Oil prices end lower as optimism over China stimulus plan fades
Oil futures finished lower Wednesday, pulling back from strong gains a day earlier when China’s announcement of an aggressive monetary stimulus plan sparked a broad commodities rally.
SEC charges Merrill Lynch and Harvest for ignoring client instructions
A logo for financial service company Merrill Lynch is seen in New York. Emmanuel Dunand | Afp | Getty Images The U.S. Securities and Exchange Commission charged Harvest Volatility Management and Merrill Lynch on Wednesday for exceeding clients’ predesignated investment limits over a two-year period. Merrill, owned by Bank of America, and Harvest have agreed […]
Buy Tesla’s stock ahead of these ‘significant’ positive catalysts, analyst says
Tesla’s stock has been on a tear in September, and Baird analyst Ben Kallo expects more gains are to come after the electric vehicle giant reports deliveries data next week.
How birria took over restaurant menus across the country
Birria burrito surrounded by birria tacos, birria munchwrap, birria loaded fries and birria consommé at Little Miner Taco in North Bethesda, Maryland. Laura Chase de Formigny | The Washington Post | Getty Images Birria, which was once known as a regional Mexican food, has taken on a life of its own in the U.S., becoming […]
SAP stock falls on report of U.S. probe
SAP shares slumped on Wednesday after a report it’s the target of a probe into whether it and other companies overcharged U.S. government agencies.
Why Visa’s antitrust battle could be so worrying to Wall Street
Visa’s stock falls as Justice Department launches suit. An analyst notes there are more potential alternatives to Visa’s debit network in the event the company is penalized.
DOJ accuses Visa of monopoly that affects price of ‘nearly everything’
Justin Sullivan | etty Images The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing “exclusionary” agreements on partners and smothering upstart firms. Visa’s moves over the years have resulted in American consumers and merchants paying billions of dollars in […]
Stitch Fix forecast sinks stock, as CEO says ‘there is a lot of work’ for turnaround
Shares of Stitch Fix Inc. fell after hours on Tuesday after the online styling service forecast quarterly and full-year sales that were weaker than expected, saying that there was “a lot of work still to do” to turn the company around.
The Fed’s 50-point rate cut poses risks for retirees
Will inflation stage a comeback?
Novo Nordisk CEO testifies at Senate over weight loss drug prices
Novo Nordisk‘s top executive faces a Senate grilling on Tuesday over the high prices of the company’s weight loss drug Wegovy and diabetes treatment Ozempic, as demand for both injections soars in the U.S. Novo Nordisk CEO Lars Fruergaard Jørgensen is testifying at a Senate Health, Education, Labor and Pensions Committee hearing, which was set […]
