Articles

Economic Report: U.S. pending home sales fall but the housing market is in recovery mode

U.S. pending-home sales fell in May, the National Association of Realtors said on Thursday.

: Sigilon Therapeutics’ stock soars 550% after Eli Lilly agrees to acquire company

Deal is focused on new cell therapies to improve diabetes care.

Banking: Wall Street upbeat on banks after ‘mostly positive’ Fed stress tests results

Analysts at Citi, Oppenheimer and Truist weigh in on Federal Reserve bank stress results, while J.P. Morgan Chase downgrades Citizens Financial.

: Teenagers looking for summer jobs see best labor market since just after World War II

Teenagers seeking a summer job can expect higher wages and more opportunities in sectors that haven't traditionally hired workers their age.

The Ratings Game: Nvidia continues to show it has ‘significant advantages’ over rivals, analyst says in boosting bullish view

A Piper Sandler analyst is feeling more upbeat about Nvidia's stock and positioning after taking a deeper dive into the company's networking opportunity.

: Warren Buffett’s Berkshire Hathaway boosts Occidental Petroleum stake to 25%

Occidental Petroleum's stock rose after Warren Buffett's Berkshire Hathaway Inc. disclosed that it boosted its stake in the oil-and-gas company to over 25%.

Deep Dive: Investors are pouring money into this modified S&P 500 stock-market strategy

The benchmark S&P 500 has become less diversified with the success of the largest technology companies.

Market Snapshot: U.S. stock futures higher after upward GDP revision, jobless claims data

U.S. stock index futures edged higher on Thursday morning after the first-quarter GDP revision showed the U.S. economy grew at a much faster pace than previously expected, while the weekly jobless benefits claims data indicated the labor market remains fairly robust.

Economic Report: Jobless claims in U.S. drop to four-week low of 239,000

The number of Americans who applied for unemployment benefits last week fell to a one-month low of 239,000, indicating the U.S. labor market is still fairly robust.

The Ratings Game: Netflix’s stock looks juicy ahead of earnings, says Citi — and not because of password sharing

Another analyst is feeling more upbeat about Netflix Inc.'s potential, but this time, the thesis isn't about password sharing.

Metals Stocks: Gold falls to lowest level in more than 3 months after latest comments from Powell

Gold prices fell to the lowest levels in more than three months on Thursday as Federal Reserve Chairman Jerome Powell's comments in Sintra, Portugal on Wednesday and in Madrid, Spain, on Thursday weighed on the yellow metal.

: WHO poised to declare aspartame ‘possibly carcinogenic to humans,’ Reuters reports

The World Health Organization's cancer research arm is set to weigh in on aspartame, the sweetener used in Diet Coke.
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