Economy

The Austin Powers steamroller: How to trade CoreWeave's slow moving crisis

After a 27.5% drop from last Friday's close to this Thursday morning's 52-week lows, followed by a 17% rebound, equity traders holding CoreWeave are dazed.

Companies hint at layoffs, without saying who or when—and employees are left wondering who's on the chopping block

Companies like Nike, Skydance and Kroger are warning staff well in advance that layoffs are coming. But the primary audience isn't employees, experts say.

U.S. budget deficit swells to almost $2 trillion for fiscal 2026, up 12% in a single year

The Treasury Department published the U.S. budget deficit for the 2026 fiscal year.

Brent oil touches $110 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineries

U.S. crude oil prices rose sharply Friday as Iran escalated attacks in the Strait of Hormuz this week.

The Guardian view on the banks: too big to fail cannot mean too big to tax

Financiers owe their windfalls and bonuses to higher interest rates. Britain should reclaim more for the public and resist City lobbying

Anything not tied to artificial intelligence took off this week

S&P 500 stocks beyond the realm of AI are on pace for their second-largest weekly outperformance since 2024.

Schwab to create 'tax-aware' strategy that's been attracting billions from wealthy investors

Wealthy investors are flocking to tax-aware long short strategies, adding billions into these super-powered versions of tax-loss harvesting accounts.

U.S. presses China on Mastercard, Citigroup market access in bilateral Bangkok talks, official says

The U.S. raised market access issues for Mastercard and Citigroup in China during bilateral meetings in Bangkok this week, a U.S. Treasury official says.

What we want to see when Capital One and Meta report earnings next week

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

Analysis: Everyone expects the Fed to hold rates in October. Kevin Warsh could surprise us all

Investors expect the Fed to pause rate hikes in October, but Kevin Warsh's rejection of traditional communications practices and continued concern about inflation leave the decision uncertain.

Kimberly-Clark is having its best week in four years. Here's what is propelling shares higher

After a bruising September for the stock, the good news is starting to pile up.

E.l.f. Beauty CFO Mandy Fields on Consumers, Pricing, and Building a Foundation in Cosmetics

Mandy Fields, E.l.f. Beauty CFO, states that E.l.f. remains committed to its mission of making beauty accessible and utilizes social media for brand awareness.