U.S. stocks opened lower on Monday as the selloff on Wall Street continued following Friday’s 1,000-point drop in the Dow Jones Industrial Average. The Dow Jones Industrial Average DJIA, -0.76% Read more
Tag: continues
These stocks may outpace the S&P 500 if inflation continues to slow
This week’s report of lower-than-expected inflation was a reminder that your portfolio shouldn’t only include stocks that thrive in environments of rising consumer prices. It was in March, five months Read more
Palantir stock slide continues as earnings create ‘diminished confidence’
Shares of Palantir Technologies Inc. were extending their slide in Tuesday trading as analysts weighed in on the software company’s weaker-than-expected forecast. Palantir PLTR, -6.77% executives acknowledged in a Monday Read more
Amazon to buy Roomba maker iRobot as ‘discount shopping’ spree continues
Just weeks after announcing its plans to buy the operator of One Medical health clinics, Amazon.com Inc. said it would be making another deal, this time for Roomba maker iRobot Read more
Experts question CDC guidelines on isolation after testing positive for COVID as Biden continues to work remotely
President Joe Biden is expected to continue to work from his office Tuesday as he isolates for at least five days in accordance with Centers for Disease Control and Prevention Read more
Comcast stock slide continues as subscriber pressures send some analysts packing
Shares of Comcast Corp. were extending their decline Friday, falling 5% in morning trading after dropping 9% in Thursday’s session. Comcast CMCSA, -7.17% on Thursday posted better-than-expected earnings and revenue Read more
Chicago PMI continues to soften in July, falls to lowest level in almost two years
The Chicago Business Barometer, also known as the Chicago PMI, fell to 52.1in July from 56 in the prior month. It is the lowest reading since August 2020. Economists polled Read more
‘Purchase demand continues to tumble’: Mortgage rates fluctuate, fall slightly on the back of the Fed’s rate hike
The 30-year fixed-rate mortgage averaged 5.3% for the week ending July 28, according to data released by Freddie Mac on Thursday. That’s down 24 basis points from the previous week Read more
U.S. leads the world in new COVID cases as BA.5 continues to spread and illustrate that the pandemic is far from over
U.S. COVID cases and hospitalizations are rising again and are now trending at the highest levels seen this summer, as the BA.5 omicron subvariant becomes dominant. BA.5 is understood to Read more
Boston Beer slashes earnings forecast as the downfall of hard seltzer continues
Boston Beer Inc. executives slashed their annual earnings forecast Thursday, admitting that demand for hard seltzer continued to fizzle below their expectations. Boston Beer SAM, +0.39% reported second-quarter earnings lower Read more