Articles

Long-term yields rose even though the Federal Reserve took a big bite out of interest rates on Wednesday. Here’s why.

Stocks reacted erratically to the Federal Reserve’s bulky 50-basis-point interest-rate cut on Wednesday. But by the time the dust had settled, two clear winners had emerged.

Shares of Steelcase Inc. fell after hours on Wednesday after the office-furniture maker’s third-quarter sales outlook came up short of Wall Street’s estimates, amid weaker demand from big corporate customers and from China.

A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.

The debt outlook for Fifth Third Bancorp, First Citizens Bancshares Inc., Regions Financial Corp. and Huntington Bancshares Inc. has been raised to stable from negative by Moody’s on healthier balance sheets from the four big regional banks.

Mickey Lee Wagner found a loophole in how factoring companies work and used it to steal $5 million. After he was indicted, the feds say he did it again. Now he’s going to prison.

Furloughs for employees and pay cuts for executives are coming at Boeing.

Mortgage lenders are reporting an uptick in interest from homeowners looking for ways to extract equity from their houses through home-equity lines of credit as mortgage rates are poised to fall.

Trump Media’s stock has been mostly trending lower since mid-July.

The “new features do not impact what we believe to be the most significant risk of teen Instagram use,” one advocate said.

Housing credit looks like a good place to be for investors, especially with returns rising as the Fed looks to lower rates, says Clayton Triick at Angel Oak Capital Advisors.

Needham sees Super Micro shares as a “value play on AI,” with strong revenue growth helping to justify a premium multiple relative to peer stocks.