Lawrence G. McMillan: The stock market’s rally was a head fake and the smart money now is with the bears
S&P 500's support is at 3900, then 3760 -- the December 2022 low, writes Lawrence McMillan.
Earnings Results: Wayfair’s stock craters toward worst day on record amid heated ad spending
While Wayfair has embarked on a series of cost cuts, advertising spending has ramped up as a percentage of revenue.
: U.S. stocks open higher as investors weigh jobless claims data
U.S. stocks opened higher Thursday as investors weigh a report showing a drop in weekly jobless claims. The Dow Jones Industrial Average DJIA was up...
: Invenergy marks largest acquisition yet with $1.5 bln deal for AEP unregulated renewable portfolio
Invenergy LLC said Thursday it’s taking part in its largest acquisition since the private wind, solar and natural gas developer was founded in 2001 with...
: Bankman-Fried charged with four new counts by Manhattan prosecutors
New charges were added against Sam Bankman-Fried, according to a superseding indictment filed in U.S. District Court on Thursday. The U.S. alleges Bankman-Fried perpetrated a...
: Natural-gas futures hold gains after dip in U.S. supplies
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 71 billion cubic feet for the week ended Feb. 17. That...
: California cannabis tax revenue drops in Q4 after state drops cultivation levy
The State of California said Wednesday it took in $221.65 million in tax revenue from legal cannabis sales in the fourth quarter, down from $330.53...
: EIA reports a weekly climb of nearly 8 million barrels in U.S. crude supplies
The Energy Information Administration on Thursday reported that U.S. crude inventories rose by 7.6 million barrels for the week ended Feb. 17. On average, analysts...
: Norfolk Southern has lost $6.7 billion in market cap since the Ohio train derailment, as its stock has lost more than those of its rivals
Shares of Norfolk Southern Corp. NSC bounced 0.4% in morning trading Thursday, after closing the previous session at a four-month low as the railroad operator...