Articles

These consumer-staples stocks could take a hit from the port strike

The dockworkers’ strike could impact a number of names in the consumer-staples space, warns Bank of America.

This opaque, lightly regulated corner of Wall Street is growing by leaps and bounds. Some worry it will eventually deliver a shock to the financial system.

Millions of Americans have exposure to private credit, which often outpaces stock-market returns but also poses risks.

Mortgage rates rise amid geopolitical tensions and uncertainty over future Fed cuts

The 30-year mortgage rate is averaging 6.12%, Freddie Mac said in its latest weekly survey on Thursday.

Buffett’s actions imply you shouldn’t buy Bank of America stock above this price

Warren Buffett has sold Bank of America for 12 straight days, for the third time in less than three months, but the prices he sold the stock shows that’s not a coincidence.

Dick’s Sporting Goods hiring 8,000 seasonal workers — about 600 fewer than last year

Retailer plans to hold its “National Signing Day” event on Tuesday to recruit seasonal employees.

Treasury yields climb further after better-than-expected ISM services report

U.S. government debt continued to sell off Thursday morning, pushing yields higher, after data showed the economy’s services side grew last month and initial jobless-benefit claims revealed businesses remain reluctant to lay off workers.

Factory orders drop in August, the third decline in the past four months

Orders for manufactured goods fell 0.2% in August after a strong gain in the prior month, the Commerce Department said Thursday. It is the third decline in orders in the past four months.  

U.S. economy speeds up as ISM survey hits 1 1/2-year high. Businesses aren’t gung-ho, though.

The service side of the economy grew in September at the fastest pace in a year and a half, a new survey found, signaling the U.S. is in no danger of recession.

Tesla’s deliveries didn’t live up to the hype. What investors should watch next.

One analyst sees the upcoming Robotaxi event as “the next potential catalyst” for Tesla’s stock, while another senses some anxiety around it.

Constellation Brands books large loss on wine and spirits, but beer sales rise

Constellation Brands’s stock fell Thursday, after the parent of Modelo and Corona beer brands beat adjusted profit expectations, but only after excluding a large non-cash loss booked for writing down the value of its wine and spirits business.

Eli Lilly’s weight-loss and diabetes drugs are no longer in shortage, says FDA

The U.S. Food and Drug Administration said Eli Lilly’s diabetes and weight-loss drugs marketed as Zepbound and Mounjaro are no longer in shortage signaling that the company has succeeded in expanding manufacturing.

Why Salesforce’s stock is getting more love from Wall Street analysts lately

Salesforce shares have lagged the S&P 500 this year but could be primed for bigger gains thanks to improved product positioning.
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