Articles

New York Community Bancorp may attract buyers for mortgage-servicing rights, says KBW

Annaly Capital, Two Harbors, JPMorgan listed as potential purchasers in KBW research note.

Novo Nordisk says Ozempic reduced risk of kidney problems by 24% in patients with Type 2 diabetes

The company is planning to file for regulatory approval of a label expansion for Ozempic in the U.S. and European Union in 2024.

MicroStrategy’s stock pulls back after plan to offer debt to buy more bitcoin

MicroStrategy’s stock fell Tuesday, as the business-analytics software company and bitcoin play’s plan to offer convertible debt gave investors a reason to take a breather following the stock’s recent sprint to a 24-year high.

Regulators are slashing credit-card late fees. When will customers see the charges shrink?

The new rule slashes the typical late charge to just $8.

How Morgan Stanley’s bearish strategist may be right for the wrong reason

The risk to the market is from the bond market, though Morgan Stanley’s strategist may be misidentifying how that risk is transmitted.

Apple, Microsoft, Alphabet and other corporate giants have huge bond holdings, and here’s why that’s a problem

Non-financial firms are key participants in financial markets, with the power to cause major price swings, volatile markets and even bank collapses.

BowFlex files for Chapter 11 bankruptcy after post-pandemic sales slump

The exercise company warned shareholders that there’s no guarantee they will recoup their investment.

British investors plow billions into U.S. stocks while continuing to snub U.K. markets

The outflows from Britain’s markets come as the U.K.’s main bourse has suffered from a lack of liquidity, low valuations, and a scarcity of IPOs

Target’s stock surges as lower markdowns and shrink costs fueled big profit beat

Target’s stock shot up toward an 11-month high Tuesday after the discount retailer reported fiscal fourth-quarter profit that was well above expectations, as lower markdowns and lower shrink costs boosted margins.

Biden gets the blame for U.S. inflation staying higher for longer, but he shouldn’t

It’s human nature to focus on bad news and ignore the good.

‘Is this a new form of evil?’ My mother-in-law gave me a ‘diamond’ ring. A gemologist said it’s fake. What should I do?

“She expects VIP service from her family. If she does one nice thing, she will expect the entire world for the next 10 years.”

Oil prices consolidate as investors weigh China demand

Oil futures hover near unchanged as investors assess China’s growth target.
1 1,678 1,679 1,680 1,681 1,682 2,598