The last time the stock fell that much was July 27, 2022, when it fell 8.7%, according to Dow Jones Market Data. BofA says the stock is priced to perfection — meaning there’s only downside risk.
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This week’s aggressive Fed rate cut could provide some breathing space for distressed companies, notes one bankruptcy attorney.
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Investors are mulling strategies beyond cash on expectations that interest rates will continue to fall after the Fed’s big rate...
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Dow surges to record as investors celebrate Fed’s ‘recalibration’ rate cut
Fed Chair Jerome Powell emphasized a policy “recalibration.” Investors like the sound of it.
Fed is more worried about labor market than Powell let on, William Dudley says
Federal Reserve Chair Jerome Powell did a “great job” of explaining the reasons for an aggressive interest-rate cut in a...
FedEx stock falls as company narrows its full-year forecast
The package-delivery giant said reduced demand for priority services and higher operating costs weighed on results.