Carvana downgraded at Wedbush on restructuring concerns, stock slammed
Carvana Co. shares were falling about 30% in morning trading Wednesday after Wedbush analyst Seth Basham downgraded the stock to underperform from neutral, writing of...
: EIA reports a weekly drop in U.S. crude supplies, product stocks rise
The Energy Information Administration on Wednesday reported that U.S. crude inventories fell by 5.2 million barrels for the week ended Dec. 2. On average, analysts...
FDA expected to decide on Pfizer RSV vaccine for older adults by May 2023
Pfizer said the FDA has accepted its RSV vaccine candidate for review under an expedited process that reduces the approval process by four months.
‘There is a slowdown happening’ – Wells Fargo, BofA CEOs point to cooling consumer amid Fed hikes
The bank leaders are providing evidence that the Fed's campaign to subdue inflation by raising borrowing costs is beginning to impact consumer behavior.
Jim Cramer’s Investing Club meeting Wednesday: China reopening, Danaher, Apple
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Economic Report: U.S. productivity in the third quarter raised to 0.8%
The productivity of American workers rose by a revised 0.8% annual rate in the third quarter, the government said Wednesday after updating its initial report.
Earnings Results: Vera Bradley earnings show inflation’s unequal impact on consumer spending
Vera Bradley CEO Jackie Ardrey offered a frank assessment of the economic backdrop Wednesday morning after acknowledging pressures on less affluent spenders
Key Words: Cathie Wood says the better historical parallel for the current high inflation environment is World War I, not the 1970s
ARK Invest CEO Cathie Wood says investors are looking at the wrong historical period in making comparisons to the current high inflation environment.
Robinhood says November monthly active users were flat relative to October
Robinhood Markets Inc. said Wednesday morning that it had 12.5 million monthly active users at the end of November, flat with what it had at...