAX index was on course for a fresh record high at Wednesday lunchtime in Europe as a hedge fund placed a $1 billion bet against some of Germany’s biggest companies.

MedMen goes from height of $3B valuation to zero as stock draws cease-trade order

Once hailed as the first cannabis unicorn, MedMen’s fortunes have gone up in smoke.

Global bond markets are unwinding the rally from December’s ‘Fed pivot party’

Global bond markets are starting to reverse some of a rally that carried yields lower and prices higher late last year.

Chipotle to hire 19,000 employees to prepare for busy ‘burrito season’

The seasonal hires, which would be 27% more than the 15,000 hired last year, are in preparation for its busiest time of the year, from March to May.

This is the mistake investors are making in thinking about a second Trump presidency, say UBS strategists

Why January 2025 and January 2017 are not analogous
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