Stocks were mixed on Thursday as a multi-day rally to record highs stalled. Momo Takahashi/BI US stocks closed mostly lower Thursday, ending a long streak of gains for the S&P 500 and the Nasdaq. Nvidia dropped after soaring to records earlier in the day. Traders were also assessing weak housing-market data and elevated weekly jobless […]
US stocks pulled back on Friday, signaling a retreat from all-time highs as European turmoil rattled nerves and Elon Musk’s pay package win thrust Tesla (TSLA) center stage. The Dow Jones Industrial Average (^DJI) sank about 0.5% to lead the declines, while the S&P 500 (^GSPC) shed 0.4%. The tech-heavy Nasdaq Composite (^IXIC) dropped 0.3%. […]
US stock futures pulled back on Friday, signaling a retreat from all-time highs as European turmoil rattled nerves and Elon Musk’s pay package win put Tesla (TSLA) center stage. Dow Jones Industrial Average futures (YM=F) sank about 0.7% to lead the declines, while S&P 500 futures (ES=F) shed 0.5%. Contracts on the tech-heavy Nasdaq 100 […]
The Lexington-Fayette Urban County Council passed a $532.9 million spending plan Thursday that includes money for 25 new positions, millions for a second senior center and raises for most city employees. The budget is for the fiscal year that begins July 1. It’s more than a 5% increase over the current-year budget of $505 million. […]
By Lewis Krauskopf NEW YORK (Reuters) – A rebound that has taken the U.S. stock market to record highs this week may have further to run, if history is any guide. Fresh signs of a cooling economy calmed inflation worries in May, helping all three major U.S. stock indexes rise to records this week. The […]
By Lewis Krauskopf NEW YORK (Reuters) – A rebound that has taken the U.S. stock market to record highs this week may have further to run, if history is any guide. Fresh signs of a cooling economy calmed inflation worries in May, helping all three major U.S. stock indexes rise to records this week. The […]
(Bloomberg) — Apple Inc. shares jumped in late trading after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism that a slowdown is easing. Most Read from Bloomberg Though revenue fell 4.3% to $90.8 billion in the March quarter, that was better than the $90.3 […]
Wildlife officials announced the discovery of a sturgeon that traveled a record 651 miles down the Mississippi River system. A lake sturgeon with a Wisconsin tag was recently spotted at the Lock 26 Dam on the Mississippi River near Alton, Illinois, according to an April 22 Facebook post from the Wisconsin Department of Natural Resources. […]
REUTERS/Ilya Naymushin Gold poised to hit $3,000 per ounce as upcoming Fed rate cuts occur, top economist David Rosenberg says. That implies a potential 30% upside from current levels. He says the current rally is impressive because it defies typical macroeconomic challenges like a strong dollar and falling inflation expectations. While investors have been riding […]
The retired Concorde airliner that belongs to New York’s Intrepid Museum will return to its home on a Manhattan pier on Thursday after a seven-month restoration, museum officials said. The supersonic jet will travel by barge up the Hudson River and will be lifted by a crane onto Pier 86, the officials at the decommissioned […]
Devon Energy (NYSE: DVN) boosted its crude oil production by 8% in 2023 to a record level for the company. Its high-margin output helped fuel strong free cash flow, and the oil company returned the bulk of that money to shareholders via a gusher of dividends and share repurchases. Devon doesn’t expect to set another […]
US stock futures wobbled on Friday, losing steam after a record-setting rally and blowout month as the relief sparked by an influential inflation reading ebbed. S&P 500 (^GSPC) futures were little changed, coming off the benchmark’s record close and best February in almost a decade. Futures on the Dow Jones Industrial Average (^DJI) and the […]