Latest Market News
Shares of Amazon.com Inc. AMZN, -4.93% sank 5.2% in midday trading, reversing an earlier intraday gain of as much as 2.1%, to put them in danger of a fifth-straight loss. The stock has tumbled 19.44% over the past five days. That’s a touch better than the 19.50% drop suffered over the five sessions to May […]
While the Big 3 stock market indexes are all falling at at least 0.5%, readings of exchange data suggest the market of stocks is actually rising. The number of advancing stocks are outnumbering decliners by 1,804 to 1,077 on the New York Stock Exchange (NYSE) and by 2,220 to 1,658 on the Nasdaq exchange. And […]
Upstart Holdings Inc. UPST, -3.80% has eliminated the positions of 140 hourly employees who processed loan applications, the financial-technology company disclosed in a filing with the Securities and Exchange Commission Tuesday. The company, which uses artificial intelligence to inform lending decisions, attributed the move to “the challenging economy and reduction in the volume of loans […]
U.S. stocks opened higher amid a drop in Treasury yields as the Federal Reserve kicks off its two-day policy meeting. The Dow Jones Industrial Average DJIA, -0.33% was up 0.6% soon after the opening bell, while the S&P 500 index SPX, -0.41% rose around 1% and the tech-heavy Nasdaq Composite COMP, -0.75% gained 1.5%, according […]
Oil futures climbed toward session highs on Tuesday after The Wall Street Journal reported that Saudi Arabia shared intelligence with the U.S. warning of a possible Iranian attack on targets in the kingdom. In response to the warning, Saudi Arabia, the U.S. and several other neighboring states raised alert levels for their military forces, the […]
Dentsply Sirona Inc. XRAY, -0.10%, a maker of dental products and technology, said Tuesday it has completed an internal probe of financial reporting involving former and current executives and said it would restate third-quarter and full-year 2021 earnings. The probe looked at allegations of “channel stuffing”, a deceptive practice used to inflate sales and earnings […]