The stock market
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Nvidia reports earnings, Fed gathers in Jackson Hole: What to know this week
Fed Chair Jerome Powell's speech and Nvidia's quarterly update are coming in the week ahead.
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US Futures Signal a Bounce After Three-Week Slump: Markets Wrap
(Bloomberg) -- US equity futures rose Monday, signaling a bounce for stocks on Wall Street after a bruising August so far for investors. Bonds were broadly weaker. Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Keep Piling...
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DuPont to sell majority stake in Delrin resins unit for about $1.6 billion
DuPont is expected to receive cash proceeds of about $1.25 billion and a note of $350 million after the deal's close, which is expected around the end of the year.
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Morgan Stanley Sees Mood on US Stocks Souring, Goldman Disagrees
(Bloomberg) -- Two of Wall Street’s top strategists are at odds about the outlook for US stocks following a three-week run of declines as debate rages over whether the economy can avoid a recession.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls...
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Yellow bankruptcy sparks bidding war, $1.5 billion bid submitted for trucking terminals
Yellow Trucking company filed for chapter 11 bankruptcy in early August and now companies are beginning to bid for the company's assets, which include 160 trucking terminals.
www.foxbusiness.com
Company Information
ir.odfl.com
HELPING THE WORLD KEEP PROMISES
Old Dominion Freight Line, Inc. is one of the largest North American less-than-truckload (“LTL”) motor carriers and provides regional, inter-regional and national LTL services through a single integrated, union-free organization.Now you can see how the value of the assets went up significantly.
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Global stocks extend comeback,US yields hit new peaks
Global stocks extended their comeback rally on Tuesday, while benchmark Treasury yields scaled 16-year highs on concerns that interest rates could stay higher for longer and the safe-haven dollar pulled back from recent 10-week highs.
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Nvidia shares rise as AI boom lifts hopes of another strong revenue forecast
Rising hopes of Nvidia's revenue target once again surpassing Wall Street estimates have fueled a 16.5% surge in shares over the past week. Wall Street expects Nvidia, which dominates the market for chips used to power generative AI like ChatGPT and many such services, to forecast 110% growth...
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Zoom earnings top estimates, but Wall Street analysts say questions remain
Zoom hypes AI. But is Wall Street truly impressed?
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Stocks open higher ahead of Nvidia earnings: Stock market news today
Stocks opened higher on Wednesday morning with investors bracing for results from Nvidia after the bell.
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Nasdaq futures rise as Nvidia sparks tech rally: Stock market news today
Stock futures tied to the Nasdaq popped after Nvidia's earnings smashed Wall Street's expectations.
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Cash is challenging stocks for the first time in 22 years: Morning Brief
Cash is challenging the stock market's earnings yield for the first time in 22 years, representing a major shift in the environment for investors.
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KKR’s Latest Bankruptcy Deal Is a Bad Omen for Lenders
(Bloomberg) -- As corporate failures surge this year, debt investors are in a fight to salvage as much money as they can from the wreckage. The early skirmishes are going very badly.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret...
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Stocks find positive footing after Powell delivers cautious message: Stock market news today
Stocks reversed lower Friday morning after Fed Chair Jerome Powell said the central bank is "prepared to raise rates further."
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Stocks Gain as Traders Assess Rates, China Support: Markets Wrap
(Bloomberg) -- US futures gained alongside European stocks as China’s latest measures to support its markets offset uncertainly about the outlook for interest rates following cautious comments from central bankers at Jackson Hole.Most Read from BloombergChina’s Worsening Economic Slowdown Is...
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Inflation and jobs data on tap as Fed's path remains in focus: What to know this week
The week ahead will bring a reading on inflation and several labor data points as the Fed's path forward remains in focus.
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Stocks climb after job openings fall to lowest since March 2021: Stock market news today
Investors are sifting through fresh economic data as the debate over recession continues
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But................
finance.yahoo.com
US consumer confidence fell more than expected in August after two straight monthly increases amid renewed concerns about inflation, a survey showed on Tuesday.
The Conference Board said its consumer confidence index dropped to 106.1 this month from a downwardly revised 114.0 in July. Economists polled by Reuters had forecast the index retreating to 116.0 from the previously reported 117.0. The decline erased the back-to-back increases in June and July.
"Write-in responses showed that consumers were once again preoccupied with rising prices in general, and for groceries and gasoline in particular," said Dana Peterson, chief economist at The Conference Board in Washington. "The pullback in consumer confidence was evident across all age groups, and most notable among consumers with household incomes of $100,000 or more, as well as those earning less than $50,000."
Consumers' 12-month inflation expectations rose to 5.8% from 5.7% last month.
US consumer confidence drops in August on inflation worries
US consumer confidence fell more than expected in August after two straight monthly increases amid renewed concerns about inflation, a survey showed on Tuesday.
US consumer confidence fell more than expected in August after two straight monthly increases amid renewed concerns about inflation, a survey showed on Tuesday.
The Conference Board said its consumer confidence index dropped to 106.1 this month from a downwardly revised 114.0 in July. Economists polled by Reuters had forecast the index retreating to 116.0 from the previously reported 117.0. The decline erased the back-to-back increases in June and July.
"Write-in responses showed that consumers were once again preoccupied with rising prices in general, and for groceries and gasoline in particular," said Dana Peterson, chief economist at The Conference Board in Washington. "The pullback in consumer confidence was evident across all age groups, and most notable among consumers with household incomes of $100,000 or more, as well as those earning less than $50,000."
Consumers' 12-month inflation expectations rose to 5.8% from 5.7% last month.
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Biden Administration targets drugs from J&J, Merck for controversial Medicare price negotiations
The Biden administration revealed the first 10 drugs that will face the Medicare negotiation process under the Inflation Reduction Act.
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