Concerns about AI rally, consumer health weigh on sentiment ‘The bar is as high as it’s ever been’: Templeton’s Gokhman The latest earnings reports are fanning two worries that were already gnawing away at the US stock market: That the euphoria about artificial...

It had been 17 months since the S&P 500 posted a drop of 2% or more, but advisers caution nervous investors against making rash portfolio moves. Even the biggest bulls probably knew, deep down, that a winning streak unseen since 2007 couldn’t last forever. The...

Megacaps underperform as investors bid up unloved sectors High dispersion, low correlation offers boon for stock-pickers Wall Street’s sure-fire, money-minting trade of 2024 – going all-in on Big Tech – was upended this week, sparking stock volatility across the board...

US gasoline demand dropped off after the July 4 holiday Short-only gasoline positions reached seven-year highs Hedge funds haven’t been this disappointed by gasoline demand since the depths of the pandemic, with speculators slashing their net-bullish bets as the US...

Benedetto Vigna was impersonated on a call using AI software Large companies are being increasingly targeted with deepfakes It was mid-morning on a Tuesday this month when a Ferrari NV executive started receiving a bunch of unexpected messages, seemingly from the CEO....

The North American Aerospace Defense Command intercepted two Russian and two Chinese bombers flying near Alaska Wednesday in what a US defense official said was the first time the two countries have been intercepted while operating together. The bombers remained in...

Retailer cut from JPMorgan top stocks list, downgraded by Citi Stock closed down 9.1% to the lowest level since May 2020 Lululemon Athletica Inc. shares dropped to their lowest level in four years as analysts raised fresh concerns about the company’s ability to hit...

Discount furniture seller bought rival chain just last year Company says it employs about 3,800 people across 15 states Furniture retailer Conn’s Inc. filed for bankruptcy with plans to shut down after trouble integrating a recent acquisition compounded the pain of...

Contract signings eased 0.6% in June to 617,000 annual rate New-home inventory increased to highest level since 2008 Sales of new US homes unexpectedly declined to a seven-month low in June as the mix of stubbornly high mortgage rates and prices deterred prospective...

Oil prices dropped on Tuesday to their lowest point in five weeks, driven by a wave of algorithmic selling. The U.S. benchmark WTI has now dipped as much as 1.6% to a level that is dangerously close to $77 per barrel. The decline follows the surpassing of key...

More sellers are cutting asking prices on listed homes Properties have been lingering on the market for longer US home deals were canceled at the highest rate on record for a June as affordability pressures sidelined potential buyers. Nearly 56,000 home purchases were...

CEO says consumer and retail environments remain ‘choppy’ Kimberly-Clark Corp.’s stock fell 3.9% Tuesday, after the parent to consumer brands including Huggies, Kleenex and Scott toilet paper posted weaker-than-expected sales for its second quarter to offset a profit...

June closings fell to 3.89 million rate, below all estimates Prices hit another record even as supply continued to rise Existing-home sales in the US slumped to one of the slowest paces since 2010 in June, as sellers wait for mortgage rates to fall further and buyers...

Stock market crashes can leave positive legacies in their wake — even though they cause plenty of immediate pain. In the US, stock market crashes led to the creation of the Federal Reserve System, the SEC, and the FDIC. While the triggers for stock market crashes...