|
The company is keeping costs in check while signaling upbeat growth trends, analysts say.
|
|
The July gains came after Citadel acquired the bulk of the public-stock portfolio formerly held by Situational Awareness late last month.
|
|
Lilly reports second-quarter 2026 financial results, raises full-year guidance, and highlights continued growth and pipeline progress Eli Lilly and CompanyEli Lilly easily tops quarterly estimates, raises outlook as Zepbound and Mounjaro sales surge CNBCLilly's Mounjaro, Zepbound sales surge, widening lead over Novo Nordisk ReutersLilly Boosts Sales Guidance on Strong Demand for Obesity Drugs Bloomberg.com
|
|
Morgan Stanley expects $64 billion in capital spending from SpaceX this year. The company is dramatically ramping up AI investments.
|
|
Drug-resistant ‘superbug' spreading across US has hit NJ— and it can hide in plain sight New York PostCases of potentially deadly fungus detected in 23 states, CDC data shows. What to know ABC News - Breaking News, Latest News and VideosDrug-resistant fungus Candida auris detected in 23 states so far this year KOMODrug-Resistant ‘Superbug' Confirmed in 23 States: Should You Worry? Healthline
|
|
Private sector hiring grew by 44,000 jobs in July, while pay increased 4.4% year-over-year, payroll giant ADP reported Wednesday, as the pace of hiring slowed this summer.
|
|
Jeff Dean, who for years was one of Google's most important executives, is leading the new artificial intelligence company with the backing of Google.
|
|
Carvana said Wednesday it expects earnings of between $2.7 billion and $3 billion this year after reporting record quarterly results for the second quarter.
|
|
Stocks jumped out of the gate Friday after the release of the August jobs report. But enthusiasm from the few investors that stuck around ahead of the long holiday weekend didn't last, with all three indexes ending in the red.
SEE MORE Hedge Funds' 21 Top Blue-Chip Stocks to Buy Now
The Labor Department this morning said the U.S. added 315,000 new jobs in August, well below July's 526,000. Also in the jobs report: the unemployment rate edged up to 3.7% from 3.5%; the labor participation rate, or the number of people actively seeking work, improved to 62.4% from 62.1%; and average hourly earnings - a key measure of labor cost inflation - was up 5.2% year-over-year, same as it was in July.
"Friday's jobs data provided some moderate relief, with payrolls almost landing precisely on consensus at 315,000 in August," says Douglas Porter, chief economist at BMO Capital Markets." While no doubt a solid advance - and completely inconsistent with recession chatter - other aspects of the report sent some calming signals." Porter points to steady wage growth, an increasing labor force and the rising unemployment rate that suggest "the extreme tightness in the job market may be beginning to moderate - almost exactly what the Fed doctor ordered."
Still, the major indexes, after being up more than 1% each around lunchtime, swung lower in afternoon trading after news reports indicated Russian energy giant Gazprom will indefinitely suspend operations of a natural-gas pipeline to Germany.
Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.
By the close, the Nasdaq Composite was down 1
|
|
