Text size Federal Reserve Chair Jerome Powell said the central bank would proceed cautiously in raising rates. Chen Mengtong/China News Service/VCG/Getty Images) We go back to the future for interest rates. The benchmark 10-year Treasury yield briefly topped the 4.5% level last week, which was widely seen as the highest level since 2007. That makes… Read More »
Text size Among the top 20 most heavily shorted transportation stocks, Tesla represents nearly 60% of the capital committed by short sellers. Brent Lewin/Bloomberg The UAW is asking for it Ford engine and the other two automakers with roots in Detroit for big pay raises and a four-day work week. The demands threaten to upend… Read More »
Mercury Systems specializes in electronics and chips for the aerospace and defense industries of the United States and its allies. Courtesy of Mercury Systems Text size Everyone goes through growing pains and defense contractor Mercury systems suffers from it in a big way. Now a new CEO has a chance to help the struggling company… Read More »
Text size Arm began trading today on the Nasdaq under the symbol ARM. Chris Ratcliffe/Bloomberg Arm holds he came out of the gate swinging. Shares opened at $56.10 Thursday afternoon and continued to climb. The opening price is 10% higher than the U.K.-based company’s initial public offering price of $51 per share, which was at… Read More »
Text size Apple shares fell 1.7% on Tuesday following the company’s product launch event. (Photo by Eric Thayer/Getty Images) Apple ‘S The long-awaited launch of the iPhone 15 has left investors disappointed, and Wall Street doesn’t seem thrilled either. The world’s most valuable company unveiled its new iPhone models on Tuesday, and things went pretty… Read More »
Text size Consumer-focused companies like Alibaba could represent a buying opportunity for investors. Wang Zhao/AFP via Getty Images Value managers routinely venture into markets that others flee from, which makes China a natural destination. Veteran bargain hunters admit that China’s economic growth prospects look uncertain and that policymakers may continue to stumble. But they calculate… Read More »
