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KR Stock Price | Kroger Co. Stock Quote (U.S.: NYSE)
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A Microsoft in the making? Oracle’s cloud momentum is giving one analyst flashbacks.
With its $330 billion-plus valuation, Oracle Corp. is hardly small. But might it be a “mini Microsoft?” Bernstein analyst Mark Moerdler is kicking that idea around, writing in a note to clients Wednesday that Oracle’s ORCL, -1.24% transition to the cloud harks back to when Microsoft Corp. MSFT, +1.84% went through a similar journey nearly…
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Tesla, Anheuser-Busch, Logitech shares rise, while AMC, iRobot, Virgin Galactic shares fall, and other stocks on the move
Here are some of the bigger stock movers Thursday: Stock gainers: Tesla Inc. TSLA shares climbed 1.5%, reversing an earlier intraday loss of as much as 4.3%. The initial selloff followed a downgrade to equal weight from overweight at Morgan Stanley, which cited concerns over valuation and the expectation that the electric-vehicle giant will keep…
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‘Take-under’ deal for Silicon Valley Bank fuels $9.5 billion profit for First Citizens Bancshares
The $9.5 billion profit posted by First Citizens Bancshares Inc. from a one-time gain on its acquisition of Silicon Valley Bank stands out as the second-largest profit among all banks in the second quarter and is much higher than in any previous quarter for the company. In an eventful period for the sector that saw…
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Why Intel was the Dow’s worst performer for a second day in a row
Intel Corp.’s stock fell for a second consecutive session Wednesday, and was again the worst performer in the Dow Jones Industrial Average, after the chip maker laid out plans to compete against third-party fab giant Taiwan Semiconductor Manufacturing Co. Intel’s INTC, -0.58% shares, which had been down about 2% before a late-morning event with Wall…
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KBH Stock Price | KB Home Stock Quote (U.S.: NYSE)
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Tesla’s stock suffers deepest loss in two months
Shares of Tesla Inc. ended more than 5% lower Wednesday in the wake of a downgrade by Barclays. The electric-vehicle maker’s TSLA, +1.98% stock notched its worst one-day percentage drop since April 20, when it fell 9.75%. Earlier Wednesday, analyst Dan Levy at Barclays said that for all that Tesla has been a momentum stock…
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Hey, politicians, keep your hands off our Social Security
Here we go again. Christie’s ideas include means-testing Social Security benefits for the very wealthy, and raising the retirement age for those in their 30s or 40s. Neither idea is totally crazy. Neither even need be draconian — at least in principle. But the devil, as usual, will be in the details. We were not…
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Jobless claims hit highest level since late 2021. Are layoffs getting worse?
[]The numbers: The number of Americans who applied for unemployment benefits last week was flat at 264,000, leaving it at a nearly two-year high and possibly signaling some decay in the U.S. labor market. []New jobless claims from two weeks ago were revised slightly to 264,000 from an original 262,000, government data showed. { if…
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STZ Stock Price | Constellation Brands Inc. Cl A Stock Quote (U.S.: NYSE)
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