The Ratings Game Advance Auto Parts Stock Extends Record Plunge after Bofa Abandons Longtime Bullish Call
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Third Point, Saddle Point win board seats at Advance Auto Parts. A plan to improve margins may unfold
The two activists recently picked up three board seats at the auto parts retailer.CNBC - Business -
Small-cap stocks ‘challenged’ as inflation pushes out Fed rate-cut expectations, warns BofA
U.S. small-cap stocks are “challenged” as Wall Street pushes out expectations for when the Federal Reserve may begin lowering interest rates due to concerns over persistent inflation, according to BofA Global Research.MarketWatch - Business - Federal Reserve -
This quality approach to a cheap part of the stock market garners a five-star rating
Small-cap stocks are trading at the bottom of their valuation range over the past two decades.MarketWatch - Business -
Japan’s native population declines at record rate as births plunge
Latest data shows number of Japanese nationals falling by almost 100 an hour on average despite government effortsFinancial Times - Business - Japan -
Iranian currency plunges to record low against dollar after strikes on Israel
The Iranian rial's drop came hours after Iran deployed a massive drone and missile offensive against Israel Saturday night.CNBC - Business - Iran -
Bearish insiders, bullish investors and global conflict are red flags for stocks
This market is vulnerable — and not because of inflation, the Fed or the election.MarketWatch - Business -
We're trimming this materials stock after it battled back from an earnings plunge
The sale will drop the stock's weighting in our portfolio to 1.93% from 2.09%.CNBC - Business -
Why Apple’s doubters might be getting the stock wrong again, according to BofA
Investors have found plenty of reason to sour on Apple shares lately, but BofA explores whether they’re underestimating margin potential.MarketWatch - Business -
Lucid’s stock gains on record shipments, but one bear still calls them ‘anemic’
Lucid Group put out just one sentence on Tuesday morning, but that’s sending its stock higher.MarketWatch - Business -
Georgia port sets record month for auto deliveries amid Baltimore fallout
A port in Georgia set a new monthly record for its auto deliveries in March as the Baltimore Port remains closed after the Francis Scott Key bridge collapsed late last month. Colonel’s Island Terminal at the Port of Brunswick rolled 77,236 auto ...The Hill - Politics -
Stocks Extend Slump, Treasury Yields Climb
Hot monthly retail sales and Middle East tensions weigh on indexes, with the S&P 500 falling 1.2%.The Wall Street Journal - World -
Trump Media closes down more than 18% after filing plans to issue more DJT stock
Donald Trump is the majority shareholder in Trump Media, which owns the Truth Social app. DJT shares fell 20% last week ahead of his New York hush money trial.CNBC - Business - Donald Trump -
Trump Media shares plunge after company files to issue additional DJT stock
Shares of Trump Media plunged more than 13% on Monday after the company filed to issue millions of additional shares of stock.NBC News - Top stories - Donald Trump -
Longtime Stanford head coach Tara VanDerveer retires after 38 seasons with the Cardinal
Tara VanDerveer racked up an NCAA record 1,216 wins throughout her 45 seasons coaching in college basketball.Yahoo Sports - Sports -
U.S. large-cap stocks post biggest weekly outflow in 16 months, say BofA strategists
U.S. large-cap stocks saw their largest weekly outflow since December 2022 in the past week, according to BofA Global.MarketWatch - Business -
Cisco’s stock could surge more than 20% on these three drivers, says BofA
BofA’s Tal Liani upgraded Cisco shares, cheering the company’s opportunity to benefit from networking growth on the heels of market-share gains.MarketWatch - Business -
European football: Roma’s Ndicka ‘in good spirits’ after collapsing
Defender taken to hospital after second-half incidentRoma’s match at Udinese abandoned; Inter held by CagliariThe Roma defender Evan Ndicka is recovering in hospital after collapsing on the pitch during Sunday’s Serie A meeting with Udinese. The ...The Guardian - World -
Urban Outfitters’ stock drops into bear-market territory after rare sell rating
Urban Outfitters’ stock sank Wednesday after it got dressed down by Jefferies analyst Corey Tarlowe, who said he’s seen a “notable deceleration” in foot traffic at the apparel and accessories retailer’s stores.MarketWatch - Business -
After 5,631 Yankees Games, John Sterling Calls His Own Walk-Off
The WFAN announcer was known for his catchphrase, “It is high! It is far! It is gone!” His last game was on Monday.The New York Times - Top stories - MLB -
‘Grand Theft Auto’ maker Take-Two to cut jobs, cancel games in cost-cutting plan
Videogame maker Take-Two Interactive Software Inc. said late Tuesday it will lay off about 5% of its workforce, cancel games and streamline its operations as it aims to save about $165 million a year.MarketWatch - Business -
Stocks Fall; Gold Hits Another Record
Investors are awaiting consumer-price-index data, which will show whether a bounceback in price pressures at the start of 2024 continued in March.The Wall Street Journal - World -
Amazon’s stock finally clinches a fresh record close
The company is edging closer to a $2 trillion market value.MarketWatch - Business -
Caitlin Clark popped up on SNL to dunk on Michael Che and pay tribute to WBB legends
Caitlin Clark made the "Weekend Update" host read jokes about unfunny he is.Yahoo Sports - Sports -
A16z raises second gaming fund at $600M as part of $7.2B funding
A16z announced that it has raised a new $600 million games fund as part of a $7.2 billion raise for the venture capital company.VentureBeat - Tech -
AS Roma's Evan Ndicka discharged from hospital following Sunday's collapse on the field against Udinese
The scary scene took place in the 72nd minute, and the Roma was hospitalized overnight before his releaseCBS Sports - Sports -
Three thoughts after Celtics splurge to extend Jrue Holiday
Chris Forsberg shares his instant reaction to the Celtics reportedly signing Jrue Holiday to a four-year, $135 million extension.Yahoo Sports - Sports -
NBA play-in: Lakers fend off Pelicans rally, advance to face Nuggets; Zion Williamson leaves late with injury
The Lakers have advanced past the play-in. Their reward is a date with a Nuggets team that's beat them eight straight times.Yahoo Sports - Sports - NBA -
S&P 500 extends April slide to break ‘tight’ uptrend channel for U.S. stocks
The stock market could face “a short-term downtrend” depending on how investors react to corporate earnings, says Bespoke Investment Group.MarketWatch - Business -
Trump Media stock plunges amid plan to issue more DJT shares
The former president's media company has had a rough start on Wall Street, shedding two-thirds of its value since its peak.CBS News - Top stories - Donald Trump -
Sage Therapeutics’ stock plunges as Parkinson’s drug trial disappoints
Sage Therapeutics shares dropped early Wednesday after the company said its experimental treatment for mild cognitive impairment in patients with Parkinson’s disease fell flat in a clinical trial.MarketWatch - Business -
Delta sees record revenue as business travel accelerates, but stock turns lower
Delta Air Lines’ stock flew toward a three-year high Wednesday, after the air carrier reported a first-quarter profit beat — and record revenue — fueled by accelerating business-travel demand.MarketWatch - Business -
Tech Stock Rebound Sends Nasdaq Composite to New Record
Softer-than-expected wholesale price data offers some relief to inflation-worried investors.The Wall Street Journal - World -
Zion Williamson out for playoff play-in game vs. Kings; out 2 weeks if Pelicans advance
Zion Williamson has been ruled out of the New Orleans Pelicans’ Western Conference play-in game against the Sacramento Kings on Friday night because of a left hamstring injuryABC News - Sports - NBA -
Fed’s Schmid calls for patience before making any change in interest rates
Hot inflation, strong growth and elevated asset market prices all suggest that the current stance of the U.S. central bank’s interest-rate policy is appropriate, Kansas City Fed President Jeffrey Schmid said on Friday.MarketWatch - Business -
U.S. stocks fell broadly, extending a recent slump that Monday trimmed the S&P 500, Nasdaq and Dow by 1.2%, 1.8% and 0.7%, respectively.
U.S. stocks fell broadly, extending a recent slump that Monday trimmed the S&P 500, Nasdaq and Dow by 1.2%, 1.8% and 0.7%, respectively.The Wall Street Journal - World -
Stocks tumble as hot inflation numbers douse hopes of June rate cut
"You can kiss a June interest rate cut goodbye," one analyst said of the latest CPI numbers showing stubborn inflation.CBS News - Top stories -
Stocks, bonds slump as traders shift Fed rate-cut expectations to September
Markets were rattled Wednesday by a stronger-than-expected inflation report, with stocks and bonds selling off as investors questioned whether the latest data will keep the Federal Reserve from cutting interest rates at all this year.MarketWatch - Business - Federal Reserve -
European stocks suffer worst day in nine months
Strength of US economy prompts investors to scale back expectations for rate cutsFinancial Times - Business - Europe -
AD (headache, nausea) out vs. Dubs; LeBron in
The Lakers ruled out Anthony Davis about an hour and 45 minutes before Tuesday night's game against the Warriors, while LeBron James will play despite an illness.ESPN - Sports - NBA -
Draymond calls out inconsistent officiating in Warriors-Lakers game
Draymond Green called out the "crazy" inconsistent officiating after the Warriors' 134-120 win over the Los Angeles Lakers on Tuesday night at Crypto.com Arena.Yahoo Sports - Sports - NBA