Rent the Runway Inc. on Wednesday said it expected breakeven free cash flow this year, following cost cuts and signs of a revival in shoppers’ enthusiasm.
Investors are abandoning bets that the Federal Reserve will cut interest rates three times in 2024, removing a critical safety net for stocks.
Uniswap Labs has received a notice from the Securities and Exchange Commission that it could soon be charged with violating federal securities laws, its CEO Hayden Adams said in a post on X Wednesday.
Nvidia’s $2.2 trillion market cap, once seen as “unfathomable,” could head even higher, according to Morgan Stanley.
Cattle producers fret about market transparency after USDA cancels its July cattle report due to budget constraints.
“You have to take seriously the possibility that the next rate move will be upwards rather than downwards.”
U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida faced questions on the proposed $14 billion buyout at joint news conference.
Trump Media’s stock has lost about 33% since it took the former president’s initials as its ticker.
The media conglomerate is in exclusive merger talks with Skydance Media, the independent production company run by David Ellison.
The U.S. budget deficit has topped $1 trillion halfway through the current fiscal year, driven in part by rising interest payments on the national debt.
Amazon can be a play on the AI chip craze alongside the more obvious players, and that’s one reason a D.A. Davidson analyst thinks it has upside.
Markets were rattled Wednesday by a stronger-than-expected inflation report, with stocks and bonds selling off as investors questioned whether the latest data will keep the Federal Reserve from cutting interest rates at all this year.
According to minutes from the March 19-20 meeting, Fed officials said they did not want to repeat the 2017-2019 balance-sheet runoff, which ended after turmoil in money markets.
There are signs that retail gold investors are starting to shy away from profit-taking, even as prices for the metal rise to fresh all-time highs.
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.
Inflation is remaining hotter than expected for longer than the Federal Reserve would like — and policy makers may have no one to blame but themselves, according to one economist.
“I found out last year, after talking to a few people who did the modification, that it should have been only for 10 years.”
High-yield debt and equity follow-on deals expected to help investment banking revenue.
