Articles

This railroad operator is most impacted by the Baltimore bridge collapse

Experts are weighing the supply chain impact of the Francis Scott Key Bridge collapse in Baltimore.

Disney’s board showdown is coming to a head, but one winner is already clear

Disney’s stock has had a strong start to the year, and one analyst thinks the company’s battle with activists has made it execute on its turnaround with greater urgency.

Fed’s Mester says she won’t back a rate cut in May

“At this point, I think the bigger risk would be to begin reducing the funds rate too early.”

Paychex sees employment growth for clients slow more than expected

Paychex reported Tuesday fiscal third-quarter revenue that came up a bit shy of expectations, and cut its full-year growth outlook, as the human resources outsourcing company said its clients did less hiring than expected.

These stocks’ price targets have been cut the most by Wall Street analysts in 2024

The list includes Tesla and Boeing — along with one stock for which analysts still see 50% upside.

Amazon and Tesla are ‘conviction’ picks at Wells Fargo — but only one’s bullish

Shares of Amazon and Tesla are among Wells Fargo’s “high-conviction” picks for the second quarter, but the analysts there see those stocks heading in different directions.

Norfolk Southern calls on shareholders to reject activist investor’s takeover bid

Activist investor Ancora Holdings Group is calling for the ouster of Norfolk Southern CEO Alan Shaw.

Wall Street strategist who called dot-com crash says stocks are in a bubble driven by Fed

The artificial-intelligence craze and a “loosey goosey” Federal Reserve have helped to spawn another bubble in U.S. stocks, according to a strategist who anticipated the dot-com crash.

U.S. factory orders rise in February after two straight monthly declines

Orders for manufactured goods rebounded 1.4% in February after two straight monthly declines, the Commerce Department said Tuesday. The increase was higher than the 1% gain expected by economists surveyed by the Wall Street Journal.

WeWork expects to emerge from bankruptcy by end of May

WeWork said Tuesday that after restructuring lease agreements at nearly 90% of its real-estate portfolio, it expects to come out of bankruptcy by the end of May.

Job openings stay at 8.8 million. Labor market still plenty robust.

The number of job openings in the U.S. totaled 8.8 million in February for the second month in a row, showing a labor market with plenty of residual strength.

German inflation could hit ECB’s target of 2% by next month, ING economists say

Inflation in the German economy fell for the fourth month in a row to 2.2% in March
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