Constellation Energy shares rose Thursday as Bank of America analysts upgraded the energy company's stock and lifted their price target.
New Spirit Airlines Notes Reveal Market’s Debt-Deal Anxiety
(Bloomberg) -- Certain Spirit Airlines Inc. bondholders obtained special protection in a $840 million financing deal poised to propel the airline out of bankruptcy, guarding them from financial restructurings that have roiled debt investors in recent years by favoring some creditors over others.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud C
Wall Street hopes rate cuts will force clients out of cash in 2025
Cash in money markets rose by about $824 billion this year, according to Crane Data, dashing expectations it would find a home in stocks or bonds as the Federal Reserve began cutting rates. Proponents of the asset class have said they are happy earning rates of around 4% - far above the near-zero return cash was paying only a few years ago - with comparatively little risk. Cash in money markets stood at $7.124 trillion as of Dec. 5, according to Crane Data.
Warren Buffett’s portfolio tells all you need to know about the market’s next move
Why Berkshire Hathaway’s cash and short-term holdings suggest that stocks are overvalued and lower prices are coming.
Why Is Insurance Firm Centene Stock Trading Higher On Thursday?
On Thursday, Centene Corporation (NYSE:CNC) outlined its 2025 financial guidance. For fiscal year 2025, the health insurance plan provider expects total revenues of $166.5 billion to $169.5 billion, compared to a consensus of $166.58 billion. The guidance includes premium and service revenues of $154.0 billion to $156.0 billion. The company expects GAAP EPS of greater than $6.19, with adjusted EPS of greater than $7.25 compared to the consensus of $6.97. Also Read: Donald Trump’s Second Term Cou
Top Stock Movers Now: Adobe, MetLife, Oxford Industries, and More
Major U.S. indexes were slightly lower at midday Thursday after the November Producer Price Index came in higher than expected.
US Household Wealth Climbs to a Record on Higher Stock Values
(Bloomberg) -- US household wealth rose to a fresh record in the third quarter, fueled by a stock-market rally ahead of the presidential election.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamHousehold net worth increased nearly $4.8 trillion, or 2.9% from the prior quarter, to $168.8 tri
MetLife Stock Jumps on New Long-Term Growth Strategy
MetLife announced a new strategy called "New Frontier" to boost long-term growth.
Major Investor Sells Off Half a Billion Dollars in Chewy Stock
A firm affiliated with Chewy's biggest shareholder is selling off $500 million in stock.
Stifel expects S&P 500 to peak in early 2025 before falling
The brokerage expects the U.S. stocks benchmark to drop to mid-5,000s late next year, a bearish view on the market when compared to Goldman Sachs and Morgan Stanley, which see the index end 2025 at 6,500. A correction in stocks could be triggered by the U.S. real gross domestic product slowing to 1.5% in the second half of 2025 and core personal consumption expenditure inflation staying above the Federal Reserve's target, Stifel strategists noted. The S&P 500 has had a strong run this year, rising about 27% so far, boosted by the so-called 'Magnificent 7' stocks rising on the artificial intelligence boom and anticipation of lower interest rates.