Defensive stocks are making a comeback as Fed readies rate cuts. What’s next for Wall Street’s hottest trade.
A previously unloved corner of the U.S. stock market has quietly emerged as one of the top performers on the S&P 500, reshaping Wall Street
Small-cap stocks beating S&P 500 this quarter as investors expect Fed rate cuts
U.S. small-cap stocks are beating the S&P 500 in the third quarter, even after being more badly battered than large-cap equities in September. Source link
Campbell’s drops ‘Soup’ from name, but it will still make soup
After 155 years, the Camden, N.J., company and component of the S&P 500 is officially changing its name to the Campbell’s Company. Source link
CPI inflation report could push Fed to make an even bigger rate cut in September
How big a pair of scissors will the Fed take to interest rates? It’s a big topic as investors await inflation data due Wednesday. Source
Oracle’s stock gains as company improves its earnings profile
Oracle is the latest software company to show profit progress in its financial results — and see its stock get rewarded. Source link
The Biden administration said their student debt was canceled, but their servicer still says they owe. Now they’re suing.
Borrowers allege in a lawsuit against MOHELA that in some cases they’ve been waiting years for the debt relief they were promised Source link
‘We’re happily married, mediocre gay men’: We’re 58, earn $160,000 and saved $2.2 million. We grew up poor. Our families treat us like ATMs. Are we OK?
“Our relatives are very poor, and our acquaintances are either single men getting by paycheck-to-paycheck, very successful professionals or trust-fund babies.” Source link
The bond market just flashed a reliable recession signal. Don’t panic.
The Treasury market’s yield curve uninverted for first time since July 2022. Source link
Docusign posts earnings beat and turns to next leg of post-pandemic strategy
The e-signature company recently started rolling out a new platform that uses AI and lets customers analyze all their contracts. Source link
HPE posts record AI revenue, but stock falls after earnings
HPE’s outlook bracketed the consensus view, beating at the midpoint on revenue but coming up shy at the midpoint on earnings per share. Source link