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The retail buy-the-dip move paid off. What that crowd of investors is doing now, according ...
"The buy-the-dip strategy in early April has clearly paid off," said a team of JPMorgan strategists led by Emma Wu. "We estimate retail investors' portfolio is up 15.1% since April 8, closely aligning ...
New York State Manufacturing Activity Proves Weaker Again — New York Fed
"Business activity continued to decline modestly in New York State in May. New orders and shipments increased after a decline last month, while supply availability worsened," said Richard Deitz of the ...
Jobless claims hold steady in latest week, continuing to signal healthy labor market
The numbers: Initial jobless claims held steady at 229,000 in the week ending May 10, the Labor Department said Thursday. Economists polled by The Wall Street Journal had estimated new claims would ...
Wholesale inflation shows biggest drop since 2020, but it's unlikely to last
The numbers: Wholesale prices posted the biggest decline in April since the pandemic in 2020, but the decline in inflation appeared to be a one-off tied to falling egg and gasoline prices and a quirky ...
Powell says inflation could be more volatile in the future
"Higher real rates may also reflect the possibility that inflation could be volatile going forward than in the inter-crisis of the 2010s," Powell said in a speech at a research conference. The Fed's ...
Coinbase suffers cyber attack as oversees employees were bribed to steal customer data
Coinbase's stock was down by 2.4% in pre-market trading. The stock has risen 6.1% in 2025 and is set to join the S&P 500 SPX on Monday. The S&P 500 has risen 0.2% in 2025 after dropping sharply in ...
UnitedHealth's troubles pile up, as stock sinks again after report of DOJ probe
UnitedHealth's stock has tumbled 39.1% in 2025 through Wednesday's close, and will likely become the S&P 500's worst performer this year on Thursday. In comparison, the Health Care Select Sector SPDR ...
ASX's Cost-Saving Efforts Continue With Job Cuts
ASX is in a strong financial position due to its high margins, capital-light business model, and limited debt as of December 2024. ASX also maintains an effective monopoly for most of its businesses, ...
Enbridge to Sell Stake in Western Canada Pipeline to Indigenous Groups
OTTAWA--A group of indigenous communities in Western Canada will grab a stake in a key Enbridge natural gas pipeline, securing income from an asset that has run through their traditional lands for ...
Correction to Alibaba Earnings Article
Chief Financial Officer Toby Xu said the company delivered a strong quarter. "We are confident in our business outlook and will continue to invest in our core businesses to strengthen our competitive ...
How the Cost of Long-Term Services and Supports Shapes Retirement Readiness
As the population of older Americans grows, demand for long-term services and supports—a broad range of services to assist ...
Alibaba Revenue Grows Despite Headwinds — Update
The Hangzhou, China-based company on Thursday said revenue rose 6.6% to 236.45 billion yuan, equivalent to $32.80 billion. The growth in Alibaba's core e-commerce and cloud businesses supported the ...