Cannabis stocks rally after Trump supports moving drug to less restrictive category
GOP presidential nominee Donald Trump supports Schedule III classification for cannabis, which has already been proposed by the Biden administration.
Bond traders believe the Fed has waited too long to cut interest rates, according to this indicator
A long-awaited shift in the relationship between the 2-year and 10-year Treasury notes wasn’t the only recession warning to emerge from the bond market on...
Big Lots files for bankruptcy protection, sells to private equity firm as it promises to keep offering ‘extreme bargains’
Discount home goods retailer Big Lots filed for bankruptcy protection as low-income shoppers slow spending on new furniture and home decor.
KeyCorp to book $700 million loss on sale of securities
The transaction marks an example of efforts by financial firms to reposition their balance sheets with higher-yielding assets as interest rates have risen.
Summit Therapeutics’ stock pops as lung-cancer treatment beats Merck blockbuster in late-stage trial
Shares of Summit Therapeutics Inc. jumped more than 30% premarket on Monday after the biotech company released late-stage trial data showing that its experimental lung-cancer...
‘I’ve never invested in the stock market’: I’m 64 with $400,000 in CDs and a high-yield savings account. Should I invest in bonds?
“Interest rates are going down so CDs might not be an option for long.”
Stick to defensive stocks as short-term yields dive, say JPMorgan strategists
JPMorgan now favors small caps over large caps, and no longer likes growth over value
Alzheimer’s drug Leqembi promises to give patients more time, but they face a long road to treatment
Leqembi's rollout has been slowed by bottlenecks related to reimbursement uncertainties, diagnostic test requirements and regular brain scans, among others.
Nelson Peltz steps down as chair of Wendy’s board, starting a new era for burger chain
Peltz's Trian Fund Management has a 10% stake in Wendy's, making it the company's second-largest shareholder.