There's trouble looming for some stocks even as the market trades near record highs. The S & P 500 and Nasdaq Composite hit fresh record highs Wednesday after the latest consumer price index reading — a widely followed inflation gauge...
Check out the companies making headlines in midday trading. Oracle – Shares of the software maker surged more than 12% to an all-time high after database management company announced cloud deals with Google and OpenAI. Oracle said it would bring...
While challenges are mounting for consumers, Goldman Sachs still has some names that it sees as smart picks. Analyst Kate McShane said continued wage growth should support increases in disposable income. A key question is how much that translates into...
Stellantis CEO Carlos Tavares holds a news conference after meeting with unions, in Turin, Italy, March 31, 2022.Massimo Pinca | ReutersDETROIT – Since spearheading a merger to create Stellantis in 2021, CEO Carlos Tavares has been on a cost-cutting mission....
As consumers become more selective in their spending, restaurants and travel remain bright spots in consumer spending. American Express (AXP) is positioned to outperform its industry with a focus on premium customers who are continuing to spend in these categories....
Keith Gill, a Reddit user credited with inspiring GameStop's rally, during a YouTube livestream arranged on a laptop at the New York Stock Exchange on June 7, 2024.Michael Nagle | Bloomberg | Getty ImagesAs Roaring Kitty continues to watch his...
Jake Paul is launching a personal care brand geared toward men.Courtesy: WJake Paul is entering a new arena: skin care.The YouTube influencer turned-boxer announced on Wednesday the launch of "W," a skin care company targeted toward men.The personal care line,...
The consumer price index showed no increase in May as inflation slightly loosened its stubborn grip on the U.S. economy, the Labor Department reported Wednesday.CPI, a broad inflation gauge that measures a basket of goods and services costs across the...
Merchandise lines the shelves of a GameStop store on May 28, 2024 in Miami, Florida. Michael Nagle | Bloomberg | Getty ImagesGameStop raised more than $2 billion in a recent stock sale as the video game company took advantage of a...
A new home is marked sold at a subdivision called Pintail Commons by Landsea Homes in Johnstown, Colorado on June 10, 2024. RJ Sangosti | MediaNews Group | Denver Post | Getty ImagesMortgage rates dropped for much of last week, causing...
