U.S. Treasury yields edged lower Thursday morning after new jobless claims showed the number of people who applied for unemployment benefits in early June jumped to a nearly two-year high, while investors reassessed Federal Reserve policy trajectory following unexpected interest-rate rises by central banks in Australia and Canada.What’s happening The…
Here are some of the bigger stock movers on Thursday. Stock gainers: Tesla Inc.’s stock TSLA, +3.06% jumped nearly 4% in midday trading, to put it on track for a 10th-straight gain, which would be the longest win streak in more than two years. Data out of China showed that…
U.S. stocks opened mixed on Thursday as richly-valued technoloy stocks attempted to shake off pressure from renewed worries about the outlook for interest rates. What’s happening The S&P 500 SPX, +0.12% gained 3 points, or 0.1%, to 4,270. The Dow Jones Industrial Average DJIA, +0.15% fell by 7 points, or…
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You’ve undoubtedly heard about “quiet quitting,” the supposed pandemic workplace trend of “doing the least amount of work, just this side of being fired,” as journalist and author Julia Keller puts it in her new book, “Quitting.” You probably haven’t heard of something Keller calls “quasi-quitting.” That’s a kind of precision…
Canada looks headed for its worst-ever year of wildfire destruction and compromised air quality as warm and dry conditions are expected to persist through the end of summer after an unprecedented start to the fire season. With some 150 blazes, air-quality concerns have hit high-population Quebec and Ontario in particular,…
Big Tech’s market value in the S&P 500 index has surged to more than a quarter of the index, with just seven stocks this year adding heft larger than the weight of its entire energy sector, according to DataTrek Research. Companies known as Big Tech, including Apple Inc. AAPL, -0.78%,…
Gold futures declined Wednesday, settling at their lowest in more than a week, as investors awaited further clues on the Federal Reserve’s interest rate path.Price action Gold for August delivery GC00, +0.16% GCQ23, +0.16% fell $23.10, or 1.2%, to settle at $1,958.40 an ounce on Comex after posting back-to-back session…
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Shares of Netflix Inc. jumped toward a fresh 16-month high Wednesday, after J.P. Morgan analyst Doug Anmuth boosted his price target by 24%, amid increased optimism over the opportunity for the streaming video giant to make money on password sharers and borrowers. Anmuth said that, following Netflix’s “Upfront” presentation in…