Articles

Shares of Rivian Automotive Inc. dropped in the after-hours session Tuesday after the EV maker reported a mixed quarter, with a much wider-than-expected quarterly loss trumping revenue that came in slightly above forecast.

The home-sharing company said it is seeing “shorter booking lead times globally” in its earnings report.

The telecommunications and fiber company now expects $1.0 billion to $1.2 billion in free cash flow for the full year, up from a prior outlook of $100 million to $300 million.

The annual Sallie Mae report on how America pays for college does not signal good news for next year, either.

“The prospects for the economy and prospects for the stock market do not go hand in hand,” one economist noted.

It took only about a week for riskier U.S. corporate bonds with ‘junk’ credit ratings to erase all of their gains this year.

A day after U.S. recession fears swept global financial markets, a few things became clear. One of them is that if the Federal Reserve actually delivers as many rate cuts as traders currently expect, it could lead to a new set of problems.

The S&P 500’s 3% pullback on Monday doesn’t meet the criteria to be considered a “black swan” event, said author Nassim Nicholas Taleb.

Recessions are rarely if ever easy to see coming. But there’s little reason to expect one now even after last week’s poor jobs report and a meltdown in the stock market.

The risk of a bear market still remains if the economic slowdown becomes a recession in the second half of 2024, says Stifel’s Barry Bannister.

Since the end of the pandemic in 2023, “the perception that COVID is gone is real … but the virus isn’t gone,” says WHO official.

Lumen’s recent business wins around AI suggest “a greater amount of fiber-related demand should still be on the horizon,” a Citi analyst said.