Stocks can get more expensive, but don’t get in front of FOMO for now, says strategist
The bulls are back in town — or maybe they never left. After blowing past forecasts, Nvidia is not only soaring in premarket, but mass enthusiasm is sparking stock records from Tokyo to Paris, pointing to a sizzling start for Wall Street on Thursday. Down the road, will this day mark the top? For now, […]
Stocks can get more expensive, but don’t get in front of FOMO for now, says strategist
The bulls are back in town — or maybe they never left. After blowing past forecasts, Nvidia is not only soaring in premarket, but mass enthusiasm is sparking stock records from Tokyo to Paris, pointing to a sizzling start for Wall Street on Thursday. Down the road, will this day mark the top? For now, […]
Moderna (MRNA) earnings Q4 2023
Nikos Pekiaridis | Nurphoto | Getty Images Moderna on Thursday posted a surprise quarterly profit, in part boosted by deferred revenue, even as the company saw slumping sales from its Covid vaccine, its only marketable product. The results cap a rocky year for the biotech company and other Covid vaccine makers, which all saw revenue plunge […]
For many, credit-card debt tops savings. Here’s how to build an emergency fund.
Tim Whistler’s credit-card debt gradually grew to about $8,000. The cost of everyday products rose, his monthly rent jumped from $1,000 to $1,400 over four years, and then last year, his son was born, adding entirely new categories of expenses. Like a growing number of Americans, his credit-card debt now exceeds what he has in […]
SOC labor coalition accuses Starbucks of ‘flawed’ union strategy
A coalition of unions is laying out its case against Starbucks ahead of a proxy fight at its annual meeting in March, arguing the coffee giant has implemented a “flawed human capital management strategy” in response to a yearslong union movement. The Strategic Organizing Center claims the situation has put the company at reputational risk, […]
Japan’s Nikkei stock index briefly tops record high
Japan’s benchmark index continues to scale new peaks, rising briefly above the record closing high level reached at the height of the Japanese asset bubble in 1989. The Nikkei Stock Average JP:NIK was 1.7% higher at 38,924.88 for a brief moment on Thursday morning, topping the record closing high of 38,915.87 set on Dec. 29, […]
Ford, UAW reach local labor deal to avert strike at Kentucky plant
Ford Super Duty trucks are seen at the Kentucky Truck assembly plant in Louisville, Kentucky, on April 27, 2023. Joe White | Reuters Ford and a United Auto Workers local union, UAW Local 62, reached a tentative deal on Wednesday to avert a strike at the automaker’s most profitable plant. The UAW had threatened that […]
Boeing replaces head of troubled 737 Max program
A person walks past an unpainted Boeing 737-8 MAX parked at Renton Municipal Airport adjacent to Boeing’s factory in Renton, Washington on January 25, 2024. Jason Redmond | AFP | Getty Images Boeing is replacing the head of its 737 Max program less than two months after a panel blew out on one of the […]
10-, 30-year Treasury bond yields end at highest levels since November
Treasurys sold off on Wednesday, pushing long-term rates to their highest levels in almost three months, following a weak $16 billion sale of 20-year bonds and the release of minutes from the Federal Reserve’s January policy meeting. What happened The yield on the 2-year Treasury BX:TMUBMUSD02Y rose 4.3 basis points to 4.653%, from 4.610% on […]
Why Capital One is buying Discover in the biggest merger yet of 2024
Capital One CEO and Chairman, Richard Fairbank. Marvin Joseph| The Washington Post | Getty Images Capital One’s recently announced $35.3 billion acquisition of Discover Financial isn’t just about getting bigger — gaining “scale” in Wall Street-speak — it’s a bid to protect itself against a rising tide of fintech and regulatory threats. It’s a chess […]
