Corporate / Industrial News

Why the Dow finally bounced — and what it will take to prove it’s for real

A little pre-summer cheer finally filtered its way into the stock market the week before Memorial Day, but it will likely take more than the Dow Jones Industrial Average’s first winning week since late March to convince rattled investors that the pain is in the past. What happened? Real, or inflation-adjusted, interest rates fell over …

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Dollar General turns away activists and workers from shareholder meeting after they arrived late and USDA offers to help states access more baby-formula brands for low-income families

Hi, MarketWatchers. Don’t miss these top stories. Dear college grads: I used to think networking was tacky. Now I know it’s the most valuable thing you can do Networking feels a little unfair. But at the core it’s about helping others. Read More ‘You saw us coming’: Dollar General turns away activists and workers from …

Dollar General turns away activists and workers from shareholder meeting after they arrived late and USDA offers to help states access more baby-formula brands for low-income families Read More »

Apple stock dips after report says company won’t increase iPhone production this year, but analyst sees a silver lining

Shares of Apple Inc. were falling more than 1% in premarket trading Thursday after a report indicated that the company planned to keep its iPhone production levels roughly steady relative to a year ago, but an analyst said that investors shouldn’t sweat such a move. Bloomberg News reported Thursday morning that Apple AAPL, -1.09% Intended …

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Facebook and Apple are at war, with the biggest battle still on the horizon

Apple Inc. debuted a national advertising campaign on data privacy last week, a day after Facebook parent company Meta Platforms Inc. shared a quarterly update on how it has ratcheted up security for its members. Admittedly, not headline-screaming stuff for two companies that relentlessly discuss privacy and security. But there is an underlying message to …

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Lyft cutting hiring, costs as its stock nears all-time low

Lyft Inc. is slowing hiring, cutting budgets and taking other actions as its stock lost another 17% on Tuesday, reaching a 52-week closing low and hovering near its all-time low. Lyft LYFT, -17.27% President John Zimmer informed employees about the moves Tuesday afternoon, company spokeswoman Jodi Seth confirmed. They include giving “eligible employees a special …

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Fannie Mae chief economist says the US housing market has finally turned a corner and temporary child tax credits contributed to Americans’ financial security in 2021

Hi, MarketWatchers. Don’t miss these top stories. The good news: Americans’ financial security soared last year. The bad news: That may be due to this lucrative, but temporary tax break The share of Americans who said they were able to cover $ 400 in emergency expenses, using cash or its equivalents, reached a 9-year-high. Read …

Fannie Mae chief economist says the US housing market has finally turned a corner and temporary child tax credits contributed to Americans’ financial security in 2021 Read More »

Zoom stock walks back initial surge following earnings beat, improved profit forecast

Zoom Video Communications Inc. shares rose in the extended session Monday, walking back a big initial jump when the videoconferencing company topped Wall Street’s earnings expectations and said it expects to be more profitable this year than it had initially expected. Zoom ZM, -0.46% shares closed the after-hours session up 5%, following an initial 20% …

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Bank of America is raising its hourly minimum wage to $ 22 – here’s how many people don’t even come close to pay like that

Bank of America workers are getting a pay bump at the end of June when minimum wages climb to $ 22 as part of the major bank’s longstanding plan to get its starting rate to $ 25 by 2025. It’s good news for the bank’s workers at a time when inflation keeps increasing the cost …

Bank of America is raising its hourly minimum wage to $ 22 – here’s how many people don’t even come close to pay like that Read More »

BlackRock just cut developed-market stocks to ‘neutral’. Here’s why.

Researchers at BlackRock, the world’s largest asset manager, have turned neutral on developed-market stocks like those of the US and say they see no catalyst for a sustained rebound in assets perceived as risky right now. The comments, contained in a note Monday from the BlackRock Investment Institute, came as all three major US stock …

BlackRock just cut developed-market stocks to ‘neutral’. Here’s why. Read More »