Articles

Walt Disney Co. on Wednesday said its board had named Morgan Stanley veteran James Gorman to head the succession-planning committee seeking a replacement for Bob Iger, who has said he will step down as the media and amusement-park giant’s chief executive in 2026.

Changes in real-estate commissions are set to have a profound impact on the U.S. housing market.

A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.

Communications tech company also guided for a better current quarter, and a better year.

Shares of Urban Outfitters Inc. fell in extended trading Wednesday after the clothing retailer reported second-quarter same-store sales that missed expectations, as shoppers at its namesake stores continue to struggle with higher prices that have crimped demand for clothing.

Officials on the Federal Open Market Committee saw a number of vulnerabilities to the financial system worth monitoring as of last month, one of which has to do with the use of leverage in the Treasury market.

The company says AI products are seeing initial traction.

Equity investors appear to have moved past the “growth scare” fears that helped to inspire the summertime bust-up that nearly landed the S&P 500 in correction territory earlier this month.

The U.S. bond market was rising Wednesday, as investors assessed revisions to labor-market data and looked ahead to Federal Reserve Chair Jerome Powell’s Jackson Hole speech Friday. 

Borrowing rates for investors seeking to short Icahn Enterprises. have spiked more than fivefold, to above 25%, since the company and its founder and majority shareholder Carl Icahn agreed to pay $2 million to settle regulatory charges this week.

As home prices have continued to march relentlessly higher, home buyers could soon get a break, a new report says.

Shares of Macy’s Inc. slid on Wednesday after the department-store chain cut its outlook and said that consumers were still skittish. Positives were hard to find, but management tried their best to highlight some.