Articles

: UAW strike moves to GM’s key SUV plant

The United Auto Workers on Tuesday expanded its strike to General Motors Co.'s SUV plant in Arlington, Texas, where 5,000 workers have joined the strike.

The Ratings Game: DraftKings is winning over more ‘whales,’ which could help send its stock 24% higher

DraftKings shares were powering higher Tuesday after an analyst turned bullish on the stock. His conviction in the company's story is "stronger than ever."

: With mortgage rates near 8%, Goldman Sachs expects home prices to fall, then rebound in 2024

Goldman Sachs says mortgage rates will 'remain elevated for the foreseeable future, dipping to just under 7% by the end of next year.'

Earnings Results: Kimberly-Clark’s stock struggles to hold gains after sales fall short of estimates

Consumer-goods company again raised prices to boost margins back to prepandemic levels.

Europe Markets: Barclays drags down U.K. bank stocks after warning on net interest margins

Barclays led U.K. banking stocks lower on Tuesday, after the London-listed lender posted a sharp fall in third-quarter profits.

Need to Know: Why Coke, others, may be spared, as a $100 billion opportunity in weight loss drugs unfolds says JPMorgan

JPMorgan says the weight-loss drug industry is now a "$100 billion plus opportunity." Coke is one of the stocks they say is likely to get hit less hard.

Earnings Results: Verizon logs earnings beat while boosting target on a key metric

Verizon upped its free-cash-flow expectations for the year, and shares of the telecommunications company were moving higher premarket Tuesday.

Peter Morici: Fiction writers demanding money from AI chatbots are lost in fantasy

Giving the writers what they want would stifle competition, writes Peter Morici.

Encore: Retirees tend to be happier than younger people — even if their finances aren’t great

Older people have a great ability to adapt and cope

Bond Report: Treasury yields fall further after Ackman and Gross question health of U.S. economy

Longer-term Treasury yields fell on Tuesday, extending a retreat from 16-year highs above 5%.

Movers & Shakers: Logitech shares surge after computer mouse seller lifts full-year guidance as Redfin stock boosted by Apollo financing

Logitech, IonQ, Redfin, Crane, Agilysys, AGNC and Cadence Design were active.

: Hermès records industry-beating growth as sales rise 16%

The Parisian firm’s results are set to assuage investors’ fears about a downturn in the market for luxury goods,
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