Articles

Layoff fears are gripping U.S. workers. Is their anxiety warranted?

Layoff fears are taking hold of workers across America, with many worried about whether they’re next.

New York Community Bancorp’s sole traded bond fell off a cliff this week, dragging others down with it

The stock’s 44% loss spread to the bank’s only bond, floating-rate notes that mature in 2028, and hurt the bonds of other small banks, too.

Trump says Powell is being ‘political’ with interest rates

Asked if he would reappoint Powell to a third four-year term, Trump replied “no.”

Cocoa trades at its highest price since 1977

Cocoa futures headed higher for a sixth straight session on Friday, with prices poised to mark another settlement at their highest in more than 46 years.

Bao Fan adds another chapter to China’s history of missing businessmen

China Renaissance Holdings said in a statement on Friday that Bao Fan, who dropped out of sight over a year ago, had resigned as executive director and chief executive officer.

Consumer sentiment in January jumps to highest level in 2½ years

Consumer sentiment shot up in January to the highest level since the summer of 2021, as Americans got some relief from waning inflation.

Meta’s killer stock rally could add $200 billion in market cap — a historic haul

The Facebook parent company is on track to see the largest one-day market-cap gain in Wall Street history.

U.S. factory orders up 0.2% in December, in line with consensus

Orders for manufactured goods rose 0.2% in December, the Commerce Department said Friday. The gain was in line with the consensus of economists surveyed by the Wall Street Journal.

AMC shares slip below $4 as original meme stock hits all-time low

The stock traded as low as $3.94 Friday, which is a new record intraday low, according to Dow Jones Market Data.

A surcharge for bread? Why restaurant-week promotions may no longer make sense.

From New York City to Tuscaloosa, Ala., diners need to do the math and see if the deals are really worthwhile.

Ugg and Hoka owner Deckers Outdoor names insider as CEO as Dave Powers retires after strong quarter

Deckers Outdoor’s longtime CEO steps down after company’s strongest-ever quarter.

‘The small, regional bank business model is unalterably broken,’ says Oppenheimer analyst after New York Community Bancorp stock swoon

Chris Kotowski sees diversified banks winning out in the U.S.’s ‘bizarrely fragmented banking system’
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