Here are the most important news items that investors need to start their trading day.
Wednesday. Bed Bath & Beyond, whose market cap was under $150 million earlier this week, surged the most – 68%. Heading into Thursday morning, its market value stands at more than $307 million, even as the company rapidly burns through cash, runs out of merchandise to sell and loses customers. "We don't love the strength in nonsense stocks like AMC, CVNA, GME, BBBY, PRTY, etc.," said Adam Crisafulli, founder of market commentary firm Vital Knowledge.
Thursday in the United States, a day after a Federal Aviation Administration system failure delayed more than 10,000 flights. As of Thursday morning, more than 400 flights were delayed. The FAA said the failure was the result of a "damaged database file" that officials addressed by rebooting the system. Lawmakers on both sides of the aisle said they planned to investigate the matter, as did the FAA.
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Why Thursday’s U.S. CPI report might kill stock market's hope of inflation melting awayA mild stock market rally to kick off the new year will be put to the test Thursday when investors face a highly-awaited inflation reading which could well...
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The stock market set-up heading into the crucial CPI report Thursday morningStocks are rallying on a bet that inflation (particularly wage inflation) is moderating and that job growth will slow down but not collapse.
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Showers, storms likely in central Pa. Thursday before sunny weekendMore than 20 mph winds are also possible Thursday night.
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Bay Area Braces for Next Storm Expected Wednesday to ThursdayA day after hail, thunder and lightning bashed the Bay Area, another storm is lining up to dump more heavy rain Wednesday and leave more flooding in its wake.
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Heavy rain, up to 40 mph wind gusts in N.J. storm forecast for ThursdayNorthern New Jersey could receive a dusting of snow and some spots will see up to an inch of rain, forecasters say.
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