Articles

BlackBerry swings to surprise profit on sales growth for IoT, cybersecurity businesses

BlackBerry’s stock jump more than 6% after surprise quarterly profit for the tech company.

Greenlight’s David Einhorn pitches ‘boring essential-chemicals business’ Solvay

True to form, David Einhorn delivered another value-stock pick at this year’s Sohn Investment Conference on Wednesday.

Cash won’t flee money-market funds if the Fed gets its soft landing

Unlike much of the past half-century, the Federal Reserve isn’t facing a crisis or drastic rate cuts.

Levi Strauss nudges profit forecast higher following cost cuts, and shares are rallying

Shares of Levi Strauss & Co. rallied after hours on Wednesday after the jeans maker bumped its full-year profit forecast higher, helped by cost cuts and optimism from executives on demand for new as well as older products in the U.S. and abroad.

Fed’s Kugler expects inflation to slow further and result in rate cuts ‘this year’

Federal Reserve Gov. Adriana Kugler said she expects inflation to slow gradually this year and pave the way for the central bank to reduce interest rates.

Dell’s stock is at a new high — and it has beaten Apple’s over a five-year span

What’s old is new again, at least from Wall Street’s perspective.

Nearly 55,000 home sellers to receive $62 million in refunds from Opendoor

The Federal Trade Commission is sending checks to nearly 55,000 sellers who sold their homes to Opendoor after the iBuyer settled a lawsuit alleging deceptive practices.

Oil, gold and the dollar are surging. Here’s why that could derail the Fed’s rate-cut outlook.

A global economic recovery is fueling a blistering commodities rally in 2024 — threatening to derail the Federal Reserve’s efforts to curb inflation and potentially clouding its path to cutting interest rates by mid-year, according to market strategists.

Amazon to slash hundreds of jobs in its AWS cloud-computing business

Amazon.com Inc. is trimming hundreds of jobs from its AWS cloud-computing business in its latest round of layoffs aimed at slashing costs.

Options traders see rising risk of Fed rate hike following oil rally, solid U.S. data

A combination of healthy economic data and a rally in oil is renewing the risk of what one major Wall Street bank calls a “hawkish negative surprise” by the Federal Reserve and other central banks.

The company he keeps: How an investor got nabbed insider trading on Trump’s DJT stock merger

The insider-trading move that nearly scotched the recent multi-billion-dollar merger of Donald Trump’s media business with a blank-check company began to unravel following an ill-conceived phone call.

Why shorting Trump’s DJT stock could cost you a 500% fee

Shares of Trump Media & Technology Group Corp. have fallen since they began trading last week with former President Donald Trump’s initials as the ticker — but don’t blame short sellers for any further weakness.
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