Category: United States

Options contracts tied to more than $ 5 trillion worth of stocks, exchange-traded funds and indexes are set to expire on Friday as the latest “triple witching” expiration event collides with the rebalancing of the S&P 500 and Nasdaq-100. The result could be a high-octane, and potentially extremely volatile, session where tens of billions of […]

Few industries have been affected by the COVID pandemic and its aftermath like commercial real estate. Inflation, rising interest rates and the persistence of work-from-home arrangements have battered the sector, and U.S. financial regulators are keeping a close eye on the industry, given that commercial real estate loans are widely held by banks, insurance companies […]

Gold futures climbed by more than 2% on Thursday, posting their biggest one-day gain since October and lifting prices closer to record highs in one fell swoop after the Federal Reserve signaled three interest-rate cuts for next year. Gold for February delivery GC00, +2.45% GCG24, +2.45% climbed $ 47.60, or 2.4%, to settle at $ […]

Oil prices shot higher on Thursday, adding to their gains from Wednesday’s session as a weaker U.S. dollar helped boost commodity prices. Price action West Texas Intermediate crude for January CL00, +3.58% CL.1, +3.58% gained $ 2.54, or 3.7%, to $ 71.01 a barrel on the New York Mercantile Exchange. February Brent crude BRN00, +3.51% […]

Kudos to Fundstrat’s ever-bullish Tom Lee, one of the few to correctly predict Wednesday’s dovish turn from the Federal Reserve that has unleashed bond and stock bulls. As Lee said on X: “Powell no longer invoking Volcker— risk-on,” in reference to the ex-Fed chief who fought inflation so hard he triggered a recession. The memes […]

As the automotive industry expands its offering of electrified models, more renters and homeowners are adopting electric vehicles and plug-in hybrids for daily commutes. While there are many benefits to choosing an EV, transitioning from gas-powered cars is often easier for homeowners who can install chargers or easily access electrical outlets. Renters — and owners […]

Federal Reserve Chairman Jerome Powell startled economists with a press conference Wednesday that was viewed as much more dovish than expected. It was “12 doves a-leaping,” said Michael Feroli, U.S. economist at JPMorgan Chase. “The Fed can’t believe its luck. The data is going their way,” said Krishna Guha, vice chairman of Evercore ISI. The […]

Chinese property giant Country Garden 2007, +2.60% will sell a stake in a commercial center operator for about US$ 428 million, using the proceeds to help restructure offshore debt. The indebted developer said Thursday that a group subsidiary will sell its entire 1.79% stake in Zhuhai Wanda Commercial Management Group for 3.07 billion yuan (US$ […]

Cruise, the troubled autonomous-vehicle unit of General Motors, has dismissed nine “key leaders” in the wake of an October crash in San Francisco that left a pedestrian critically injured. Among those departing the company are its legal, government affairs, commercial operations, and safety and systems leaders, Cruise said in a statement Wednesday. “As a company, […]

The Dow Jones Industrial Average scored both an intraday high and a record close on Wednesday after the Federal Reserve signaled a pivot to rate cuts was likely in 2024. The Dow DJIA went up 512.30 points, or 1.4%, to close at 37,090.24, marking the first time the index has risen above 37,000 intraday, according […]

Bonds issued by Paramount Global Inc. have seen significant spread tightening — and higher prices — in strong volume in recent weeks, amid reports that Chairwoman Shari Redstone is in talks on selling a controlling stake in the company. Holders of the bonds could cash out handsomely if there’s a change of control and the […]

Capital waiting to be deployed, or so-called dry powder, rose 8% to a record $ 2.59 trillion in the past year, S&P said Tuesday. S&P said the mountain of unused capital in the industry comes after a slow year in dealmaking “with limited opportunities” for firms that have raised money from investors in recent years. […]

LifeMD Inc.’s stock soared 12% early Wednesday, after the virtual primary care provider said it’s teaming up with Medifast Inc. MED, +1.03% to create a clinically supported weight management program that will include the new class of weight-loss drugs called GLP-1 receptor agonists. Baltimore-based Medifast is a wellness company known for its habit-based and coach-guided lifestyle […]

U.S. stock futures were inching to fresh 2023 highs early Wednesday, ahead of the Federal Reserve’s policy decision, forecasts and commentary later in the session. How are stock-index futures trading S&P 500 futures ES00, +0.13% added 51 points, or 0.1%, to 37018 Dow Jones Industrial Average futures YM00, +0.12% rose 6 points, or 0.1%, to […]

It’s game over for E3. In a tweet Tuesday, the trade group that ran the once-blockbuster annual videogame conference said it was permanently pulling the plug on the Electronic Entertainment Expo. “The time has come to say goodbye,” the Entertainment Software Association said, adding “GGWP,” gamer slang for “good game, well played.” The first E3 […]

“A once-in-a-generation baseball player signs a once-in-a-generation subpar contract.” Sports fans were anxiously waiting to hear where Shohei Ohtani, the once-in-a-generation two-way baseball superstar, would sign his next contract, now that he had served his time with the hapless Los Angeles Angels. (During his six years with the Angels, they won 46% of their games […]

TOKYO — Sentiment among large Japanese manufacturers rose to the highest level since March 2022 during the three months to December, supported by a sharp recovery in the auto sector. The main index for sentiment among large manufacturers was +12, compared with +9 in September, according to the Bank of Japan’s quarterly Tankan corporate survey […]

U.S. stocks closed at fresh 2023 highs on Tuesday, as investors wait for the Federal Reserve’s interest rate announcement Wednesday and hope the latest inflation data doesn’t crimp optimism around rate cuts. How stocks traded The Dow Jones Industrial Average DJIA rose 173.01 points or 0.5% to close at 36,577.94, its third highest close in […]

The rate of inflation may be slowing, but more than two-thirds of older adults have seen their monthly budget for essential items such as housing, food and prescription drugs rise 10% from a year ago. The data from the Senior Citizens League, a think tank that advocates for seniors, show that the goods and services […]

Oil prices traded lower on Tuesday, with U.S. prices slipping back below $ 70 a barrel. Concerns over the outlook for oil demand, as well as rising oil production from non-OPEC countries such as the U.S., continue to weigh on prices. U.S. inflation data, meanwhile, showed only a slight climb in November, with analysts noting […]