Articles

Oil prices head for biggest weekly drop since early September as demand concerns persist

After rising for the first time in five days a day earlier, crude futures resumed their descent on Friday, with prices of the U.S.-traded benchmark briefly breaking below $70 a barrel overnight.

Schlumberger’s stock slumps as falling oil prices turn customers cautious

Schlumberger’s stock slumps after revenue misses expectations amid “cautious spending” by some international customers as oil prices fell.

Procter & Gamble’s stock slips as profit beat, steady outlook offset a sales miss

Shares of Procter & Gamble Co. fell 1.2% in premarket trading Friday, after the consumer packaged-goods company reported fiscal first-quarter profit that beat expectations and maintained its full-year outlook even as sales surprisingly declined.

These ultra-rich college endowment funds have a lot to learn about investing

Endowment managers’ attraction to hedge funds, real estate and other alternative investments ends poorly.

Why investors should be worried about the market’s ‘invincibility syndrome’

Too much optimism means there aren’t many left to buy stocks, says hedge fund manager.

Amex sees 6% growth in spending, and its stock heads higher

The company says new member benefits are resonating with younger generations.

CVS Health’s stock tumbles 12% after company lowers guidance and names new CEO

CVS Health Corp.’s stock tumbled 10.5% early Friday, after the healthcare company announced leadership changes and lowered guidance for the fourth time this year, weighed down by challenges in its health-benefits business.

Halloween chocolate lovers are about to get some good news

The price of cocoa has nearly doubled this year. Here’s why chocolate lovers aren’t likely to see a huge price hike this Halloween.

Donald Trump will win U.S. elections, Daniel Loeb’s Third Point says

Third Point said it believes the Republicans will take control of both the White House and the Senate, leading to deregulation, an increase in U.S. manufacturing, and higher infrastructure spending

Treasury yields steady a day after yield curve steepening

Bond yields were steady on Friday, a day after surprisingly strong U.S. economic data was reported that sent the 30-year note to the highest yield since July.

Apple’s iPhone 16 is selling 20% faster in China than its predecessor

Chinese consumers had previously shown relatively little interest in the iPhone 15, which was criticized for a lack of new features

‘I retired earlier than planned’: I’m 69 and will have $6,000 a month in retirement income. The bulk of my $3.6 million is equities. Is that OK?

“I don’t expect equities to do as well over the next decade as they have in the past, but I still think they will outperform other options.”
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