US Federal Reserve Chair Jerome Powell attends a "Fed Listens" event in Washington, DC, on October 4, 2019.Eric Baradat | AFP | Getty ImagesA hotter-than-expected consumer price index reading rattled markets Wednesday, but markets are buzzing about an even more specific prices gauge contained within the data — the...
A render of Sierra Space's Velocity satellite busCredit: Sierra SpaceAmid preparations for its spaceplane's maiden flight and an initial public offering as soon as next year, Sierra Space is expanding its satellite offerings. Ahead of the much-anticipated solar eclipse, the commercial space unicorn unveiled its aptly named Eclipse line...
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 09, 2024 in New York City.Michael M. Santiago | Getty ImagesAs recently as January, investors had high hopes that the Federal Reserve was about to embark on a rate-cutting campaign that would reverse...
Check out the companies making headlines in midday trading. Deckers Outdoor — Shares lost 6.9% after Truist downgraded the footwear company to hold over concerns that demand for core products is declining, noting softened direct-to-consumer trends for Hoka in February. Cava — Shares jumped 4.4% after Argus upgraded the...
A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Robert Nickelsberg | Getty ImagesDepartment stores like Macy's and Kohl's have long used store-branded credit cards to drive purchases and get a cut of cash. Starting this spring, though, those...
