Articles

Northern Trust stock slides as higher expenses overshadow earnings beat

Northern Trust stock loses 5% of its value.

U.S. stock market’s 2024 rally gets ‘healthier’ as breadth broadens and small-caps soar

The U.S. stock market’s breadth is improving, a positive sign for the momentum of the rally so far this year, according to BofA Global Research.

Oil prices rise as U.S. crude inventories post a third straight weekly fall

Oil futures headed higher on Wednesday, on track to score their gain in four sessions, after official U.S. data revealed a third weekly drop in a row for commercial crude inventories.

U.S. Bancorp, Citizens Financial shares rise as positive bank sentiment continues

Upbeat sentiment toward bank stocks continued Wednesday as U.S. Bancorp and Citizens Financial Group both rose on mostly positive quarterly results.

Why Intel’s stock is bucking the semiconductor sector’s worst selloff since 2022

Intel and GlobalFoundries could benefit from potential semiconductor-industry restrictions on China and Taiwan.

This major Treasury market shift could signal serious pain ahead for stocks

An inverted Treasury yield curve is supposedly a harbinger of recession. Does this mean that, when the curve un-inverts, it is tantamount to the market sending the all-clear signal?

Adidas lifts guidance and shares climb, partly thanks to the hottest shoes in Paris

Adidas shares climbed on Wednesday after the sportswear maker lifted guidance, a reprieve in the world of retail, where a steady stream of downbeat news has been dogging the sector lately.

Waller says Fed getting closer to cutting interest rates as inflation slows

Federal Reserve Gov. Christopher Waller said the central bank is “getting closer to the time when a cut” in interest rates is warranted, but he still wants more evidence that inflation is slowing before he’s ready to move.

Fed’s Barkin wants to move ‘deliberately’ on interest rates

Richmond Federal Reserve President Tom Barkin said he wanted to “proceed deliberately” on interest-rate moves because it was uncertain how much the current level of interest rates was slowing the economy.

This small-cap stock-market rally is remarkably strange. That’s why it has ‘further to run’

The rally for small-cap stocks over the past week is a historical and statistical outlier that marks a ‘dramatic’ shift in investor sentiment, says a widely followed Wall Street analyst.

1-800-Flowers’ stock downgraded to sell as ‘everyday gifting is still anemic’

The stock of 1-800-Flowers.com Inc. tumbled Wednesday, after D.A. Davidson downgraded it to underperform, or sell, from neutral, and said consensus estimates for its fiscal fourth quarter are looking too high.

Industrial production surges again amid high demand for air conditioning during heat wave

Industrial production rose in June for the second month in row, driven by rising auto sales and high demand for air conditioning during a spell of especially hots summer weather.
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