Articles

Port strike could come at a ‘high political cost’ for Harris campaign

Polls show Vice President Kamala Harris and former President Donald Trump in a tight race for the White House, setting up a situation where small economic disturbances could tilt the race one way or another.

Why China stocks are now a buy for U.S. investors

Unusual action for the S&P 500, a hot bond market and interviews with acting HUD secretary and AT&T’s chief operating officer

Consumer sentiment climbs to 5-month high as election looms

Slowing inflation and the first interest-rate reduction by the Federal Reserve in four years gave Americans a little more confidence in the economy, but the outcome of the presidential election also weighed on their minds.

Acadia Healthcare’s stock plunges after government probe into patient care

Acadia Healthcare Co. Inc. plummeted Friday after the operator of behavioral-healthcare facilities disclosed that it was the subject of a government investigation into how patients were treated.

Consumer sentiment improves for third straight month, expectations for the economy brighten

Sentiment rises to 70.1 in late September, highest since April

Campbell’s stock downgraded as company must ‘work harder for less growth’

D.A. Davidson cut Campbell Co.’s rating to neutral from buy, citing a shift by consumers to private-label foods.

Costco’s sales are strong, but valuation ‘leaves no room for error,’ says analyst

Costco’s current valuation “has become extremely stretched,” says Truist Securities.

U.S. trade deficit in goods shrinks 8.3% in August

Trade gap narrows to $94.3 billion, smallest since March

Macau Casino owner Las Vegas Sands’ stock extends gains on China stimulus

Las Vegas Sands owns five casinos in Macau, China, which generated $1.75 billion out of a total of $2.76 billion of the company’s second-quarter revenue.

Why Super Micro’s legal woes could be deeper than they appear

Super Micro Computer Inc.’s legal issues may have gotten more complicated, adding another cloud of uncertainty over the once-hot server-maker’s stock.

After U.S. and China ‘panic,’ world market cap set to hit new record, says Bank of America

Global stock-market capitalization is set to surpass its highest level in three years after the Federal Reserve slashed interest rates and China began stimulating its economy.

Oil steadies, but heads for losing week on prospect of increased supply

Oil futures ticked higher Friday, but remained on track for weekly losses on expectations OPEC+ will boost production before year-end as investors cast doubt on whether an aggressive round of monetary stimulus from China will shore up demand from the world’s largest crude importer.
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