Articles

Jobless claims rise in latest week, boosted by California disaster

Claims up to 217,000 above forecast of 210,000

Retail sales point to strong holiday shopping season. U.S. economy starts off 2025 with some momentum.

Retail sales rose at a solid pace in the final month of 2024, capping off a good holiday shopping season and suggesting the economy entered the new year with some momentum.

Morgan Stanley sees big jump in equity, bond revenue as client activity improved

Morgan Stanley beats earnings expectations amid strength in its equity and bond businesses.

Southwest’s valuation is out of whack, Citi says in new ‘sell’ call

Southwest Airlines Co.’s stock fell 3% early Thursday, after Citigroup downgraded the stock to sell from neutral, arguing that the valuation has risen while earnings quality and free cash flow conversion have deteriorated.

Bank of America sees revenue rise across the board in upbeat sign for year ahead

Bank of America CEO Brian Moynihan said the bank turned in a “strong” fourth quarter, CEO says.

Is Trump’s bitcoin embrace the biggest ‘pump-and-dump’ ever?

The U.S. government buying bitcoin at inflated prices would do nothing to pay off America’s debt.

Bargain hunting? This value manager has scooped up Airbnb, an AI-healthcare play and a GE spinoff

Five overlooked stocks that the Oakmark Fund unearthed last year.

Target’s stock rises as holiday sales show rebound from third-quarter doldrums

Target Corp.’s stock soared 3.7% early Thursday, after the retailer raised guidance for a key metric in an update on its holiday sales, after achieving records for both Black Friday and Cyber Monday promotional events.

Outsourcing giant Infosys raised sales guidance for a third time. AI is helping.

Indian outsourcing giant Infosys on Thursday raised its sales outlook for the third time this year as the company said clients were increasingly adopting its artificial-intelligence services.

For Trump, Greenland and Panama are really about one thing: China

China dominates the global market for “rare earth” minerals crucial for everything from stealth jets to smartphones.

Oil prices edge lower after closing at 4-month high

Oil futures were modestly lower early Thursday, pulling back after ending the previous session at four-month highs following data that showed a large drop in U.S. crude inventories.

Here’s how much lumber Southern California will need to rebuild after the wildfires

The Palisades, Eaton and Hurst wildfires in Southern California have destroyed more than 12,000 structures, raising the likelihood of a spike in demand for lumber in the months and years ahead.
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