Stocks

The price of oil is nearing $94 per barrel after the Energy Information Administration reported a larger-than-expected draw on inventories of over 2.1 million, jolting the crude market.

Inflation and rising interest rates are costing consumers and spooking markets, creating further headwinds for the U.S. economy just as the 2024 season election kicks into gear.

The flurry of new offerings would bring the total of ETF launches this month to 57, a record for this year and handily beating the 53 that arrived on the market in September 2022

The UAW strike against Detroit's Big Three continues, plus earnings from Nike, Costco, CarMax and Carnival Corp. are on tap. And FOX Business Network hosts the Republican debate.

While the Federal Reserve has been busy battling inflation, a new crop of headwinds have emerged that could spell trouble for the U.S. economy

Kraft Heinz is recalling 83,800 cases of Kraft Singles American Pasteurized Prepared Cheese slices and 3-pound multipacks of Kraft Singles over a potential choking hazard.

Wall Street is shopping the Instacart IPO, driving shares higher on the first day of trading — a positive sign for thawing capital markets, which also got a boost from Arm's debut last week.

Blackstone CEO Steve Schwarzman joined the firm's employees in celebrating a a prestigious milestone for the private equity giant.

Shares of Rocket Lab fell on Tuesday after the aerospace manufacturer announced it experienced an issue with its Electron rocket during its latest launch.

The price of WTI and Brent crude oil continues to rise as Wall Street traders eye a deeper supply deficit in the fourth quarter after Saudi Arabia and Russia extended supply cuts.

Novo Nordisk, a pharmaceutical company, experienced a decline in its stock prices following a report by financial news agency MarketWire.

Investors will be closely watching the Federal Reserve's decision on interest rates, as well as the ongoing UAW strike against Ford, GM and Stellantis in the coming week.

Planet Fitness said on Friday it is replacing chief executive Chris Rondeau replacing him with board member and former New Hampshire Gov. Craig Benson.

Instacart controls about 22% of the $132 billion U.S. online grocery-delivery market, according to Evercore. The company said it had 5.1 million users as of June 2023.

The price of oil hit $90 per barrel as crude supply tighten amid oil production cuts from Saudi Arabia and Russia, creating a new headline in the fight to bring down inflation.

Berkshire Hathaway recently pared its stake in HP Inc. by several million shares, a SEC filing showed Wednesday. Its holdings of HP Inc now stand at 115.45 million shares.

Arm Holdings, owned by SoftBank, made its debut on Wall Street on Thursday, after pricing its initial public offering at $51 per share at a valuation of $54 billion in high demand.

Global debt provides another negative for an already stretched equity multiple, JPMorgan says. Inflation ticked up again in August, putting more pressure on equities.

Birkenstock is heading for an initial public offering, with the company revealing its plans in a Tuesday filing with the Securities and Exchange Commission.

J.M. Smucker will buy Hostess Brands in a deal valued at $5.6 billion. Smucker said the acquisition is expected to close in the third quarter of its current fiscal year.