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Today News

05

Oil prices jump, U.S. stock futures sink on reports of explosions heard in Iran

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Crude oil prices jumped and U.S. stock futures sank Thursday night following reports of explosions in a city in western Iran, amid fears of a wider conflict between Israel and Iran.

Japan’s inflation marks two years above BOJ’s target as meeting looms

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Japan’s consumer inflation has stayed above the Bank of Japan’s 2% target for two years, government data confirmed Friday, amid speculation over further interest-rate increases.

03

Paramount shares rise after Sony, Apollo reportedly seek to join deal talks

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Shares of Paramount Global were trading higher following a report that Sony’s movie studio division is in talks with Apollo Global Management about joining a bid for Paramount.

02

Constellation Brands moves itself further away from cannabis grower Canopy Growth’s business

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Alcoholic-beverage giant Constellation Brands Inc. on Thursday announced a number of moves intended to further wash its hands of the struggling Canadian cannabis producer Canopy Growth Corp., following a multibillion-dollar investment in…

Jabil’s stock declines as CEO Kenny Wilson goes on paid leave pending an investigation

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The company says the investigation is related to company policies but not financial statements or reporting.

This trader’s ‘core’ bullish position washes out as major S&P 500 supports break down

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McMillan: Investment picture has changed and investors need to adjust their view now.

Here’s how much Netflix’s co-CEOs and other executives made last year

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Greg Peters got a nearly 43% pay bump in 2023 after he was elevated to co-chief executive for nearly all of the year, Netflix Inc.’s latest proxy filing showed.

How much stock exposure is enough for retirees? These 10 target-date funds offer clues

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Funds pegged to retirement in 2020 still kept a meaningful allocation to the stock market.

01

Why Netflix’s big planned change to its earnings reports is a bad sign

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On Wall Street, less disclosure is never a good thing, and Netflix investors should be displeased by a planned reporting change.

Thursday, Apr 18

00

Nordstrom confirms it’s looking to go private, with founding family interested in deal

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Nordstrom Inc. has formed a special committee of independent directors to explore going private, the company said on Thursday — a move that arrives as clothing retailers struggle with subdued demand and pressure from investors for stronger…

Frontier Communications is latest company hit by cyberattack

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Frontier’s stock was falling after the disclosure, though the company says the cyber incident is not expected to ‘materially impact’ financials.

KB Home board authorizes $1 billion stock buyback, raises dividend by 25%

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KB Home’s board has authorized the repurchase of up to $1 billion in shares and raised the company’s quarterly dividend to 25 cents a share from 20 cents.

23

This major bond ETF is getting ‘hammered’ as investors brace for rate-cut delays

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In the bruised bond market, some investors may be tempted by higher yields as questions swirl around when — and whether — the Federal Reserve may start cutting interest rates this year.

Here’s how to find ‘free’ financial help even if you don’t have $1 million-plus

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The people who need financial help the most often feel like they can’t afford it.

22

2-year Treasury yield ends at almost 5% after Fed’s Williams answers question on possible rate hike

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A selloff in U.S. government debt pushed the policy-sensitive 2-year rate to a five-month high on Thursday after a key Federal Reserve official did not rule out the possibility of a rate hike.

Here is a one-year CD that now pays 5.36% — thanks to the Federal Reserve

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There are safe places to park your money and get a decent return.

IRA beneficiaries don’t have to take an RMD this year. But here’s why maybe they should.

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Beneficiaries of individual retirement accounts don’t have to take required minimum distributions this year — a responsibility that can normally result in owing more in taxes.

Global oil prices fall for fourth straight session, with demand and Middle East risks in focus

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Global oil prices end lower for a fourth straight day Thursday, while U.S. benchmark crude prices settle with a slight gain.

21

These ‘low risk’ investments are on sale — and that’s good news for retirees

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This stampede away from certain assets has created a buyer’s market.

3M may be poised to cut its dividend — and break with a 64-year tradition, says analyst

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The company is grappling with legal settlements and a slowdown in growth and margins that are making its dividend difficult to sustain.

Alaska Air’s stock climbs to 8-month high as quarterly results beat views

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Alaska Air Group has received $162 million in initial cash comp from Boeing over window blowout

These tips for investing in mutual funds and ETFs can elevate your portfolio

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This week: Retirement planning with target-date funds; fighting inflation with TIPS funds, and tapping into growth trends and buyouts.

June Fed rate-hike risk looms as U.S. labor market stays strong

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The once-unthinkable scenario of no interest-rate cuts by the Federal Reserve in 2024 is now giving way to another possibility: a slight chance of a quarter-point rate hike by June.

20

Stocks are bad at holding early gains lately. Can they avoid this six-year milestone?

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The S&P 500 needs to end higher on Thursday to avoid a four-day streak of opening in the green, but closing in the red.

This century-old stock-market indicator suggests selloff is far from over

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A stock-market indicator with more than a century of history is flashing a warning for investors, suggesting the selloff that began earlier this month may deepen.

This coding boot camp offered an alternative to student loans. It was a sham, regulators say.

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The Consumer Financial Protection Bureau found that BloomTech misled prospective students with its income-share agreements.

Mortgage rates hit highest level since November, pushing monthly payment for a typical home close to $3,000

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The 30-year mortgage rate is averaging 7.1%, Freddie Mac said in its latest weekly survey on Thursday.

White House ‘carefully monitoring’ gasoline prices to make sure they’re affordable, Biden aide says

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The Biden administration is “carefully monitoring” gasoline prices to ensure their affordability for Americans, a top White House economist said Thursday, as prices have climbed compared to a month ago.

19

Ibotta’s stock soars 27% in trading debut after IPO priced a full $4 above price range

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The company allows consumer packaged goods companies to offer promotions to customers through a network of publishers.

AMC poised for market-share gains, boosted by premium screens and concert movies, Wedbush says

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Movie-theater chain and original meme stock AMC Entertainment Holdings Inc. is well positioned to grow its market share, according to analyst firm Wedbush, pointing to the company’s footprint of large-format screens and the current vogue…