Sleep Number loses less money than Wall Street feared, and stock rallies
Sleep Number Corp.’s stock rallied more than 8% in the extended session Thursday after the mattress maker and retailer posted a narrower quarterly loss and sales that were better than estimates. “While the consumer environment remains challenging for the mattress industry, our swift actions to improve demand and reduce costs allowed us to make better […]
Existing home sales rose 3% in January 2024
A real estate agent walks into a home for sale in Lancaster, Ohio. Ty Wright | Bloomberg | Getty Images Sales of previously owned homes rose 3.1% in January to 4 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales were down 1.7% year over year. The count […]
10-year Treasury yield holds near almost three-month high following U.S. data
Treasury yields edged mostly higher on Thursday after data showed the U.S. economy grew steadily this month. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y rose 6.5 basis points to 4.718% from 4.653% on Wednesday. The yield on the 10-year Treasury BX:TMUBMUSD10Y was little changed at 4.32%, compared with 4.326% on Wednesday. The yield […]
Tax evasion by wealthiest Americans tops $150 billion a year: IRS
The nation’s millionaires and billionaires are evading more than $150 billion a year in taxes, adding to growing government deficits and creating a “lack of fairness” in the tax system, according to the head of the Internal Revenue Service. The IRS, with billion of dollars in new funding from Congress, has launched a sweeping crackdown […]
Stocks can get more expensive, but don’t get in front of FOMO for now, says strategist
The bulls are back in town — or maybe they never left. After blowing past forecasts, Nvidia is not only soaring in premarket, but mass enthusiasm is sparking stock records from Tokyo to Paris, pointing to a sizzling start for Wall Street on Thursday. Down the road, will this day mark the top? For now, […]
Stocks can get more expensive, but don’t get in front of FOMO for now, says strategist
The bulls are back in town — or maybe they never left. After blowing past forecasts, Nvidia is not only soaring in premarket, but mass enthusiasm is sparking stock records from Tokyo to Paris, pointing to a sizzling start for Wall Street on Thursday. Down the road, will this day mark the top? For now, […]
Moderna (MRNA) earnings Q4 2023
Nikos Pekiaridis | Nurphoto | Getty Images Moderna on Thursday posted a surprise quarterly profit, in part boosted by deferred revenue, even as the company saw slumping sales from its Covid vaccine, its only marketable product. The results cap a rocky year for the biotech company and other Covid vaccine makers, which all saw revenue plunge […]
For many, credit-card debt tops savings. Here’s how to build an emergency fund.
Tim Whistler’s credit-card debt gradually grew to about $8,000. The cost of everyday products rose, his monthly rent jumped from $1,000 to $1,400 over four years, and then last year, his son was born, adding entirely new categories of expenses. Like a growing number of Americans, his credit-card debt now exceeds what he has in […]
SOC labor coalition accuses Starbucks of ‘flawed’ union strategy
A coalition of unions is laying out its case against Starbucks ahead of a proxy fight at its annual meeting in March, arguing the coffee giant has implemented a “flawed human capital management strategy” in response to a yearslong union movement. The Strategic Organizing Center claims the situation has put the company at reputational risk, […]
Japan’s Nikkei stock index briefly tops record high
Japan’s benchmark index continues to scale new peaks, rising briefly above the record closing high level reached at the height of the Japanese asset bubble in 1989. The Nikkei Stock Average JP:NIK was 1.7% higher at 38,924.88 for a brief moment on Thursday morning, topping the record closing high of 38,915.87 set on Dec. 29, […]
