Markets
Goldman Sachs CEO Says Markets in 'Greed Mode' as AI Companies Prepare Massive IPOs
David Solomon warns of exuberant investor sentiment as artificial intelligence firms seek billions in public offerings.
Section
Markets Page 2
Markets news: stocks, bonds, oil, crypto and the Federal Reserve.
MarketsVictoria's Secret Shares Spike 40% After Big Earnings Beat
The lingerie retailer reported strong quarterly results and raised its sales outlook as CEO Hillary Super's turnaround strategy wins over young shoppers across all income levels.
MarketsAI Startup Valuations Crash as ChatGPT Era Leaves Earlier Companies Behind
Hundreds of AI startups built before 2022 find themselves 'disrupted or dead' as $250 billion flows to newer generation companies.
MarketsBerkshire's Taylor Morrison Bet Signals Housing Market May Have Bottomed
Analysts say the deal between Warren Buffett's company and the homebuilder indicates that the housing market downturn may be reaching its end.
- Markets
AI Startup Boom Leaves Pre-ChatGPT Companies 'Disrupted or Dead' as Valuations Collapse
The artificial intelligence revolution has funneled over $250 billion into new players while leaving hundreds of earlier startups stranded.
MarketsDisney Ramps Up Advertising Business as Rita Ferro Leads Expansion Push
Media giant secures advertising deals for Super Bowl, Oscars and Grammys in 2027 as global ad president drives revenue growth strategy.
MarketsExperimental Lung Cancer Drug Cuts Death Risk by 34% in Major Chinese Trial
Akeso and Summit Therapeutics report breakthrough results for ivonescimab in late-stage study, potentially offering new hope for patients with advanced lung cancer.
MarketsTrump Reverses Course to Fast-Track Psychedelic Drugs for Mental Healthcare
The president is pushing to accelerate research into psychedelics as mental health treatments, creating new investment opportunities alongside regulatory risks.
MarketsWarner Music Group Expands Into Growing South Asian Music Market
The third-largest music label by market share launches 5 Junction venture to tap into the rapidly expanding South Asian music movement in the United States.
- Markets
Warner Music Group Taps Into Growing South Asian Music Market in US
The third-largest music label by market share launches 5 Junction venture to capitalize on South Asian music movement with significant investor backing.
MarketsDisney's ABC Files Early Broadcast License Renewals Under Protest After FCC Review
Disney filed renewals for eight broadcast station licenses years ahead of schedule after the FCC launched an early review, with the new FCC Chair vowing to 'follow the facts.'
MarketsGap Shares Tumble 14% as Retailer Cuts Sales Guidance After Old Navy Disappointment
The clothing retailer issued mixed results as sales at its largest brand fell short of estimates, prompting management to lower full-year projections.
MarketsReplimune to Resubmit Twice-Rejected Drug for FDA Approval After Agency Shakeup
Biotech company plans new application following FDA leadership changes, after previously criticizing agency for inconsistent guidance around trials.
- Markets
Gap Shares Plunge 14% as Old Navy Disappoints Despite Company Beat
Retailer cuts sales guidance after its largest brand fails to meet expectations, overshadowing overall earnings success.
MarketsNew York's Pied-à-Terre Tax Passes, Targeting Billionaire Real Estate Holdings
Legislation championed by Mayor Zohran Mamdani specifically targets luxury property owners like Citadel CEO Ken Griffin in bid to generate municipal revenue.
MarketsBest Buy Stock Soars 15% on Earnings Beat as Retailer Fights Sales Slump
Electronics giant reports better-than-expected quarterly results while working to reverse declining revenue trends.
MarketsLululemon Settles Proxy Battle With Founder Chip Wilson Over Board Control
The athletic apparel company agreed to add two board nominees backed by Wilson, ending a contentious fight over the company's strategic direction.
MarketsJPMorgan Chase CEO Says Bank Could Spend $20 Billion on Major Acquisition
Jamie Dimon reveals the nation's largest bank is actively seeking acquisition targets, with potential deals that could invite significant regulatory scrutiny.
MarketsSummer Travel Costs Soar as Iran War and Spirit Collapse Hit Vacationers
Memorial Day weekend will test consumer spending limits as high fuel prices and reduced airline capacity drive up vacation expenses nationwide.
MarketsAutoZone Stock Plunges Despite Beating Wall Street Estimates in Worst Day Since 2020
Auto parts retailer faces concerns over international growth and margin compression amid inflation pressures and potential supply chain disruptions.
MarketsAmerican Airlines Picks SpaceX Starlink for In-Flight Wi-Fi on 500+ Aircraft
The major carrier joins the growing list of airlines adopting Elon Musk's satellite internet service to improve passenger connectivity.
MarketsNon-Carbonated Alcoholic Drinks Steal Market Share From Hard Seltzers as Gen Z Shifts Preferences
Brands like Surfside and BeatBox are capturing 'share of throat' from traditional hard seltzers in rapidly evolving beverage market.
- Markets
Summer Travel Season Tests Consumer Limits as Spirit Airlines Collapses, Fuel Prices Surge
Memorial Day weekend will reveal how much travelers are willing to pay as airline industry faces major disruption from carrier collapse and elevated fuel costs.
MarketsDisney's 'Mandalorian and Grogu' Posts Lowest 'Star Wars' Preview Sales Ever
Film tallies just $12 million in Thursday night previews, marking weakest advance ticket collection in franchise history.
MarketsConcert Ticket Prices Face 'Blue Dot Fever' Reality Check This Summer
Rising prices across the economy are forcing consumers to be more selective about live music spending, creating challenging dynamics for the industry.
- Markets
Non-Carbonated Drinks Challenge Hard Seltzer's Dominance Among Gen Z
Brands like Surfside and BeatBox are stealing market share from fizzy alcoholic beverages as younger consumers seek new drinking experiences.
- Markets
Memorial Day Travel Tests Consumer Limits as Spirit Collapse and Fuel Costs Soar
The unofficial start of summer travel season will reveal how much Americans are willing to pay amid airline disruptions and rising gas prices.
- Markets
Memorial Day Travel Season Tests Consumer Limits as Fuel Prices and Spirit's Collapse Create Perfect Storm
The unofficial start of summer travel will reveal how much Americans are willing to pay as airline capacity shrinks and gas prices soar.
MarketsEgg Prices Plunge Due to Oversupply After Bird Flu Shortages
Producers report squeezed profit margins despite falling consumer prices as persistent feed, fuel, and labor costs continue to rise.
- Markets
Disney's 'Star Wars: The Mandalorian and Grogu' Posts Lowest Thursday Previews in Franchise History
The latest Star Wars film collected just $12 million in Thursday night previews, signaling potential challenges for the franchise's box office performance.