Economic Digest News
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- Ackman’s Pershing Square USA says IPO is still happening, despite NYSE delay noticeby Bill Peters on July 26, 2024 at 11:30 pm
The timeline for the initial public offering of billionaire investor Bill Ackman’s new investment fund Pershing Square USA appeared to get a bit hazier on Friday, according to the New York Stock […]
- S&P 500’s turbulent week ends with stocks rallying after inflation reportby Christine Idzelis on July 26, 2024 at 11:00 pm
U.S. stocks rebounded Friday after a turbulent week for the S&P 500.
- Why CrowdStrike is likely shielded from billions in customer losses caused by its outageby Therese Poletti on July 26, 2024 at 9:05 pm
The outage is believed to have caused $5.4 billion in losses for big enterprises — but various factors help insulate the cybersecurity company.
- Some of the most popular trades of 2024 are coming undone after reaching ‘stupid’ levelsby Joseph Adinolfi on July 26, 2024 at 8:55 pm
The selloff in U.S. semiconductor and megacap stocks has sucked up most of investors’ attention over the past couple of weeks. But they aren’t the only momentum trades that have stopped working.
- Why Charter’s stock had its best day on record after its earnings reportby Emily Bary on July 26, 2024 at 8:44 pm
Charter lost fewer internet subscribers than expected in the second quarter, though subscriber losses in its video business were steeper than what analysts were modeling.
- 3M’s stock has its best day on record as upbeat outlook underscores fresh startby Tomi Kilgore on July 26, 2024 at 8:37 pm
The maker of Post-it Notes, Scotch tape and Command strips beat second-quarter earnings expectations and raised its full-year outlook.
- Why Zelle scams worry lawmakers so much — and how they could hurt youby Zoe Han on July 26, 2024 at 8:33 pm
Victims of Zelle fraud are entitled to more reimbursement than they’re getting, lawmakers say.
- 2-year Treasury yield ends at more than 5-month low after PCE inflation databy Vivien Lou Chen on July 26, 2024 at 7:49 pm
U.S. government debt rallied on Friday, pushing yields broadly lower, after the Federal Reserve’s preferred inflation gauge left expectations in place for the first interest-rate cut to arrive in […]
- Paris Olympics offer a reset for sponsors after years of troubled gamesby James Rogers on July 26, 2024 at 7:33 pm
The Paris Summer Olympics could mark a reset for major sponsors after years of games held against the backdrop of geopolitical issues and the COVID-19 pandemic, according to branding expert Jim […]
- Oil falls for the week on Gaza cease-fire hopes, economic weakness in Chinaby Myra P. Saefong on July 26, 2024 at 7:28 pm
Oil settled lower on Friday and ended at a loss for the week, with prices weighed down by expectations of a Gaza cease-fire deal that would ease global supply concerns.
- European stocks open lower after weak Wall Street finish, computer outagesby Steve Goldstein on July 19, 2024 at 7:08 am
- Wholesale inventories in U.S. rise 0.1% in Aprilby Jeffry Bartash on June 7, 2024 at 2:14 pm
- Hibbett shares fall as Q1 sales miss analysts’ estimateby James Rogers on June 5, 2024 at 11:34 am
- Business inventories drop 0.1% in Marchby Jeffry Bartash on May 15, 2024 at 2:13 pm
- OPEC leaves forecast for demand-growth unchangedby William Watts on May 14, 2024 at 11:03 am
- Monster Beverage’s stock up 1.4% after company announces Dutch auction tender offer for up to $3...by Ciara Linnane on May 8, 2024 at 12:12 pm
- Cigna’s stock jumps 2.7% after earnings beat estimates and company raises guidanceby Ciara Linnane on May 2, 2024 at 10:14 am
- Dropbox says cybersecurity incident is unlikely to have a material impact on operationsby Jon Swartz on May 1, 2024 at 9:58 pm
- Herbalife shares jump after company raises adjusted profit forecastby Bill Peters on May 1, 2024 at 8:57 pm
- Paramount says CEO Bob Bakish is stepping down, forms new office to ‘streamline operations’by Bill Peters on April 29, 2024 at 8:11 pm