Consumer spending held up in September, underscoring a resilient economy that is now getting a boost from the Federal Reserve, the Commerce Department reported Thursday.Retail sales increased a seasonally adjusted 0.4% on the month, up from the unrevised 0.1% gain in August and better than the 0.3% Dow Jones...
Palo Alto, United States, October 17th, 2024, ChainwireAkord, a web3 platform for securing and managing data, also begins its migration to Walrus ProtocolMysten Labs, the web3 infrastructure company, today announced that following a successful Devnet, Walrus Protocol, a decentralized storage network, has launched its public Testnet. Walrus Protocol stores and...
Check out the companies making headlines before the bell. Elevance Health – Shares plummeted more than 10% after the health insurer reported weaker-than-expected third-quarter earnings. In a statement , CEO Gail Boudreaux said the company remains "confident" amid "unprecedented challenges in the Medicaid business." Health care stocks Molina Healthcare...
An image of a semiconductor wafer at the Taiwan Semiconductor Manufacturing Museum of Innovation in Hsinchu, Taiwan, on Jan. 11, 2022.I-Hwa Cheng | Bloomberg | Getty ImagesTaiwan Semiconductor Manufacturing Company on Thursday reported a 54% hike in net profit, as global chipmakers continue to benefit from demand boosted by...
Check out the companies making headlines in extended trading: Discover Financial — Shares inched lower by 1%. The financial services company posted third-quarter results that surpassed expectations, with earnings of $3.69 per share on $4.45 billion of revenue. Analysts polled by LSEG were calling for earnings of $3.42 per...
Jim Cramer broke down each holding Wednesday during the October Monthly Meeting.
Check out the companies making headlines in midday trading: Novavax — Shares plunged more than 17% after the biotech company said the U.S. Food and Drug Administration put a clinical hold on its application for a Covid and influenza combination shot as well as a stand-alone flu vaccine. United...
Consumer spending held up in...
Palo Alto, United States, October...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
Paul Morigi | Getty Images Entertainment | Getty ImagesWarren Buffett said Americans should not be concerned about their bank deposits in the wake of the latest financial shock in the sector and the government would ensure no depositor in this country lost a dime."People shouldn't be worried about losing...
Scientific Financial Systems was proud to attend the CFA Society of Boston’s Annual Market Dinner event in Boston last night. It was a great turnout from the Boston investment community.Morgan Housel delivered an excellent keynote talk about market risk and investor behavior. His talk built on the major themes...
Warren Buffett 's Berkshire Hathaway has snapped up more shares of Occidental Petroleum , taking advantage of sliding oil prices amid the spreading banking crisis. The Omaha, Nebraska-based conglomerate bought 7.9 million shares in multiple trades on Monday, Tuesday and Wednesday, a new regulatory filing showed. The average price...
