For President Joe Biden, tapping the Strategic Petroleum Reserve to lower gasoline prices RB00, -1.02% —along with pardons for federal marijuana possession convictions and forgiving student debt—was a key midterm election strategy. He Read more
Tag: Markets
AMC stock tumbles after reporting 12th consecutive quarterly loss
AMC Entertainment Holdings Inc. reported its 12th consecutive quarterly loss and revenue that topped analysts’ estimates after market close on Tuesday, sending shares lower in after-hours trading. The movie-theater chain Read more
Lyft loses $1.1 billion in market value as stock plunges to all-time low after analyst downgrades
Analysts hailed Uber Technologies Inc. as their ride-sharing preference Tuesday as Lyft Inc. posted quarterly results that indicated it was feeling some pressure from its larger rival, sending Lyft’s shares Read more
Opinion: Quality and high dividends set these five semiconductor stocks apart from rivals
It’s been a tough year in the stock market, but reserve some empathy for semiconductor investors. The iShares Semiconductor ETF SOXX, +2.20% is down 40.5% this year, compared with 19.6% Read more
Debt-ceiling showdown could shake up markets after midterm-election results, analysts say
The results won’t be clear until Tuesday night or possibly for days, but the U.S. midterm-election outcome is poised to be a significant event for financial markets. With Republicans favored Read more
Home builders struggle to find buyers as cancellations by developers rise: ‘The build-for-rent market is going to become increasingly important’
It’s a tough time to be selling a home. That’s also true for home builders, who are seeing canceled orders and dwindling interest among would-be buyers. “Mortgage applications have been Read more
Is the job market still thriving? What unemployment numbers mean for you, and where the opportunities are.
This article is reprinted by permission from NerdWallet. A slight uptick in unemployment in October is the one blemish on an otherwise strong employment picture for workers, according to data Read more
Carrefour aims for higher free cash flow as it sets out midterm focus on core markets, cost savings
Carrefour SA on Tuesday set out a plan to step up investment and maintain annual share buybacks from higher earnings, helped by increased cost savings over the coming years. The Read more
‘There’s no doubt the housing market received a significant shock’: U.K. house prices fall further
U.K. house prices fell at its fastest rate in October in 21 months, after mortgage rates soared in reaction to the ill-fated mini budget. According to the latest data from Read more
Disney overtook Netflix as the streaming leader, and is expected to widen the lead
Walt Disney Co. displaced Netflix Inc. as king of the video-streaming market, and it is expected to widen the gap. Disney DIS, +0.33% seized the mantle three months ago as Read more