Home sales may collapse in 2023. These cities may see the worst.
Home sellers should brace for a tough year ahead, with one property group predicting property sales could collapse in 2023 as more buyers are put off by rising mortgage rates…
Electric car charging stocks post big loss, earnings nearly double
ChargePoint (CHPT) reported a bigger-than-expected third-quarter loss late Thursday and narrowed its revenue guidance, as accelerating global adoption of electric vehicles will boost demand for charging. Shares of CHPT fell…
WSJ Exclusive News | Disney’s proposal to restructure, advised by McKinsey, caused an uproar from creative executives
LOS ANGELES- Walt Disney Co. DIS 0.74% works with the consulting firm McKinsey & Co. in recent months in an effort to centralize control over big spending decisions, which has…
Costco sales update hits stock. Strong grocery sales weren’t enough.
Availability in Costco fell Thursday as its same-store sales missed expectations, a rare slip for the warehouse club owner that underscored how strong grocery sales weren’t enough to offset weakness…
Costco shares fell 6% as Oppenheimer removed it from its top picks list after disappointing sales in November
Shares of Costco Wholesale Corp PRICE, -6.55% fell 6% on Thursday after an update on November sales, with Oppenheimer analysts worried that the figures showed trends had weakened “significantly” during…
Stock Market News Live Updates: Stocks fall despite weaker reading on key Fed inflation gauge
U.S. stocks edged lower on Thursday in an inauspicious start to December as recession fears appeared to outweigh weakening inflation and signals of a slower pace and rate of interest…
US core PCE prices rise less than forecast; Expenditure profits
(Bloomberg) — A key gauge of U.S. consumer prices posted the second-smallest increase this year as spending accelerated, offering hope that the Federal Reserve’s interest rate hikes are cooling inflation…
Credit Suisse shares in worst performance since 1989 as losses deepen
(Bloomberg) — Credit Suisse Group AG’s losing streak pushed shares closer to the price the Swiss lender is offering shareholders in a crucial capital raise, indicating investors don’t see much…
Futures: Inflation data after S&P 500 jumps above 200 days
Dow Jones futures fell slightly Thursday morning, along with S&P 500 futures and Nasdaq futures. Salesforce.com reported overnight earnings, but investors’ focus will be on Thursday’s PCE inflation report after…
China Stocks Rally Covid, Powell; Dollar Slides: An Overview of the Markets
(Bloomberg) — Stocks extended gains in Asia after China appeared to soften its stance on Covid and Federal Reserve Chairman Jerome Powell signaled a slowdown in the pace of interest…