Articles

‘DJT’ stock’s tripling in October is adding $4 billion to Trump’s coffers

The value of Trump’s stake in Trump Media has increased by about $4 billion in October, as investors are betting heavily that he’ll win next week’s presidential election.

Job openings in the U.S. fall to the lowest level in 3 1/2 years

U.S. job openings fell in September to a three-and-a-half year low as as the demand for labor ebbed and businesses waited for the economy to speed up.

U.S. consumer confidence surges in October to highest level in nine months

Index hits 108.7 versus forecast of 99.5

Crocs’ stock tumbles 18% as earnings beat is offset by continued weakness at HeyDude brand

Crocs Inc.’s stock tumbled 16% Tuesday after the casual-footwear company’s better-than-expected third-quarter earnings were derailed by continued weakness at its HeyDude brand and a warning that it would take longer to recover than previously expected.

Beijing considers $1.4 trillion borrowing increase to support economy: Reuters

Fresh stimulus would help local authorities resolve off balance-sheet debt

Trade deficit in goods surges to 2 1/2 year high and may whittle down U.S. GDP

The U.S. trade deficit in goods jumped 15% in September to 2 1/2-year high, a much larger increase than expected that could shave some growth off gross domestic product in the third quarter.

Home prices hit a new record high, but the pace of growth is slowing significantly and ‘showing signs of strain’ 

Case-Shiller 20-city home price index rose 5.2% year-on-year in August.

SoFi’s stock looks poised to keep roaring as earnings show surge in loan volumes

Analysts called out improvement in credit performance as a major positive coming out of SoFi’s third-quarter report.

Icahn Enterprises’ stock slides 4% as majority-owned CVR Energy suspends its dividend

Icahn Enterprises LP’s stock fell 4% early Tuesday, after CVR Energy Inc., in which it owns a 66% stake, said it would suspend its third-quarter dividend, as unplanned outages and a weak macro environment pressured earnings.

JetBlue’s stock falls as revenue outlook for the current quarter disappoints

JetBlue’s stock drops after Q3 results beat expectations but the Q4 revenue outlook disappointed.

Royal Caribbean’s stock drops after profit outlook, passenger ticket revenue miss

Royal Caribbean’s stock pulls back from a record after revenue, profit outlook for the current quarter disappoint.

Adidas reaches out-of-court settlement with rapper Kanye West

The German sportswear company had been embroiled in a long-running dispute with the rapper now known as Ye over its decision to end its partnership with him in October 2022.
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