• First-quarter GDP declined 1.5%, worse than thought; jobless claims edge lower0

    A ‘We’re Hiring!’ sign is posted at a Starbucks in Los Angeles, California. Mario Tama | Getty Images The U.S. economic contraction to start the year was worse than expected as weak business and private investment failed to offset strong consumer spending, the Commerce Department reported Thursday. First-quarter GDP declined at a 1.5% annual pace,

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  • Thursday top Wall Street calls: Tesla, Lululemon, Apple, Amazon0

    Here are Thursday’s biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said in a note Wednesday night that reports of iPhone 14 delays are overblown. “Our supply chain checks don’t indicate delays, and looking at past flagship iPhone launches, there’s minimal impact to FY shipments or AAPL stock performance when

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  • UK slaps windfall tax on oil and gas giants0

    Sunak previously described the idea of a windfall tax on oil and gas majors as “superficially appealing” but a decision that would ultimately deter investment. Jonathan Brady – Pa Images | Pa Images | Getty Images LONDON — U.K. Finance Minister Rishi Sunak has imposed a windfall tax on oil and gas majors as the

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  • UBS downgrades Kraft Heinz amid inflationary pressures0

    Rising inflation is hitting many popular consumer products hard, and Kraft Heinz is no stranger to the trend, according to UBS. Analyst Cody Ross downgraded the stock to a sell rating, citing risks from inflation and private label competition in a note to clients Thursday. “KHC is contending with one of the highest inflationary pressures

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  • Treasury yields fall following Fed minutes0

    U.S. Treasury yields were mostly flat Thursday, as investors digested the latest Federal Reserve meeting minutes. The yield on the benchmark 10-year Treasury note fell marginally to 2.74%. The yield on the 30-year Treasury bond moved 1 basis point higher to 2.974%. Yields move inversely to prices, and 1 basis point is equal to 0.01%.

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  • CEPI chief outlines the disease differences0

    Health officer uses a thermal head to detect a monkeypox virus on arriving passengers at Soekarno-Hatta International Airport in Tangerang near Jakarta, Indonesia on May 15, 2019. Jepayona Delita | Future Publishing | Getty Images The sudden emergence of monkeypox in several countries around the world represents a concerning outbreak, the head of the Coalition

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