Articles

David Tepper is buying ‘everything’ in China: ‘ETFs…futures…everything’

Billionaire hedge-fund manager David Tepper says it’s an “everything” rally in China after Beijing announced a slew of stimulus measures.

11 favored bank stocks that still trade at cheap valuations

Bank stocks have been on quite a tear as interest rates have declined. But many appear to have room to run as the cost for deposits goes down.

Micron’s stock could see its best day in 13 years. What’s behind the big move.

Micron’s stock momentum after earnings reflects relief over the guidance as well as an appreciation for the company’s ability to benefit from AI trends.

U.S. economy grew 3.0% in spring and GDP looks set to repeat that feat in third quarter

The last of three updates on U.S. growth in the second quarter showed the economy expanded at solid 3.0% annual pace — and there’s no sign it’s taken a big turn for the worse.

Jobless claims sink to 4-month low. Businesses aren’t hiring – or firing – many people.

The number of Americans who applied for unemployment benefits last week fell to a nearly four-month low of 218,000, reflecting the reluctance of businesses to cut jobs even though they’re no longer hiring many new workers.

Durable-goods orders were flat in August, beating forecasts of a sharp decline

Orders flat vs expectations of a 3% decline

Southwest Airlines’ stock surges after revenue outlook raised, buybacks resumed

Southwest Airlines’ stock surged Thursday after the air carrier raised its revenue outlook and indicated it would resume stock repurchases for the first time in more than four years.

‘I don’t want to spend my remaining days living hand to mouth’: I divorced my husband and remarried. Can I claim his Social Security?

“I hope that it doesn’t trigger my ex-husband. He has a short fuse.”

CarMax’s stock slides 7% as auto loan-loss pressure offsets sales beat

The used-car retailer’s fiscal second-quarter sales topped estimates — but it was not enough to offset pressure on its car-loan business.

Why stock-market investors are freaking out over economic data they used to ignore

Investors are increasingly on edge about incoming economic data as the Federal Reserve works to cut rates and secure a soft landing for the economy

Community Financial System CEO defends rich valuation and eyes more deals

Chief executive of the KBW Regional Bank Index component defends his company’s premium valuation based on a higher proportion of net interest income.

Oil prices slump after report Saudi Arabia to scrap price target, boost output

Oil futures fell Thursday morning, feeling pressure after the Financial Times reported that Saudi Arabia was ready to abandon its $100-a-barrel price target as it prepares to increase production in a bid to take back market share.
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