industrial news

Did the stock market ‘misinterpret’ Fed again? What strategists say about the reaction to the July minutes

Minutes from the Federal Reserve’s meeting in July — at which policy makers hiked the benchmark interest rate by 75 basis points, indicate stock-market participants were too quick to price in a “less hawkish” policy outlook, some strategists argued Wednesday. Federal Reserve officials in July agreed that it was necessary to move their benchmark interest …

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Weighed Down by Opioid Litigation, Endo International Files for Bankruptcy

Text size Dreamstime The generic drugmaker Endo International , which faces thousands of lawsuits related to its alleged role in the opioid crisis, filed for bankruptcy late Tuesday morning, while announcing a plan to sell itself through a process administered by the bankruptcy court. As part of its plan, Endo (ticker: ENDP) secured an agreement …

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U.S. stock futures slip from 3-month highs as traders await Fed minutes

U.S. stock index futures fell back from recent highs early Wednesday as bulls held their fire ahead of the release of the minutes of the Federal Reserve’s last policy meeting later in the session while digesting July retail sales data. How are stock-index futures trading S&P 500 futures ES00 ES00, -0.77% dipped 38.8 points, or …

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It’s Not Just Bed Bath & Beyond: GameStop and Koss Lead a Meme Stock Parade

Text size Shares of Bed Bath & Beyond are up 316% over the last month. Michael M. Santiago/Getty Images As shares of Bed Bath & Beyond continued to surge Tuesday, it was joined by some of the usual meme stock suspects that also saw increased activity. Bed Bath & Beyond (ticker: BBBY) stock sailed to …

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Should Disney Spin ESPN Off? This Analyst Says No.

Text size ESPN attracts different customers than Disney’s other media offerings. Drew Angerer/Getty Images Walt Disney stock’s post-earnings run continued this week after Dan Loeb’s Third Point sent a letter to CEO Bob Chapek revealing another large stake and outlining suggestions for the entertainment giant. While an analyst at Citi Research sees merit in most …

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Stocks Are Mixed. The Mood Lifts After 2 Big Retail Beats.

Text size U.S. housing starts in July fell more than expected and to the lowest level since early in 2021. (Spencer Platt/Getty Images) Stocks were mixed in afternoon trading Tuesday after earnings from Walmart and Home Depot topped Wall Street forecasts. The Dow Jones Industrial Average gained 256 points, or 0.8% and was on pace …

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Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence.

Warren Buffett’s Berkshire Hathaway Inc. added to nine stock holdings during the second quarter, reduced holdings of four and sold two outright. That’s according to Berkshire Hathaway’s BRK.B, +1.24% most recent 13F filing with the Securities and Exchange Commission. The company held 45 stocks with a combined market value of $330.1 billion as of June …

Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence. Read More »

Home Depot Stock Surges as Earnings Top Forecasts

Text size Home Depot’s same-store sales rose 5.8%. Photo by FREDERIC J. BROWN/AFP via Getty Images Home Depot reported second-quarter earnings $5.05 a share, topping analysts’ estimates, and reaffirmed its 2022 guidance. Home Depot (ticker: HD) shares rose 4.7% to $329.35. It had been pressured in premarket trading after customer transactions declined 3% in the …

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Walmart Projects a Smaller Loss This Year as Sales Rise

Text size Walmart posted second-quarter adjusted earnings of $1.77 a share. Justin Sullivan/Getty Images Walmart ’s sales rose and earnings surpassed estimates in the second quarter, sending shares of the retail giant higher. On Tuesday, Walmart (ticker: WMT) posted adjusted earnings of $1.77 a share, beating analysts’ estimates of $1.63, according to FactSet. Sales of …

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