Articles

Nio’s stock touches 52-week low after Chinese EV maker cuts sales estimates

U.S.-listed shares of Nio Inc. on Wednesday hovered around a 52-week low after the Chinese electric-vehicle maker cut its current-quarter sales estimates.

GameStop’s demise could come later this decade, analyst says

GameStop Corp., which reported a significant sales decline its fourth-quarter results late Tuesday, could meet its demise before the end of this decade, according to analyst firm Wedbush.

Wells Fargo’s rally sparks KBW downgrade after it outpaces other bank stocks

Investors have been bidding up the stock partly on speculation that its asset cap imposed by the Federal Reserve may be lifted in the next year or so.

Trump’s Truth Social sees stock rally again, but it sent a warning to investors

Trump Media & Technology Group’s stock surged Wednesday, but a sharp late-day pullback in the previous session may have acted as a warning to investors not to assume a smooth ride higher.

Carnival provides estimate of what the Baltimore bridge collapse will cost it

Carnival Corp.’s stock dropped Wednesday after the cruise operator reported an narrower-than-expected fiscal first-quarter loss but also provided an estimate for what the collapse of the Francis Scott Key Bridge in Baltimore would cost it this year.

Momentum stocks are outperforming S&P 500 by widest margin since 2008. Investors should be concerned.

Momentum stocks are coming off their best stretch of outperformance in years — since just before the financial crisis, in fact. That’s making some investors nervous.

Viking Therapeutics’ positive results for oral weight-loss drug has analysts backing buy ratings

Data from a Phase 1 trial is the latest bullish news from the biotech that may offer cheap entry to weight-loss mania.

Why an early Easter could cost retailers $1.6 billion this year

Easter sales will total $22.4 billion in 2024, according to the National Retail Federation — a 7% decline from last year.

AI-powered fraudsters are overwhelming bank defenses, Treasury report says

U.S. banks are struggling to keep up with evolving artificial-intelligence technology that has enabled fraudsters to easily impersonate customers and spread malware using AI-generated text, according to a report published Wednesday by the Treasury Department.

S&P issues negative outlook on five U.S. regional banks due to office space exposure

Higher office space vacancies trigger rise in criticized and modified loans, as a maturity wall looms

Merck’s stock rallies toward a record after FDA OKs arterial-hypertension drug

Merck’s stock rallied into record territory Wednesday, after the drug giant’s treatment for pulmonary arterial hypertension, Winrevair, was approved by the U.S. Food and Drug Administration.

How has this $25 billion fund beaten the S&P 500? Patience — and preparing for ‘the next big thing’

Tech stocks have been on a wild ride over the past few years, but the Franklin DynaTech Fund has performed very well over long cycles. Here’s how it might get in early on another transformational business cycle.
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