GameStop eyes Russell add as CEO joins board
GameStop’s new CEO Matt Furlong has been added to the video game retailer’s board of directors ahead of a possible add to the Russell 1000 to be decided on June 25.
Dow jumps 586 points, snapping five-day losing streak
U.S. equity markets soared Monday with the Dow Jones Industrial Average snapping its five-day losing streak and bouncing back from its worst week since October.
Rep. Malinowski continues trading spree amid ethics investigation
Over the course of April, the New Jersey Democrat bought and sold hundreds of thousands of dollars of stock in a cornucopia of companies, including food delivery app DoorDash and home workout equipment company Peloton, according to financial disclosures.
Ackman's SPAC takes Universal Music Group stake in $4B deal
Billionaire hedge fund manager Bill Ackman has agreed to buy 10% of Universal Music Group for about $4 billion.
S&P futures and global markets decline
U.S. futures and global stock markets traded lower, while government bonds rose in price, as investors continued to scale back bets on robust growth and inflation.
Amazon Prime Day, GameStop's Russell fate, Nike earnings top week ahead
Amazon Prime Day, Fed’s stress tests, and Nike, FedEx earnings dominate the week ahead for investors.
Stock market's most popular trade faces 'perfect storm'
Wall Street’s favorite trade of the year is facing a “perfect storm” as the Federal Reserve prepares to exit the emergency measures put in place during the pandemic, according to Bank of America.
Elephant in the housing market is a win for builders
For the U.S. housing market, the sky may be the limit as a new level of higher prices becomes the norm, according to experts.
Stocks rocked by rate-hike fears
U.S. equity markets were pressured Friday as the Fed signaled rate hikes could come as early as next year.
Ammo shortage shows no sign of improving: Smith & Wesson
Ammunition inventories that were depleted during the pandemic are showing no sign of improving, according to Smith & Wesson Brands CEO Mark Smith.
Stock futures trade mixed to end the week
U.S. equity futures are trading mixed ahead of the final trading day of the week.
JPMorgan, UBS, Wells Fargo to allow US employees take day off for Juneteenth
JPMorgan Chase & Co will give its U.S. employees one floating day off for the newly implemented Juneteenth federal holiday, according to an internal memo seen by Reuters.
Uber can challenge California lawsuit alleging drivers were misclassified, judge rules
Uber Technologies Inc. can challenge a lawsuit alleging the company misclassified California drivers as independent contractors.
Nasdaq nears record as Fed rate hikes seen far out on horizon
The Nasdaq Composite neared a record high Thursday as investors rotated into growth stocks after digesting the Federal Reserve’s plan to exit from the emergency measures put in place during the COVID-19 pandemic.
Kroger sees signs inflation is starting to pick up
Kroger Co. says inflation is starting to creep up, but that it’s too early to tell if higher prices are permanent.
Lordstown Motors' latest snafu slams stock
Lordstown Motors, which recently warned it does not have enough cash to start commercial production and raised doubts about its ability to remain in business through the end of the year, has now revealed it does not have binding purchase orders or commitments from customers on its electric Endurance pickup truck.
Ford’s Bronco, F-150 Lightning behind profit outlook boost
Ford's CEO Jim Farley says customer orders are rolling in and that means future profits will be higher than expected.
Stock futures add to declines after Fed's interest rate outlook
U.S. equity futures were trading lower after Federal Reserve officials indicated they expect higher interest rates by late 2023.
FAA mandates Boeing 737 MAX inspections for key automated flight system
The Federal Aviation Administration (FAA) on Wednesday issued a directive for Boeing Co requiring operators of 737 MAX airplanes to conduct additional inspections for the plane's automated flight control system.
Stocks tumble as Fed keeps policy on hold, raises inflation outlook
U.S. equity markets tumbled Wednesday after the Federal Reserve reiterated its belief that inflation is "transitory," but said that rate hikes will likely begin in 2023.



















