Articles

Trump Media’s stock dives in wake of debate, Taylor Swift’s Harris endorsement

Trump Media’s stock was tumbling toward fresh lows on Wednesday, which suggests who Wall Street believes won the debate between Former President Donald Trump and Vice President Kamala Harris.

Oil prices bounce, lifted by drop in crude inventories and Hurricane Francine

Oil futures bounced Wednesday, finding support on industry data that showed a drop in U.S. crude inventories as traders track Hurricane Francine.

Campbell’s drops ‘Soup’ from name but it will still make soup

S&P 500 component changing its name to Campbell’s Company to reflect its wider food packaged foods business.

AST SpaceMobile’s stock rises amid final preparations for its first commercial-satellite launch

The launch of AST SpaceMobile’s first five commercial satellites is scheduled for 4:52 a.m. Eastern time Thursday.

DSW shoe store parent’s stock plunges after surprise sales drop, big profit miss

Designer Brands’ stock was heading for a sharp selloff Wednesday after the parent of DSW shoe stores reported a surprise decline in quarterly sales, amid weakness in dress and seasonal categories.

Mortgage rates plunge to lowest level since February 2023

Mortgage applications rose 1.4% in the last week, the Mortgage Bankers Association said.

‘I don’t want to be unfair’: My mother gave me $150,000 to buy a house. One sibling wants 15% ownership. What now?

“I do not want to be unfair to my siblings, but I also do not want them to own an interest in my house.”

History shows Wall Street analyst estimates can be 30% too high at the peak, which one strategist says may be now

Wall Street earnings expectations assume profit growth will continue despite signs of the economy rolling over, says strategist.

European Central Bank to cut interest rates again as inflation and economy cools

The ECB is expected to trim borrowing costs as its focus shifts from damping inflation to supporting the bloc’s faltering economy.

Rentokil shares plunge as cockroach killer warns of $105 million hit to U.S. arm

The British exterminator said slower sales in North America and negative currency impacts would see its full-year profits drop compared to last year, to sums of around £700 million

Abu Dhabi plans $15.9 billion offer for German chemicals giant Covestro: report

Abu Dhabi National Oil Company is expected to make an offer to buy the Bayer spinoff in what would mark the largest cash transaction in the history of the chemicals industry

Treasury yields hit fresh 2024 lows ahead of CPI inflation report

Bond yields fell early Wednesday as investors prepared for data expected to confirm that inflation is sufficiently benign to allow the Federal Reserve to start cutting interest rates in a week’s time.
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