Articles

Micron’s stock may see its worst day since 2020. Why the bulls are still upbeat.

Analysts are largely upbeat on Micron’s stock, pointing to an upbeat AI narrative while noting that pressures on consumer markets shouldn’t be much shock to Wall Street.

Economy was even stronger than it looked in the third quarter, GDP shows. Thank consumers.

The shocking strength of the economy helps explain the Federal Reserve Scrooge-like plans for interest rate cuts next year. And the latest update on GDP over the summer offers another reminder.

Jobless claims subside after Thanksgiving pop and give off good vibes for U.S. economy

Jobless claims are the early-warning radar for the U.S. economy, and they still show no trouble on the horizon. The number of Americans who applied for unemployment benefits in middle of December fell to a low 220,000.

Food giant Conagra hikes its inflation outlook in a fresh sign of higher-for-longer prices

Conagra, which makes blockbuster supermarket brands such as Birds Eye and Healthy Choice, sees inflation close to 4%.

Weedmaps founders want to take the company private as cannabis sector runs into headwinds

Stock has doubled this year, but it’s still down sharply from its peak of nearly $28 a share in 2021.

C3.ai gets downgrade, as analyst cites concerns about subscription revenue growth

C3.ai Inc. was downgraded to underweight by KeyBanc Capital Markets Thursday, with the analyst firm citing concerns about the enterprise software company’s subscription revenue growth.

LongHorn Steakhouse leads sales gains for Darden while fine dining retreats

America’s taste for red meat over fine dining powered a healthy sales gain for LongHorn Steakhouse.

CarMax sold more used cars than expected as prices fell by about $1,100 each

CarMax’s stock surges toward a 2-year high as a drop in used car prices helped lead to a big sales beat.

Oil prices edge lower after Fed rattles markets

Oil futures edged lower Thursday, struggling for support a day after the Federal Reserve signaled it would go much slower in cutting interest rates next year.

Oil may ‘collapse’ below $50 a barrel in 2025 if this perfect storm hits the market

Oil prices look set to end the year lower as demand weakness, particularly from China, prevails — but 2025 may bring an even steeper loss, with the possibility of a drop below $50 a barrel if the market sees a “perfect storm” of factors, including sharp economic declines in China and Europe.

What the history of Fed pauses says about stocks and bonds after the market freak-out

Citigroup has published a timely piece looking at the history of Fed pauses during previous easing cycles, now that a January change looks remote

The big connection between the yen and tech stocks has been severed

The yen was diving on Thursday, but that probably won’t help revive the so-called carry trade.
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