Corporate America is flush with cash and buying back a near record amount of stock this year. President Biden wants to increase the taxes on those buybacks. Biden will reportedly propose in his State of the … Read more
AMD has released its fourth-quarter earnings and the results have beaten Wall Street’s expectations for sales and profit. Despite the positive results, the company has guided analysts to a 10% decline in year-over-year sales in … Read more
On Tuesday, the Dow Jones Industrial Average struggled to maintain its early 2023 momentum as investors weighed the latest earnings results. The blue-chip index, which is a stock market index that tracks 30 of the … Read more
Disney (DIS) shocked the business world late Sunday night when the company announced former longtime CEO Bob Iger would return in the same role, effective immediately. Iger replaces Bob Chapek, who took over the CEO reins from … Read more
Target missed the bullseye by a wide margin in the third quarter as the discount retailer felt the brunt of a consumer spending slowdown in more discretionary merchandise. “In the latter weeks of the quarter, … Read more
U.S. stocks sank lower early Thursday as Wall Street reeled from assertions by Federal Reserve Chair Jerome Powell that hopes for a policy pivot were “premature” after the central bank delivered a fourth consecutive interest rate … Read more
Bitcoin miner Core Scientific (CORZ) and Argo Blockchain (ARBK) were downgraded from buy to neutral by Wall Street investment bank DA Davison as crypto winter continues to weigh heavily on the profitability of the miners, … Read more
U.S. stocks fell on Wednesday, giving back some of its sharp gains from the last two sessions as Treasury yield rose. The Dow Jones Industrial Average declined 363 points, or 1.2%. The S&P 500 and … Read more
Stocks fell Friday as Wall Street headed toward a big losing week, and traders absorbed an ugly earnings warning from FedEx about the global economy. The Dow Jones Industrial Average dropped 335 points, or 1.1%. … Read more
Stock futures rose Monday as Wall Street looks ahead to key inflation data to be released this week. Dow Jones Industrial Average futures were up 54 points, or 0.2%. S&P 500 futures were up 0.4%, … Read more
