Shares of Discover Financial fell 9% on Tuesday after the Riverwoods-Ill. Roger Hochschild will be stepping down as effective CEO with immediate effect. The company said after markets closed Monday that John Owen, a board member and former chief financial officer for Regions, will serve as interim CEO and president. Discover will work with a … Read more
The CEO of Home Depot (HD) raised concerns about the economy after issuing a cautious outlook. The home improvement retailer posted a slight profit edge on Tuesday before the market opened up as consumers I spent less On expensive discretionary items such as appliances. In general, consumers seem to be less interested in home renovations … Read more
US stock futures fell before the open on Tuesday as a week full of retail began to show continued consumer resilience in the United States, while China painted a bleak picture for the world’s second largest economy. Futures on the Dow Jones Industrial Average (^DJI) fell 0.8%, while the S&P 500 (^GSPC) lost about the … Read more
font size Home Depot reported second-quarter earnings that beat analyst estimates. Justin Sullivan/Getty Images Stock futures pointed lower on Tuesday as an increase in bond yields and growing concerns about the Chinese economy weighed on investor sentiment. Wall Street ended the previous session with gains, led by the best day in two weeks for technology … Read more
(Bloomberg) — European stocks fell in light trade, as China’s central bank’s decision to cut its key interest rate unexpectedly failed to reassure markets about the country’s economic outlook, while UK blue chips underperformed after record UK wage growth. . Most Read from Bloomberg The Stoxx Europe 600 was down 0.6% at 8:53 am in … Read more
(Bloomberg) — China’s central bank unexpectedly cut its key interest rate by the most since 2020 to prop up an economy that faces new risks from deteriorating real estate and weak consumer spending. Most Read from Bloomberg The People’s Bank of China cut the interest rate on its one-year loans – or medium-term lending facility … Read more
(Bloomberg) – Zhongzhi Enterprise Group Co., Ltd. In 1995 as a timber company, it has grown into a financial conglomerate with more than 1 trillion yuan ($138 billion) in management. Now it risks becoming the latest Chinese financial giant to fail. Most Read from Bloomberg The under-the-radar group, often dubbed China’s Blackstone by local media, … Read more
(Bloomberg) — The Hawaiian Electric Company, which supplies energy to nearly 95% of the state’s population, traces its roots back to 1891, just a decade after King Kalākaua met Thomas Edison to see the incandescent light bulb. Now, the gadget is facing what is shaping up to be the biggest test ever on its future. … Read more
After holding it for three weeks or more at 5.75%, today’s top CD price nationwide rose to a new record high of 5.90% APY. But there is more. If you’ve been looking to lock in an excellent rate for as long as possible, you’ll be happy to hear that the new Day Commander is available … Read more
2023 has been a strong year for US markets so far, with the S&P 500 (INDEX: .INX) up 17%. This has led tech giants like Apple company (NASDAQ: APPL), up 43.06% year-to-date Meta Platforms Inc(NASDAQ:FB) up over 143% year-to-date. But a few stocks have done that, too NVIDIA Corporation (NASDAQ: NVDA), up a whopping 202.4% … Read more