Stocks Turn Lower After Fed Announcement on Interest Rates

US stocks gave up gains after the Federal Reserve signaled its intention to raise interest rates in mid-March, providing the most detailed view yet of its plan to tackle rising inflation. The Fed’s Wednesday afternoon statement signaled approval of the latest round of asset purchases, bringing the stimulus program to an end by March. “It … Read more

DraftKings Is ‘Too Big an Opportunity to Ignore.’ Why the Stock Is a Buy.

font size Signs at Draft Kings Sportsbook at The Brook to Cut the Ribbon in October 2020, in Seabrook, New Hampshire. Scott Eisen/Getty Images for Draft Kings Online sports betting can make a strong comeback this year kings A solid bet, according to analysts at Morgan Stanley. Ben National Games He also received a promotion … Read more

GE Earnings Beat Expectations. Why the Stock Dropped.

font size GE’s free cash flow guidance looks strong, while its earnings forecast look light. Sebastien Buzon/AFP via Getty Images General Electric Shares fell after the company reported better-than-expected fourth-quarter earnings and cash flow, while sales missed expectations. The administration’s financial guidance for 2022 has been mixed. GE (Ticker: GE) stock is down 6% on … Read more

Ford Shuts Off Orders for New $20,000 Maverick Pickup

Ford F -1.26% Motor Co. An unusual move to cut customer orders for the Maverick truck, an affordable pickup that was introduced last fall, said it has gone beyond what it can build. The move is a sign that American shoppers are hungry for more affordable options as prices for new cars and trucks set … Read more

IBM Earnings Are Strong as Turnaround Takes Hold

font size IBM’s sales rose 6.5% in the fourth quarter to $16.7 billion. Ethan Miller / Getty Images IBM Monday posted strong fourth-quarter results, with the best sales growth in more than a decade. The findings suggest CEO Arvind Krishna’s strategy to bring the old tech giant back to growth is beginning to pay off. … Read more

Bitcoin, Coinbase, Peloton, Kohl’s: What to Watch in the Stock Market Today

Updated Jan 24, 2022 at 9:33AM ET Stock indexes on Wall Street fell in morning trading as investors prepared for the Federal Reserve meeting and earnings of major technology companies. Cryptocurrencies were broadly lower, with bitcoin down 8.3% from Friday’s level at 5pm ET, and cryptocurrency stocks dropping along with it, including crypto exchange Coinbase … Read more

Activist Investor to Call on Peloton to Fire Its CEO

An activist investor wants Peloton Interactive Inc. to fire its CEO and explore a sale after the stationary bike maker’s stock plunged more than 80% from its rally, with growth slowing. Blackwells Capital LLC owns a large stake of less than 5% in Peloton and is preparing to push the company’s board of directors to … Read more

Activist Investor Nelson Peltz Buys Stake in Unilever

LONDON – Trian Fund Management LP, an activist hedge fund managed by Nelson Peltz, has acquired a stake in Unilever UL -0.18% PLC, according to people familiar with the matter, has increased pressure on the packaged food and consumer goods giant in the wake of its failed $68 billion bid for GlaxoSmithKline GSK. 0.49% PLC’s … Read more

From Plants to Store Shelves, U.S. Food Supply Is Under Pressure

The US food system is under renewed pressure as the Omicron variant of Covid-19 extends the workforce from processing plants to grocery stores, leaving gaps on supermarket shelves. In Arizona, one in 10 workers in the processing and distribution plants of a major production company has recently fallen ill. In Massachusetts, employee illnesses have slowed … Read more

IBM Sells Watson Health Assets to Investment Firm

International Business Machines corp. IBM -1.12% It has agreed to sell data and analytics assets from its Watson Health business to investment firm Francisco Partners, the two companies said Friday. Subscribe to newsletters The 10 points. A personalized guided tour of the best articles and stories every day in The Wall Street Journal. The deal … Read more