Business
Bank of America has a favorite group of stocks to ride out the market turmoil
One sector offers investors “growth, defense and yield” at a reasonable price, analysts said. Source
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E-commerce stocks plummet as consumers pull back online spending
The Etsy website Gabby Jones | Bloomberg | Getty Images Shoppers are eager to head back to brick-and-mortar stores, while inflation is stoking fears that consumers are pulling back their spending on some items to still afford the essentials. That combination spells bad news for many e-commerce focused retailers, and their stocks tumbled amid a […]
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Main Street is convinced that a recession will hit the U.S. economy this year
Main Street and Wall Street are often at a distance when it comes to the state of the economy. The likelihood of a recession hitting in 2022 is the latest example. Both camps are bearish, but small business owners are leading the way in negative sentiment — by a notable margin. Wall Street has been […]
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SpaceX adds $25 monthly fee for users to temporarily change Starlink locations
Elon Musk’s SpaceX rolled out a $25 monthly fee this week for customers who seek to relocate their Starlink internet service satellite dishes. “Portability enables customers to temporarily move their Starlink to new locations and receive high-speed internet anywhere Starlink provides active coverage within the same continent,” SpaceX wrote in an email to customers on […]
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Rising interest rates mean higher loan costs when you go to buy a car. Monthly payments already average $650
Newsday Llc | Newsday | Getty Images On top of elevated prices for new and used cars, financing the purchase of one is about to get more expensive. With the Federal Reserve boosting a key interest rate by half a percentage point on Wednesday, borrowing costs are poised to head higher on a variety of […]
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Nikola stock jumps as EV truck maker reports start to production and surprise Q1 revenue
Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said Thursday it shipped its first semitrucks to customers in April, and that it now has purchase orders and letters of intent for over 500 of its battery-electric Tre trucks. The company is also working with clients including Anheuser-Busch Inbev to complete a longer-range […]
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5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to drop after a strong Fed-driven relief rally A screen displays the Fed rate announcement as a trader works inside a post on the floor of the New York Stock Exchange (NYSE) in New […]
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Evercore ISI downgrades Brinker, calls stock ‘dead money’ amid slow return to pre-Covid margins
Brinker International’s road to recovering pre-pandemic restaurant margins may take a little longer than expected, Evercore ISI said. Source
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Fanatics adds SoftBank executive, former Airbnb marketing chief to board of directors
A detailed photo of the Fanatics apparel displayed at NFL Hospitality during the 2018 NFL Annual Meetings at the Ritz Carlton Orlando, Great Lakes on March 26, 2018 in Orlando, Florida. Mark Brown | Getty Images Fanatics, the rapidly expanding sports e-commerce company, announced Thursday that it added SoftBank’s Lydia Jett and former Airbnb executive […]
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Bath & Body Works CEO Andrew Meslow to step down due to health reasons
Pedestrians walk past a Bath & Body Works store. Craig Warga | Bloomberg | Getty Images Bath & Body Works Chief Executive Officer Andrew Meslow is resigning from his role due to health reasons, the retailer announced Thursday in a securities filing. Meslow will also be leaving his position as a member of Bath & […]
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