Author: super@dmin

Shares of Allstate Corp. tumbled Thursday, enough to pace the S&P 500 index’s losers by a wide margin, after the insurer warned of a surprise third-quarter loss, amid weakness in its personal auto business.

Reddit-loving day traders are reportedly returning to their day jobs, according to the Wall Street Journal. But back in the world of high finance, professional traders have adopted one of their signature trading strategies, according to one closely followed markets guru.

Lam Research Corp. shares rally as Wall Street analysts cut target prices, anticipating a bottom to the stock as the chip equipment maker posted earnings that beat expectations and a strong forecast.

J&J said surgical procedure volumes are returning to pre-pandemic levels in many parts of the world.

Fifth U.S. Circuit Court of Appeals panel in New Orleans faults funding of Consumer Financial Protection Bureau by the Fed rather than through congressional allocation.

Rival rail operators CSX Corp. and Union Pacific Corp. on Thursday both reported third-quarter results that beat estimates, helped by higher prices and the fuel surcharges they tack on to offset fuel prices. But different outlooks for both companies sent their stocks in opposite directions.

A new Conservative party leader and U.K. prime minister is likely next week.

A bruising year for Snap Inc.’s shares worsened Thursday, as the stock plummeted more than 25% in after-hours trading as executives launched the company’s first major share-repurchase program amid revenue issues in a poor environment for online advertising.

More than 160 people are losing their jobs as Meta cuts back on its once-ubiquitous tech bus shuttles.

Intel Corp. is planning on announcing “targeted” layoffs in November, according to a report late Thursday, citing an internal video shared with employees.