The S&P 500 and its biggest stocks are showing cracks and fissures
Bulls are hanging on even as the market looks increasingly overbought.
Home prices hit record high in May as sales stall
Sales of previously owned homes are sitting at a 30-year low and didn’t move much in May as prices hit a new record and mortgage rates remain high. So-called existing home sales in May were essentially flat, down 0.7% from April to a seasonally adjusted, annualized rate of 4.11 million units, according to the National […]
Shein US IPO is dead, experts say
The Shein logo can be seen on a smartphone, while the Chinese online retailer’s website is open on a laptop. Monika Skolimowska | Picture Alliance | Getty Images China-founded e-commerce company Shein’s hopes of going public in the United States are growing slimmer by the day, according to experts, as rising tensions between Beijing and […]
Apple offers a bullish lesson for Nvidia, even as the chip stock heads for a dip
“Just because market value is transferring quickly, doesn’t make it wrong,” an analyst says.
U.K. consumer confidence climbs in June as inflation eases
U.K. consumer confidence improved slightly in June on improved assessment of the economy, as inflation eases and ahead of national elections, a monthly survey said.
Japan’s core CPI grew at a faster pace in May
Japan’s overall consumer inflation grew at a faster pace in May and stayed well above the Bank of Japan’s 2% target.
SpaceX unveils ‘Starlink Mini’ satellite internet antenna for $599
Starlink Mini promotional image. SpaceX customer email sent June 19, 2024. SpaceX is rolling out a compact version of its Starlink antennas, which the company is advertising as a mobile option for its satellite internet customers. “Starlink Mini is a compact, portable kit that can easily fit in a backpack, designed to provide high-speed, low-latency […]
Oil futures settle at fresh 7-week highs as U.S. crude and gasoline supplies decline
Oil futures climbed on Thursday to settle at fresh seven-week highs on the back of weekly declines in U.S. crude and gasoline inventories, as rising geopolitical tensions lifted concerns about disruptions to global supply chains.
Fast food diners switch to casual chains, Darden CEO says
Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Casual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick Cardenas said on Thursday. While Darden itself hasn’t benefited from the shift, its competitors, like Chili’s owner Brinker International and […]
Gilead PrEP lenacapavir succeeds in Phase 3 trial
The logo of Gilead Sciences pharmaceutical company is seen in Oceanside, California, April 29, 2020. Mike Blake | Reuters Gilead‘s experimental twice-yearly medicine to prevent HIV was 100% effective in a late-stage trial, the company said Thursday. None of the roughly 2,000 women in the trial who received Gilead’s shot lenacapavir had contracted HIV by […]
