Articles

Kaman going private at 105% premium in deal valued at $1.8B

Kaman Corp.'s stock doubled in premarket trading Friday after it agreed to be taken private by Arcline Investment Management in a deal valued at $1.8 billion.

Travelers’ stock leaps toward a record as lower catastrophe losses boost profit

Travelers' stock surged into record territory Friday, after the property casualty insurer said lower catastrophe losses and higher underwriting gains helped produce record profit.

FTSE 100 pushes higher despite sharper-than-expected drop in U.K. December retail sales

British retailers saw their sales drop more sharply in December than in any month since January 2021

Spirit Airlines’ stock rebounds on bullish guidance

The carrier said its booking over the holidays were strong and that it'll likely match or slightly beat Wall Street's fourth-quarter revenue estimate.

Jamie Dimon gets $1.5M raise and heaps of praise after JPMorgan Chase’s record profit

JPMorgan Chase will pay CEO Jamie Dimon $36 million in compensation in 2023, up from $34.5 million in 2022 as the bank's independent board members considered his performance in a particularly challenging year, according to a late Thursday filing.

Oil prices struggle for direction in ‘violently rangebound’ market

Oil futures head for modest weekly gains.

Wayfair is laying off 1,650 employees

Wayfair shares climbed in premarket trades Friday after the home-goods retailer announced a plan to cut approximately 13% of its workforce.

Stop selling Fisker’s stock as ‘easy profits’ for shorts have been made — CFRA

Fisker's stock bounced Friday, after an analyst recommended investors stop selling following their "precipitous drop" over the past several weeks.

How government meddling could end a golden age for life-changing new drugs

Price controls could force many biotech companies to shutter research on vital medicines.

Treasury yields back away from highs as more economic data awaits

Treasury yields eased back from highs on Friday, as investors got ready for more economic data.

China’s low birth rate will slow its stock market. Here’s when to expect it.

Shrinking population will still support Chinese stocks for many years.

New Hampshire GOP primary: Haley tries to turn the tide, as Trump cruises toward the 2024 nomination

New Hampshire's voters are due to cast ballots Tuesday in their closely watched Republican presidential primary election.
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