Bank woes in commercial real estate could ease with rate cuts, says Moody’s
A resilient economy and increased lending by others could help heal the market Source link...
MARKET
Micron’s stock falls after earnings as revenue forecast fails to pack big upside
Investors may have wanted to see more upside given the recent move higher in Micron shares. Source link...
Levi’s sales miss expectations, and jeans maker forecasts higher costs for marketing and logistics
Levi Strauss & Co. stuck with its full-year sales outlook, helped by demand for new denim and women’s clothing, but the jeans maker’s quarterly sales just missed expectations, and it said it expected higher costs from marketing and a change...
Vaccine makers’ stocks fall as CDC advisers shift RSV-shot recommendations
Shares of vaccine makers Pfizer, GSK and Moderna dropped Wednesday as advisers to the Centers for Disease Control and Prevention shifted their recommendations for who should be vaccinated against respiratory syncytial virus. Source link...
GameStop’s trading volume slips to lowest level since early May
GameStop Corp.’s trading volume fell to its lowest level in nearly eight weeks on Wednesday as the dust continues to settle after the recent meme-stock frenzy. Source link...
Hardship withdrawals from 401(k) plans rocket nearly 40% — as savers fight to save their homes
Vanguard data casts a shadow on the economy Source link...
Most-active gold futures mark lowest settlement since early May
Gold futures tallied back-to-back losses on Wednesday, sending the most-active contract to its lowest finish in more than seven weeks, as prices on the spot market dipped below a key technical level of $2,300 an ounce. Source link...
Amazon crosses above $2 trillion market cap as only fifth U.S. company to do so
After all the recent attention on Nvidia’s market-capitalization milestones, now it could be Amazon’s time to shine. Source link...
Southwest Airlines’ stock reverses losses to trade higher after company cuts revenue guidance
Southwest Airlines Co.’s stock tumbled 10% premarket Wednesday, after the carrier lowered its second-quarter revenue guidance in a dynamic environment. Source link...
You think your 401(k) looks bad? These people are doing worse — don’t be one of them.
Retirement may be out of reach for the average person lacking financial education and resources. Source link...
