The Motley Fool

These companies became titans by dominating a single industry, but they're now expanding and seeing success in other areas.

These 2 Dow Stocks Are Set to Soar in 2024 and Beyond

TheStreet

Wall Street extends its winning streak as investors feel more confident about the economy.

Stock Market Today: Stocks end higher as consumers defy recession fears; Walmart soars

Markets Insider

Inflation continued to cool in July, instilling further confidence that the Fed will begin cutting rates at its meeting in September.

Stock market today: Indexes edge up as cool July inflation locks in rate cut expectations

Alibaba's June-quarter results missed expectations for revenue and profit. Revenue from the Chinese e-commerce retailer's cloud division rose 6% year-over-year and artificial intelligence (AI)-related product revenue was reported to grow at a "triple-digit" pace. The Chinese company's U.S.-traded shares edged lower Thursday afternoon after a steep decline in premarket trading.

Alibaba Stock Mostly Recovers After Earnings Miss

Indexes rose after a surprise 1% jump in retail sales. Bond yields jumped as traders dialed back fears of an imminent economic slowdown.

Stock market today: Indexes rise after retail sales boosts confidence on the consumer and the economy

 Warren Buffett is betting big on this beauty brand. Warren Buffett’s Berkshire Hathaway halved its stake in Apple in the second quarter, a selloff that could cost the Omaha-based conglomerate more than what Coca-Cola brings in in a year. Suggested Reading. Chipotle's stock tanked after CEO left but...

Warren Buffett's Apple stock selloff will cost $15 billion in taxes — more than what Coca-Cola makes in a year

A report released by the Labor Department on Thursday unexpectedly showed a continued decline by first-time claims for U.S. unemployment benefits in the week ended August 10th. The Labor Department said initial jobless claims fell to 227,000, a decrease of 7,000 from the previous week's revised level of 234,000. Economists...

U.S. Weekly Jobless Claims Unexpectedly Extend Pullback

Elliott Investment Management says it intends to nominate 10 directors to Southwest Airlines' 15-person board. Elliott, which manages funds that own around 11% of the Dallas-based airline, has been fighting to change the board and leadership at the carrier. Southwest said it will evaluate Elliott's director nominees as "part of...

Elliott Wants to Shake Up Southwest Airlines' Board

Candy giant Mars' $35.9 billion offer for Kellanova is a fresh burst of energy for the mergers and acquisitions market. The Mars transaction is the largest M&A deal this year, according to Dealogic, ahead of Capital One Financial’s $35.3 billion deal to acquire Discover Financial Services, announced in February.

How the $35.9B Mars Bid for Kellanova Stacks Up Among Food and Drinks Deals

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Medicare enrollees will save money on 10 drugs in 2026 as a result of negotiations initiated by the Inflation Reduction Act (IRA). Large pharmaceutical firms have sued the federal court about the negotiations, but all court decisions have ruled in favor of the IRA. The federal government will continue to...

Medicare Enrollees Will See Significant Price Reductions For 10 Drugs

Business Insider

These are today's mortgage and refinance rates. Rates are trending down, following weak labor market data for July and a rough stretch for the stock market.

Mortgage Interest Rates Today, August 7, 2024 | 30-Year Rates Drop Below 6%

Home Depot shares edged lower in early trading Tuesday despite a second-quarter earnings beat as the home-improvement giant lowered its 2024 comparable sales guidance. Home Depot now sees full-year comparable sales down 3% to 4% from fiscal 2023, worse than its previous guidance of a 1% decline. CEO Ted Decker...

Home Depot Lowers Its Comparable Sales Outlook

Major U.S. stock indexes surged in afternoon trading Friday, as a volatile week of equities trading gets set to draw to a close. The Dow Jones Industrial Average was up 0.4% recent trading, while the Nasdaq Composite and S&P 500 were both up 0.7%. All three indexes closed sharply higher on Thursday, with the S&P 500 and Nasdaq recording their biggest one-day point gains since 2022, as the economic concerns that had roiled the market for the past week subsided after a benign weekly jobless claims report.

Dow Jones Today: Stocks Move Higher; S&P 500, Nasdaq Back in the Green for the Week

Intel sold its stake in Arm during the second quarter as chipmaker works to cut costs, a filing showed. Intel recently reported a wider-than-expected loss for the second quarter and announced a $10 billion plan to cut costs that includes laying off 15% of its workforce. Analysts have questioned whether...

Intel Sells Arm Stake Amid Cost-Cutting Efforts

Tencent Music Entertainment Group posted a big decline in second-quarter revenue for its social entertainment services, which includes its karaoke app WeSing. The Chinese company also posted a drop in monthly average users. Tencent has been hurt by tough restrictions from Beijing on streaming services. American depositary receipts (ADRs) of...

Tencent US-Listed Stock Dives as Karaoke Unit Revenue Plummets

The states with Tuesday's lowest 30-year new purchase mortgage rates were New York, California, Texas, New Jersey, Alaska, Florida, Michigan, and Washington. Meanwhile, the states with the most expensive averages Tuesday were Washington, D.C., Vermont, West Virginia, Nebraska, North Dakota, Maryland, Iowa, and Wisconsin. Mortgage rates vary by the state...

Today's Mortgage Rates by State – Aug. 14, 2024

Warren Buffett's Berkshire Hathaway added new positions in Ulta Beauty and Heico Corp. in the second quarter, according to a regulatory filing released Wednesday. Berkshire cut its Apple stake by half in the quarter, though the tech company remains its top holding, accounting for nearly a third of the portfolio.

Warren Buffett Bet On Ulta Beauty, Heico in Q2. See How His Portfolio Changed.

Goldman Sachs held $418.65 million in spot bitcoin exchange-traded funds (ETFs) as of June 30, an SEC filing showed. The majority of these holdings are in the shares of BlackRock's IBIT fund. Previously, multiple executives from Goldman Sachs have shared skepticism about investing in bitcoin and cryptocurrency assets. Goldman Sachs...

Goldman Sachs Held More Than $400M In Spot Bitcoin ETFs, Filing Shows

The Hill

NEW YORK (AP) — U.S. stocks rallied Tuesday to one of their best days of the year after the first of several highly anticipated reports on the economy this week came in better than expected. The S&P 500 jumped 1.7% for its third-best day of 2024 after the U.S....

Stock market today: Wall Street rallies to one of its best days of the year after inflation report

NewsBreak

S&P 500 Gains and Losses Today: Progressive, Schwab Boosted by Strong Monthly Updates

The S&P 500 advanced 0.4% on Wednesday, Aug. 14, 2024, as the latest CPI data showed inflation ticked lower during July. Shares of Progressive and Charles...

S&P 500 Gains and Losses Today: Progressive, Schwab Boosted by Strong Monthly Updates

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