Making Money on the Election Trade Is Harder Than Ever
The obvious lesson: Trades based on voting results are a gamble on unreliable polling.
Discover in Settlement to Resolve Card Product Misclassification Suit
Discover increased its liability to provide refunds as a result of the misclassification to $1.2 billion, which is expected to cover all payments under the settlement, the company said.
Investor Group Raises Macy’s Buyout Offer, Again
Arkhouse Management and Brigade Capital Management want to acquire Macy’s shares they don’t already own for $24.80 each, or roughly $6.9 billion.
Saks Owner to Buy Neiman Marcus, With Help From Amazon
Retail rivals strike a $2.65 billion merger as they seek to gain scale against luxury brands.
S&P 500, Nasdaq Hit Fresh Records in Holiday-Shortened Session
Tesla shares notch their longest winning streak in almost a year; Paramount Global stock jumps thanks to deal news.
U.S. Crude Oil Inventories Fall More Than Expected
Government data showed crude-oil inventories fell by 12.2 million barrels last week, much greater than the decline of 1.1 million barrels that analysts expected. Gasoline and distillate fuels fell too,…
The S&P 500 Isn’t as Diverse as It Used to Be. Here’s Why That Matters.
As tech and financial stocks have come to dominate the index, volatility and interest-rate sensitivity have picked up.
Only the Fed Can Rekindle America’s Love for Cars
New-vehicle sales are stuck in middle gear as high interest rates and high prices push less affluent consumers into the secondhand market.
Your Old Clothes Are Worth Billions
Secondhand apparel retail is a booming business, but turning a profit is harder than it sounds.
Sudden Return of the Trump Trade Sends Treasurys Reeling
The increasing likelihood of a second Trump administration has helped spark a steep selloff in U.S. government bonds.