Stocks

Analysts at the Telsey Advisory Group downgraded Lowe’s and Home Depot stock amid a housing market that is weakened by falling home sales and mortgage increases.

UPS, fresh off a tough row with the Teamsters, cut its financial outlook for 2023 after tense labor negotiations impacted costs for the delivery giant, the company disclosed.

Despite admitting to a dip in smartphone demand during last week’s earnings call, Apple is now just weeks away from unveiling the iPhone 15.

Campbell Soup announced Monday it will buy Sovos Brands for $2.7 billion, or $23 per share. Sovos's portfolio includes Rao's pasta sauce and Michael Angelo's frozen meals.

Two key reports on inflation, the CPI and PPI, are due this week as are a host of quarterly earnings, including Disney, Tyson Foods, Beyond Meat, Rivian and UPS.

Alphabet significantly trimmed the number of Robinhood Markets shares it owns, bringing the total down to around 612,000. It represented a roughly 87.6% reduction.

In July, the unanimous decision by the Fed to raise interest rates put the key benchmark federal funds rate at a range of 5.25% to 5.5%, further restricting economic activity.

AMD has an opportunity to build AI solutions for customers in China and is working in that direction, company president and CEO Lisa Su said in a company earnings call on Tuesday.

Sales of Ford vehicles were 5.9% higher this July than last amid rising demand for hybrids and pickups, while electric vehicle sales fell 18%, the automaker said Wednesday.

Ford’s Rouge Electric Vehicle Center is up after a six-week break in production to expand and retool the plant for increased manufacturing capacity of the F-150 Lightning.

Uber forecasted third-quarter operating profit above Wall Street’s predictions on expectations of growing travel demand and a return to in-office work, the rideshare company said on Tuesday.

Intel reported second-quarter earnings on Thursday, and showed a return to profitability after two straight quarters of losses.

Microsoft is under fire from European Union antitrust investigators over the software company’s bundling of its chat and video app Teams with its Office product.

The Dow Jones Industrial Average wrapped a 13-day winning streak, a run not seen since 1987, after Federal Reserve hiked interest rates to a 22-year high.

Samsung Electronics released its latest foldable smartphone on Wednesday, at roughly the same price for the third year in a row as the company takes another swipe at Apple.

Boeing is increasing production of its popular 737 Max jet as travelers return to the skies and carriers respond by growing their fleets, the plane-maker said.

Former Sen. Kelly Loeffler is joining the board of directors of a growing network of businesses bucking the corporate trend toward left-wing advocacy.

Lyft said Monday it might sell or find a strategic partner for its bikes and scooters unit as the ridesharing company races Uber for more share of the market.

AMC Entertainment CEO Adam Aron issued a warning on Twitter, saying the company could “conceivably" run out of cash over the next two years if not allowed to raise money.

AMC common stock shares soared after a judge rejected a settlement related to a stock conversion plan that would allow the company to issue more shares.