Tesla, Rivian stocks suffer losses of more than 5%
Shares of electric-vehicle makers Tesla Inc. and Rivian Automotive Inc. dropped more than 5% in midday trading Thursday, underperforming the broader market. Tesla, which has...
: EIA reports a weekly rise in U.S. crude supplies and declines in product stocks
The Energy Information Administration on Thursday reported that U.S. crude inventories rose by 1.7 million barrels for the week ended Dec. 30. On average, analysts...
Stitch Fix plans 20% job cuts as CEO steps down, founder Katrina Lake to reassume post
Stitch Fix founder Katrina Lake on Thursday announced the company will be cutting 20% of its salaried workforce and that she will reassume her post...
Walgreens executive says ‘maybe we cried too much last year’ about theft
Walgreens acknowledged it may have overblown concerns about thefts in their stores after shrinkage stabilized over the past year.
Who is Bernard Arnault? The new world’s richest person admires Buffett and Jobs while running Louis Vuitton and Dior
LVMH CEO Bernard Arnault passed Elon Musk to become the world's wealthiest person at the end of 2022. He used lessons from Warren Buffett and...
The Fed: Fed’s George sees rates above 5% for some time
Outgoing Kansas City Fed President Esther George says the fight against inflation will require rates to stay elevated for some time.
Economic Report: ADP says 235,000 private-sector U.S. jobs created in December
Private payrolls rose by 235,000 in December, payroll processor ADP said Thursday, in a sign that many companies are still hiring and the U.S. labor...
: Stock market acting like it did before the recession of 1969, JPMorgan strategist finds
Bryan Adams, the Canadian singer, famously reminisced about the summer of 1969, and now, investment analysts are as well.
: Lamb Weston stock jumps after big profit beat, as 30% rise in pricing and mix offset volume decline
Shares of Lamb Weston Holdings Inc. LW shot up 6.3% toward a three-year high in premarket trading Thursday, after the frozen-potato products seller reported a...