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US Not on Cusp of Recession, But Downturn Likely in 2023, Oxford Economics Says
17 minutes ago, 3:59PM ET 12/05/2022 MT Newswires

The US is likely to fall into a recession sometime next year amid continued macro uncertainty and the Federal Reserve's aggressive stance against high...

Home Affordability 'Perilously Close' to 35-Year Low Despite Price Corrections, Black Knight Says
2:48PM ET 12/05/2022 MT Newswires

Home affordability is "perilously close" to a 35-year low amid high rates as stagnant inventory levels are easing downward pressure on home prices, Black...

Concord Acquisition, Fintech Firm Circle Internet Financial Nix $9 Billion SPAC Deal
2:13PM ET 12/05/2022 MT Newswires

Concord Acquisition (CND), a blank-check company, and Circle Internet Financial have agreed to terminate their pending merger that would have taken the...

Surprise Service Gain Hits US Equities
1:44PM ET 12/05/2022 MT Newswires

US equity indices fell as a surprise gain in a services gauge fueled concerns that the Federal Reserve will continue to hike interest rates. The Nasdaq...

Costco's Gross Margin Likely Stabilized in Fiscal First Quarter, Setting Stage for 'Strong' Year, UBS Says
1:31PM ET 12/05/2022 MT Newswires

Costco Wholesale's (COST) margins likely stabilized in the fiscal first quarter despite a slowdown in November comparable sales, and its results should...

ISM Services Index Posts Surprise Gain For November; S&P Reports Faster Contraction
12:11PM ET 12/05/2022 MT Newswires

Two surveys painted a mixed picture of the US service sector as the Institute for Supply Management showed that activity accelerated in November, while S&P...

Vans Owner VF Cuts Full-Year Outlook on Weak Demand Conditions, Announces CEO Retirement
10:59AM ET 12/05/2022 MT Newswires

VF (VFC) lowered its full-year financial outlook as a weak consumer environment drives high levels of promotions within retail, while the apparel and...

Science Applications International Raises Fiscal 2023 Outlook Following Third-Quarter Beat
10:12AM ET 12/05/2022 MT Newswires

Science Applications International (SAIC) on Monday reported better-than-expected fiscal third-quarter results boosted by robust business development...

Apple Faces 'Clear' Hurdles in Moving iPhone Production From Chinese Plant to Other Asian Countries, Wedbush Says
8:46AM ET 12/05/2022 MT Newswires

Apple (AAPL) is expected to face logistical, engineering and infrastructure obstacles as the technology company accelerates plans to move some of its...

Weaker Start for US Stocks on Tap as Wall Street Eyes Fed; Asia Rallies, Europe Slides
7:44AM ET 12/05/2022 MT Newswires

The main US equity futures were pointing moderately lower pre-bell Monday, after Friday's stronger-than-expected payrolls report refreshed the outlook for...

Market Update

Strong Services Sector, Factory Data Drag Equities Lower
17 minutes ago, 3:59PM ET 12/05/2022 MT Newswires
US benchmark indices showed declines ahead of Monday's close after services sector activity and factory output data indicated the economy remained resilient amid the Federal Reserve's aggressive stance agai... Read more