China’s sluggish postpandemic economic recovery isn’t likely to hurt the S&P 500, but that doesn’t mean investors should shrug it off. The devil is in the details. Though it is the world’s second-largest economy, China accounts for only about 5% of the aggregate revenue for companies in the S&P 500,…

Key takeaways Cboe’s CEO has resigned over undisclosed personal relationships with colleagues Former TD Ameritrade CEO and Cboe board member, Fredric Tomczyk, will take over the role Cboe’s share price climbed to an all-time high at the news Another one bites the dust. Ed Tilly, the CEO of Cboe Global…

Target stock just can’t catch a break. Target shares (ticker: TGT) fell 3% to $119.34 on Monday. The shares, which are off more than 6% since the start of the month and more than 20% so far this year, are hovering not far above their 52-week low. If they fall…

Ted Frank wants to protect consumers and investors from the plaintiff lawyers who purport to speak for them. He is not a popular figure in the litigation bar. Quixotic quest: make the lawyers filing class actions more interested in the welfare of their clients than in lining their own pockets.…

House Republicans are under pressure to pass a stopgap federal funding measure that will prevent a government shutdown after Sept. 30. House Speaker Kevin McCarthy (R., Calif.) told members they should be prepared to remain in D.C. through the weekend as the deadline quickly approaches. McCarthy is eyeing Thursday for…

Amazon. com said it would hold a two-day “Prime Big Deals Day” on Oct. 10 and 11, ahead of the holiday shopping season. That follows a summer Prime Day sale held July 11 and 12.  The company held events on a similar time frame in 2022; last year’s October event…

Broadway has lost some of its razzle-dazzle and that may give the data-dependent Federal Reserve reason to hold interest rates steady at this week’s Federal Open Market Committee meeting. Understanding the path of the economy has been a head-scratcher for market watchers and economists alike. Just last week economic forecasts…

Instacart spent its first day as a public company in volatile fashion. After the IPO was priced at $30, the stock opened 40% higher and peaked at $42.95 before losing steam. Shares closed at $33.70, giving the company a first-day pop of 12.3%. The delivery firm now carries a market…

Micron Technology Inc. shares were outpacing the broader chip sector Monday as one analyst upgraded the memory-chip maker’s stock owing to what appears to be an earlier-than-expected uptick in demand. While the memory market has been weak lately, Deutsche Bank’s Sidney Ho thinks artificial-intelligence servers are helping provide a lift,…

International Business Machines Corp. IBM said Monday it is committing to training 2 million people in artificial-intelligence technologies over the next three years, and offering course accreditation for its products. IBM shares closed Monday down 0.6% at $145.09, while the Dow Jones Industrial Average DJIA rose less than 0.1%. The…