Datadog stock surges 28% for its best day ever after cloud company beats estimates, lifts guidance
Datadog stock surged after upping its guidance and beating estimates on the top and bottom lines.
Credit card balances spiked in the third quarter to a $1.08 trillion record. Here’s how we got here
Strong consumer spending boosted credit card balances to a new record high in the third quarter, according to the Federal Reserve Bank of New York.
Virginia’s House and Senate are up for grabs, with abortion access at stake
Control of Virginia’s legislature is up for grabs, testing Democrats’ ability to turn out voters to protect abortion rights a year after Roe was overturned.
Bank stocks could be the hot year-end trade if peak rates prove a ‘mini clearing event’
Bank stocks have come under pressure this year as rising interest rates weighed on margins.
S&P 500 returns tend to be measly in the 12 months leading up to a presidential election
The broad market index has averaged weaker returns during the year leading up to a presidential election, according to Goldman Sachs’ David Kostin.
Uber reports third-quarter results that miss analysts’ expectations
Uber reported third-quarter results Tuesday that missed analysts’ expectations
Why the U.S. won’t change physical cash
U.S. physical currency is outdated compared to other countries, and while electronic payments are on the rise, more cash is being circulated today.
Global rice markets are in crisis amid ‘artificial’ shortage
The $34 billion U.S. rice market competes globally with India’s export ban and climate risks. Rice influences geopolitics and the livelihoods of millions.
Oil giant Saudi Aramco’s profit slides 23% in third quarter on lower crude prices, volumes
The drop in profitability this year has been in line with industry trends amid weaker oil prices.
Stellantis’ new Ram pickup is an EV — with a gas-powered generator in case the battery runs out
The new Ram pickup can operate as an EV until the battery dies and an onboard generator — powered by a 3.6-liter V6 engine — kicks on to power the vehicle.
