Stocks

The Thanksgiving holiday creates some changes in trading days and hours for both the stock and bond markets heading into the start of the 2024 holiday season.

Elevated interest rates, a shift to spending on services from goods and a resumption in student loan repayments have further strained appetite for electronics and home-office products.

Updated inventories and trendy logoless basics and jackets have allowed the company to rein in promotions and markdowns from a year ago, when it was dealing with softer consumer demand.

Lowe's saw a "greater-than-expected pullback in DIY discretionary spending, particularly in bigger ticket categories" in the third quarter, CEO Marvin Ellison said.

The results come after retail bellwether Walmart last week took a cautious stance going into the holiday shopping season, which is expected to grow at the slowest pace in five years.

Chipmaker Nvidia has been leading the AI charge this year, driving shares to a new record up 242% YTD and leaving little room for disappointment in its upcoming earnings report.

Nvidia investors are celebrating a winning streak for the stock as the chipmaker continues to dominate the race to own artificial intelligence with its own chips as well as developing strategic collaborations.

Subaru will raise the wages and benefits of its U.S. plant workers in light of the new labor deals finalized by the Detroit Three automakers, the Japanese automaker's CEO said Thursday.

Bath & Body Works on Thursday lowered its annual sales forecast on signs of slowing demand ahead of the crucial holiday season, as customers cut back spending on non-essential items.

Walmart said shoppers slowed purchases at the end of October, in contrast to spending patterns earlier in the quarter, echoing comments from other retailers that have seen sales ebb.

The company expects to deliver $120 to $140 million of annualized operating expense savings and a $70 to $80 million capital expenditure reduction in 2026 relative to 2023 levels.

Investors snapped up U.S. stocks in a broad rally after the latest inflation data signaled the Federal Reserve may be close or even done with hiking interest rates.

Americans put big renovations and discretionary home-improvement projects on the back burner as they battle high food prices as higher interest rates continue to weigh.

Former New York Stock Exchange President Tom Farley is among three suitors vying to buy the remnants of FTX, as the auction for the collapsed crypto exchange reaches its final stages.

Robinhood Markets reported quarterly results and said it missed Wall Street estimates for third-quarter revenue, weighed by a slowdown in trading activity.

San Francisco-based ride-hailing company Uber Technologies on Tuesday forecast fourth-quarter gross bookings and adjusted core profit above market expectations.

Walt Disney announced Monday it is bringing on former PepsiCo executive Hugh Johnston as the company’s new senior executive vice president and chief financial officer beginning on Dec. 4.

Berkshire Hathaway reported a bigger loss in Q3 2023 than in the same quarter of 2022, but Warren Buffett argued that investors should judge the company on its operating earnings.

Sales of the company's coronavirus vaccine Comirnaty dropped 70% during the third quarter compared with the same period a year earlier, Pfizer reported on Tuesday.

Investors are preparing for another busy week of earnings, including McDonald's and Apple, as well as ADP's private employer jobs report and the government's jobs data for October.