Articles

Home sales sink to a 29-year low in 2023

Existing-home sales fell to a rate of 3.78 million in December, the National Association of Realtors said.

Why Marvell just dethroned Nvidia as Citi’s top chip-stock pick

Move over, Nvidia. A different chip name could be a bigger winner this year, according to a Citi analyst.

Rapper Lil Uzi Vert’s ‘Bad and Boujee’ SoCal mansion hits the market for $4.9 million

The colossal mansion in Bell Canyon, Calif., owned by rapper Lil Uzi Vert, just got a price cut.

Goolsbee says it’s too soon to determine when Fed will cut interest rates

Chicago Federal Reserve President Austan Goolsbee on Friday declined to say when he thinks the central bank will cut interest rates, but he said reductions could be expected this year "if we continue to make surprising progress on inflation."

Apple’s stock sentiment has been sour, but there may be a silver lining

Weak buy-side expectations could position Apple well during earnings, according to an analyst.

Kaman going private at 105% premium in deal valued at $1.8B

Kaman Corp.'s stock doubled in premarket trading Friday after it agreed to be taken private by Arcline Investment Management in a deal valued at $1.8 billion.

Travelers’ stock leaps toward a record as lower catastrophe losses boost profit

Travelers' stock surged into record territory Friday, after the property casualty insurer said lower catastrophe losses and higher underwriting gains helped produce record profit.

FTSE 100 pushes higher despite sharper-than-expected drop in U.K. December retail sales

British retailers saw their sales drop more sharply in December than in any month since January 2021

Spirit Airlines’ stock rebounds on bullish guidance

The carrier said its booking over the holidays were strong and that it'll likely match or slightly beat Wall Street's fourth-quarter revenue estimate.

Jamie Dimon gets $1.5M raise and heaps of praise after JPMorgan Chase’s record profit

JPMorgan Chase will pay CEO Jamie Dimon $36 million in compensation in 2023, up from $34.5 million in 2022 as the bank's independent board members considered his performance in a particularly challenging year, according to a late Thursday filing.

Oil prices struggle for direction in ‘violently rangebound’ market

Oil futures head for modest weekly gains.

Wayfair is laying off 1,650 employees

Wayfair shares climbed in premarket trades Friday after the home-goods retailer announced a plan to cut approximately 13% of its workforce.
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