U.S. stocks rallied Thursday as investors digested the release of gross domestic product data and another round of corporate earnings. The S&P 500 (^GSPC) increased by 1.1%, while the Dow Jones Industrial Average (^DJI) added by 0.6%. The technology-heavy Nasdaq Composite (^IXIC) rose by roughly 1.8%, led by a more […]

Carvana (CVNA) shares spiraled Wednesday after the online car retailer’s biggest creditors reportedly signed an agreement to cooperate in potential restructuring negotiations as the company faces growing bankruptcy risk. The company’s stock plunged nearly 43% on Wednesday. Bloomberg News, citing people familiar with the matter, reported Tuesday that a group […]

The Federal Reserve building in Washington, DC, in January. (Joshua Roberts/Reuters) American workers are still taking home pretty big paychecks. That sounds like good economic news. But don’t tell that to Wall Street. The 5.1% increase in year-over-year hourly earnings that the government reported in Friday’s jobs report is a concern for investors — […]

Wall Street seems to love this comeback story. Disney (DIS) stock soared early Monday, rising as much as 9% in early trading, after the media giant announced that former CEO Bob Iger will return to lead the company as its chief executive officer, effective immediately. Iger replaces Bob Chapek, who […]

U.S. stocks extended this week’s dramatic ascent on Friday after deceleration in CPI inflation data ignited the most intense rally on Wall Street since early 2020. The S&P 500 (^GSPC) rose 0.9%, notching its biggest winning week since June, while the technology-heavy Nasdaq Composite (^IXIC) gained 1.9%. The Dow Jones […]

Meta (META) shares plunged more than 22% on Thursday morning after the Facebook parent reported the prior day that its revenue declined last quarter and missed analysts’ expectations. The bad news comes as the social media giant pushes harder into the metaverse, the 3-D virtual world that inspired the company’s […]

SAN FRANCISCO, October 25, 2022–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.30 per share, payable Dec. 1, 2022, to stockholders of record on Nov. 4, 2022, as approved today by the Wells Fargo board of directors. This press release features multimedia. View […]

Boeing stock (BA) has been like a wounded bird this year amid recession fears, but an analyst at CFRA argues that it could be poised for liftoff. Shares of the airplane manufacturer have tanked 34% year to date, badly lagging the Dow Jones Industrial Average’s (^DJI) 17% drop. The Street […]

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