Alphabet Needs More Than Strong Results to Tame Wall of Worries
Antitrust risk and competition in search have pressured shares Google parent trades at rare valuation discount among megacaps Alphabet Inc. shares have gone nowhere for months, trailing Magnificent Seven peers as investors struggle to price risks confronting the...
Musk’s xAI Seeks $40 Billion Valuation in New Funding Round
Startup set to raise more cash after $6 billion round in May Billionaire’s AI company has sought to compete with OpenAI Elon Musk’s artificial intelligence startup xAI is seeking new funding at a roughly $40 billion valuation, according to a person familiar with the...
Share of Brits Paid the Lowest Wages Plunge to Least Since 1997
UK chancellor to reportedly announce increase in minimum wage Sharp minimum wage rises are fueling fears of job losses The share of British workers in low-paid jobs has plunged in the last decade to a record low of 3.4%, a reflection of growing minimum wages, adding...
Job openings fall to lowest level since January 2021
Job openings fell more than expected in September. The data comes as investors closely watch for signs of further cooling in the labor market ahead of the Federal Reserve's next interest rate decision on Nov. 7. New data from the Bureau of Labor Statistics released...
D.R. Horton Plunges as Homebuilder Says Buyers Taking a Pause
Company says mortgage rate buy-down incentives will continue ‘There’s just a lot of noise in the market today,’ CEO says D.R. Horton Inc. shares fell the most in more than four years after the homebuilder reported disappointing results for its fiscal fourth quarter...
Home-Price Gains in US Ease With High Rates Deterring Buyers
Price increases in August were below the gains in July Home-price growth is showing signs of strain, analyst says Home-price gains in the US slowed in August as high borrowing costs weighed on potential buyers. A national measure of prices rose 4.2% from a year...
Treasury Yields Resume Climb After Auctions Stir Supply Anxiety
Two- and five-year notes drew higher-than-expected yields Analysts say auction size increases in 2025 are inevitable US government bond yields rose as weak demand for a pair of Treasury note auctions suggested investors are anxious about supply on the eve of the next...
VC Firm Accel Files With SEC to Tap Secondary Market
Firm is transforming from VC to registered investment adviser VC firm will be able to buy more discounted secondary stakes Accel is the latest venture capital firm to consent to heightened regulation with the US Securities and Exchange Commission, a tradeoff that...
Yardeni Sees Bond Vigilantes Mustering as US, UK Prep Debt Sales
Yield on 10-year Treasuries traded at highest since July Treasury to announce quarterly borrowing plans Wednesday Wall Street veteran Ed Yardeni says the approaching US election could augur the return of the market’s bond vigilantes as the Treasury Department readies...
Next Hurdle for Treasuries Is Whether US Keeps Debt Sales Stable
Dealers see long-term debt auctions held steady for now Focus of refunding guidance will be on coming quarters With its confidence in future interest-rate cuts shaken by US economic resilience, the Treasuries market is also facing doubts about how much longer the US...
S&P 500 Profit Beats Disappoint as Season Kicks Into High Gear
Earnings beat estimates at the lowest rate since 2022: BI data RBC’s Calvasina sees scope for short-term decline in US stocks Companies in the S&P 500 are beating earnings estimates at the lowest rate in nearly two years, a trend that could point to declines for...
Big Tech Stocks Lose Some of Their Aura as Earnings Growth Slows
Five largest S&P firms to see profit rise cut nearly in half Companies that drove S&P 500 rally are now in the backseat Slowing profit growth is removing some of the invincibility surrounding the stock market’s technology giants as they prepare to report...
Yale’s $41.4 Billion Fund Reports Second-Lowest Ivy Return
Yale University’s endowment recorded a 5.7% investment return during the year ended in June, the lowest in the Ivy League except for Princeton. The Yale fund’s value increased to $41.4 billion, the school said in a statement Friday. The endowment contributed $2...
GOP Sweep Would Ignite Animal Spirits, $12 Billion Adviser Says
Investors should be prepared for US market volatility and lower long-term returns on stocks whether Donald Trump or Kamala Harris wins the Nov. 5 presidential election, money managers said at a Bloomberg event in Los Angeles. Todd Morgan, chairman of Bel Air...
