News

(Bloomberg) -- As U.S. Bancorp holds its first Investor Day in five years on Thursday, investors will be listening for clues about how one of the biggest US lenders can turn its lackluster stock around.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops

U.S. chemicals maker Dow lowered its third-quarter revenue forecast on Thursday due to an unplanned event at one of its plants in Texas. The company's CEO, Jim Fitterling, said a significant unplanned event occurred in July at one of its ethylene crackers in the Texas plant. Dow is also experiencing higher input costs and margin compression in Europe, he added.

News of the day for September 12, 2024

Micron Technology shares have lost more than $70 billion in market value since their late June peak.

(Bloomberg) -- Donald Trump’s plans to impose sweeping tariffs on foreign-produced goods are likely to reignite the risk of high inflation and low US economic growth, posing a threat to stocks, according to a Lazard strategist.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Hal

(Bloomberg) -- Donald Trump’s plans to impose sweeping tariffs on foreign-produced goods are likely to reignite the risk of high inflation and low US economic growth, posing a threat to stocks, according to a Lazard strategist.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Hal

Apple's main product event didn't boost the stock much as investors assessed whether new AI features will drive the next iPhone upgrade cycle. But that's in line with its previous launches, one analyst explained.