January pending home sales drop to the lowest level on record
“For Sale” and “Sale Pending” signs in the West Seattle neighborhood of Seattle, Washington, US, on Tuesday, June 18, 2024. The National Association of Realtors is scheduled to release existing homes sales figures on June 21. David Ryder | Bloomberg | Getty Images High mortgage rates and elevated home prices combined to crush home sales […]
Three catalysts have driven S&P 500 corrections since 1964. Here’s what could spark one now.
Piper Sandler’s Michael Kantrowitz has dug into big corrections since 1964 and finds they all need a catalyst. Here’s what he sees coming in 2025.
The world’s largest advertising company says revenue may fall. The stock is getting hammered.
WPP, the world’s largest advertising company, saw its shares plunge on Wednesday after it forecast that sales may drop this year.
GM raises quarterly dividend, initiates $6 billion stock buyback
DETROIT – General Motors is raising its quarterly dividend and initiating a new $6 billion share repurchase program as the company attempts to reward investors amid slowing industry sales and profits. GM announced Wednesday it is increasing its quarterly dividend by 25% to 15 cents per share — matching that of crosstown rival Ford Motor. […]
Target strikes deal with Champion as it tries to boost apparel sales
Target will soon have another brand to dangle as the discounter tries to convince more shoppers to buy clothing and other discretionary merchandise — Champion. On Wednesday, the cheap chic retailer announced that it’s struck a multiyear deal with the sportswear brand long associated with hoodies and sweatpants. Authentic Brands Group bought Champion from HanesBrands […]
Intuitive Machines’ stock climbs as second moon-landing mission launches
IM-2 is a “very complicated” prospecting mission that will deploy a drill, hopper and rover on the lunar surface, according to the company’s CEO.
Lucid’s top priorities following EV CEO’s departure
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters Shares of electric vehicle maker Lucid Group were down more […]
‘I’m an endless honey pot’: My wife and I are in our 70s. We gave our son $40,000 for his L.A. wedding. Now he wants more.
“We have four sons. We financed three of them through college, so none of our kids have student loans.”
Eli Lilly to invest $27 billion in new U.S. manufacturing
Eli Lilly on Wednesday said it will invest at least $27 billion to build four new manufacturing sites in the U.S., as demand for its blockbuster weight loss and diabetes injections soars and the company develops new drugs for other conditions. It comes as drugmakers and companies across different industries work to build goodwill with […]
Jeff Bezos orders new Washington Post opinion policy, says top editor resigned
(L-R) Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty Images Jeff Bezos, the […]
