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Oil turns higher on decline in U.S. supplies as traders weigh demand outlook

Oil futures moved higher on Wednesday, buoyed by a second straight weekly decline in U.S. crude supplies, as a slowdown in the U.S. inflation rate lifted prospects for interest-rate cuts and the potential for stronger energy demand.

Wed May 15, 2024 19:57
GameStop and AMC’s stock were halted 38 times on Tuesday. This expert has been arguing for decades that halts don’t work.

Charles M.C. Lee, professor emeritus at the Stanford Graduate School of Business, has been questioning the wisdom of trading halts for some time.

Wed May 15, 2024 19:57
Mizuho still recommends Terns Pharma as a cheap entry to the weight-loss-drug craze

Mizuho analysts are betting the stock of the small biotech Terns Pharmaceuticals Inc. could rally sharply if the company’s oral weight-loss drug proves successful when data from an early-stage trial is released later this year.

Wed May 15, 2024 19:57
The soft economic data has been bad. The hard data is starting to weaken as well.

Surveys of consumers as well as businesses have been pessimistic for some time. Now the hard data, such as the retail-sales report for April, is starting to weaken as well, though it’s still much better than what the so-called soft data is suggesting.

Wed May 15, 2024 19:57
Child care costs more than a mortgage payment or rent almost everywhere in the U.S.: ‘There is no escaping it’

The average cost of child care for two children is now greater than the average rent in all 50 states, and greater than the average mortgage payment in 45 states.

Wed May 15, 2024 19:57
AMC’s stock tumbles on news company will issue 23.3 million of shares in debt-for-equity swap

Move, along with a recently completed at-the-market offering, should reduce net leverage for the indebted cinema operator by about 10%, says B. Riley analyst.

Wed May 15, 2024 19:57

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