“Magnificent Seven,” meet the “Junk Bond Five.” The stock market isn’t the only place where a handful of companies are driving powerful gains. It’s happening too in distressed high-yield, or “junk bonds.” Debt issued by Altice USA Inc. ATUS, -2.30%, Carvana Co. CVNA, -4.02%, Community Health Systems Inc., CYH, +3.43%…

Another Nvidia Corp. board member recently unloaded tens of millions of dollars worth of stock amid the sharp move higher in the chip maker’s shares. Tench Coxe, who has served on Nvidia’s NVDA, +0.09% board since 1993, dumped 50,000 shares of Nvidia Wednesday, according to a filing with the Securities…

A Bed Bath & Beyond employee who plans to hang on and work until her store closes in Southern California says that while some customers are being nice, others are showing a lack of empathy. “A lot of customers are really kind and say, ‘I’m so sorry you’re losing your…

The recession that the eurozone experienced from October to March was quite literally the mildest possible. But the flip side is that most recent data show that the European economy appears to be going absolutely nowhere. The Eurostat statistics agency on Thursday revised its estimate of first-quarter GDP from an…

© Reuters. FILE PHOTO: A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/File Photo By Zeba Siddiqui and Raphael Satter (Reuters) – The U.S. Department of Energy and several other federal agencies were hit in…

By Cassandra Garrison MEXICO CITY (Reuters) -Mexican farmers on Thursday ended a protest at an airport in the northern state of Sinaloa and agreed to meet with the local governor after Mexican President Andres Manuel Lopez Obrador said he would not negotiate with the demonstrators. Baltazar Valdez, president of the…

TOKYO (Reuters) – Japan’s top government spokesperson said on Thursday that volatile moves in the currency markets were undesirable and that authorities were closely watching the market and ready to take “appropriate” action as needed. “It is important for foreign exchange markets to move in a stable manner reflecting fundamentals,…

By Liangping Gao and Marius Zaharia BEIJING/HONG KONG (Reuters) – Beijing resident Hu Yongwei bought more than a dozen apartments in the small central Chinese city of Hebi for about $31,000 in all, betting they will be financially more rewarding than other investments. Hu, who mostly acquired two- or three-bedroom…

After holding short-term rates held steady at 5% to 5.25% in June, the Federal Reserve expects to raise rates perhaps twice during its four remaining meetings of 2023, though the markets expect fewer hikes and material rate cuts in 2024. The Fed’s concern is primarily stubbornly high services inflation, which…

We believe that Caterpillar stock (NYSE: CAT) is a better pick than the pharmaceutical bellwether Johnson & Johnson stock (NYSE: JNJ), given its better prospects. Although these companies are from different sectors, we compare them because they have a similar P/EBIT ratio of 15x-17x. The decision to invest often comes…