July retail sales and Walmart gave a boost to retail sentiment, helping to drive a stock market rally.
Fed Chair Powell to headline next week's Jackson Hole meet
The annual gathering of global central bankers offers Powell a chance to give an updated assessment of the U.S. economic trajectory and the outlook for monetary policy, midway between the central bank's July and September policymaking meetings. Last month he said that if inflation and the labor market continues to cool, an interest rate cut could be on the table at the Fed's next meeting. The Fed has held its policy rate in the 5.25% to 5.50% range for more than a year now to slow economic growth and keep downward pressure on inflation.
Why JetBlue Stock Lost Altitude This Week
The airline is raising cash ahead of a potential downturn.
Six Flags Stock Climbs With Seven New Roller Coasters Coming in 2025
Six Flags Entertainment shares rose Thursday after the company unveiled investments for 2025, including seven new roller coasters.
Why Starbucks Stock Skyrocketed This Week
Shares of the coffee chain soared on news of a new CEO.
Canadian Pension Saves in Bond Market by Being Boring
(Bloomberg) -- Canada’s largest pension fund has found a winning formula to cut its borrowing costs: be more predictable.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public TransitCanada Pension Plan Investment Board started selling Canadian-dollar debt on a mo
Dillard's Stock Tumbles After Earnings Miss as Sales Drop and Expenses Rise
Dillard's shares tumbled Thursday after the department store chain missed earnings and revenue estimates as sales slowed and costs rose.
Robinhood Stock Rises After Reporting User Growth—and Getting an Analyst Upgrade
Shares of Robinhood Markets climbed Thursday after the e-brokerage posted strong user data and Deutsche Bank analysts upgraded the stock.
Schumer Sets Stage for New Era of U.S. Crypto Politics
Wednesday's Crypto4Harris town hall showed Democrats are finally engaged with the industry. Still, it’s not clear what Harris thinks about crypto, or would do about it if elected.
Schumer Sets Stage for New Era of U.S. Crypto Politics
Wednesday's Crypto4Harris town hall showed Democrats are finally engaged with the industry. Still, it’s not clear what Harris thinks about crypto, or would do about it if elec...