Articles

: Meta’s stock teeters toward correction in another ding for the ‘Magnificent Seven’

The so-called Magnificent Seven grouping of technology stocks is looking less magnificent lately, as Meta teeters toward joining several peers in correction.

The Ratings Game: Wolfspeed’s stock sinks as chip maker remains a ‘show-me’ story after a confusing quarter

Wolfspeed shares dropped Thursday after Wall Street analysts reflected on a confusing quarter from the maker of silicon-carbide based chips.

The Human Cost: This mother is earning $2,000 less per month during the summer so she can take care of her kids — and she’s not alone

Summer breaks have the same kind of effect on women’s career and pay as the pandemic

: This Fed GDP forecast has the U.S. growing 5.8% in the third quarter. No, really.

Could the economy be growing even faster despite rising interest rates? Atlanta Fed's GDPNow forecast for the third quarter was just raised to a heady 5.8%.

Crypto: Bitcoin falls as Treasury yields climb amid interest rate concern 

Bitcoin on Thursday fell to the lowest level since June, while Treasury yields climbed, as traders are betting that a resilient economy will encourage the Federal Reserve to raise interest rates further.

Lawrence G. McMillan: Bears are knocking at the door but bulls still hold the key to this stock market

U.S. stocks are in a downtrend and more sell-signals are appearing.

: Fitch lowers U.S. banks’ ‘operating environment’ score a notch to aa-, says higher interest rates a factor

Fitch issues fresh commentary around a June move to reduce its view on the bank ecosystem in the face of uncertainty around interest rate hikes and the economy. It isn't a rating downgrade.

Market Extra: Why Treasury yields keep rising, causing pain for stock-market investors

Long-dated yields are in a slow-motion breakout toward their highest levels in well over a decade.

: Generative AI will ‘unlock value’ for Walmart shareholders, says CEO

Walmart’s data assets are “unique” says CEO Doug McMillon

Earnings Results: Coach parent Tapestry’s earnings and guidance fall short of consensus, pressuring the stock

Tapestry's stock fell 1% Thursday after the Coach parent company's earnings and guidance came in below consensus.

: CVS, other pharmacy-benefit stocks drop as major health insurer targets ‘broken’ prescription-drug system

Pressure builds on prescription-drug middlemen as Blue Shield of California cuts reliance on CVS Caremark.

Economic Report: U.S. mortgage rates rise to the highest level in 21 years

The 30-year mortgage rate is averaging at 7.09%, Freddie Mac said in its latest weekly survey on Thursday.
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