The Consumer Financial Protection Bureau faces a high-stakes legal fight......»»

New Zealand's central bank kept interest rates unchanged ahead of a national election later this month where cost-of-living pressures and economic management are top concerns of voters......»»

Home prices rose in August, with New England states leading the pack, CoreLogic economist says......»»

‘My grandfather was a successful investor and knew his children very well.’.....»»

The U.S. House of Representatives approves a measure that removes Kevin McCarthy, a California Republican, from his position as the chamber's speaker......»»

Fight for the next speaker is better to hammer out now than on the eve of the next possible shutdown, analyst says.....»»

Hours after being ousted as speaker of the House, Rep. Kevin McCarthy said he was "at peace" with how it played out and that he "wouldn't change a thing.".....»»

Shares of MSP Recovery, which does business as LifeWallet, sank late Tuesday after the company said it would enact a 1-for-25 reverse stock split......»»

U.S. stocks were sharply lower in the final hour of trading Tuesday, as the 30-BX:TMUBMUSD30Y and 10-yearBX:TMUBMUSD10Y Treasury rates headed for their highest levels since the second half of 2007. The Dow Jones Industrial AverageDJIA fell 489 points, or 1.5%, to 32,948. The S&P 500SPX was down 65 points, or 1.5%, to 4,222. Only 8% of stocks in the S&P 500 are on pace to close above their 50-day moving average, according to Dow Jones market data. If it happens, it would be the lowest percentage of stocks to close above their 50-day moving average this year. The Nasdaq CompositeCOMP dropped 272 points, or 2.1%, to 13,034. The index is on pace for its worst one day performance since Aug. 2, 2023 when it fell 2.17%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news......»»

Molson Coors Beverage Co. TAP on Tuesday said its board had cleared a five-year, $2 billion stock buyback program and said it was “on track” to deliver its second straight year of sales and profit growth. The remarks were made in connection with the brewer’s 2023 strategy day in New York. Longer term, executives said they expected “low-single digit” annual net sales growth when factoring out currency fluctuations, with “high-single-digit” yearly “underlying” per-share profit growth. Executives said a bigger push toward more premium beverages would help drive that growth, as well as an expansion beyond beer. They said they expected high-single digit constant-currency sales growth for 2023, but did not offer specific forecasts for 2024. “Over the past few years, long before controversy upended the U.S. beer industry, we changed how we invest, market, and operate, and we changed our future,” Chief Executive Gavin Hattersley said, adding that the company had been “turned around.” Shares rose 0.7% after hours on Tuesday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news......»»

Shares of Cal-Maine Foods Inc. CALM dropped 12% in after-hours trade Tuesday, after the egg producer reported fiscal first-quarter results that fell below expectations. For the quarter ended Sept. 2, earnings fell to $926,000, or 2 cents a share, from $125.3 million, or $2.57 a share, in the same period a year ago, and fell short of the FactSet consensus analyst estimate of 33 cents a share. Meanwhile, sales fell to $459.3 million from $658.3 million in the year-ago period, short of analyst forecasts of $479.5 million. The number of eggs sold fell to 273.2 million from 275.3 million in the year-ago period, as average prices fell to $1.59 per dozen from $2.28 a year ago.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news......»»

Streaming service Spotify Technology SPOT on Tuesday said it would make more than 150,000 audiobooks available to its Spotify Premium subscribers. The company said those audiobooks would be available to premium subscribers in the U.K. and Australia on Wednesday, and begin offering them to those users in the U.S. later this year. Spotify will offer premium individual subscribers and plan managers for Family and Duo accounts 15 hours of listening a month, with the option to buy an extra 10-hour installment during that period if needed. The company made the announcement as it tries to expand into other areas of audio, but as steady profits remain elusive. Spotify announced that users would be able to buy audiobooks on the platform last year. Shares were up 0.1% after hours. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news......»»

American depositary receipts of Takeda Pharmaceutical Co. JP:4502TAK rose more than 1% in the extended session Tuesday after the Japan-based company said its dengue vaccine got the recommendation from an immunizations advisory board with the World Health Organization. The WHO will consider the recommendation in the coming weeks, the company said. Mosquito-borne dengue is endemic in more than 100 countries and causes an estimated 390 million infections each year, Takeda said. Dengue is also a “leading cause” of fever among travelers returning from Latin America, the Caribbean and Southeast Asia, the company said. Takeda’s ADRs ended the regular trading day down 0.7%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news......»»

Most Silicon Valley residents, unhappy with housing costs and homelessness, think the region is on the “wrong track” and are considering moving within five years, according to a new survey. The findings from the 2023 Silicon Valley Poll, released Tuesday, are based on a poll of 1,951 adults in the San Francisco Bay Area, who are also upset with the state of the Bay Area’s downtowns, and the unequal distribution of wealth. Nearly seven in 10 said the area is going in the wrong direction, and nearly half say they lack financial stability. Though residents feel compassion for the homeless, they say they are losing patience with tents in public parks and RVs parked on streets.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news......»»

Guardian Pharmacy Services Inc., a company that helps residents of assisted living facilities and group homes stick to their medication plans, filed for an initial public offering on Tuesday. The Atlanta-based company hopes to trade on the New York Stock Exchange under the ticker symbol “GRDN.” Stephens, Raymond James and Truist Securities were the underwriters. The company’s filing didn’t include details on the number or expected price of shares to be offered. Guardian Pharmacy’s 43 pharmacies served around 156,000 residents in some 5,800 long-term health care facilities in the U.S. during the first half of this year. “We believe we are the only company in our industry of national scale and purpose-built to serve the individual needs of assisted living, behavioral health and group home residents,” Chief Executive Fred Burke said in a letter to potential investors. “In a large and fragmented market, we think we are positioned with a compelling opportunity for continued growth.” The company had $908.9 million in revenue last year, with net income of $49.7 million. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news......»»

Cal-Maine's stock fell after hours Monday after a 30% drop in egg prices cut deep in the egg producer's profitability......»»

Industrial markets technology provider Teledyne Technologies will acquire Xena Networks, which provides high-speed terabit ethernet validation, assurance and production test solutions......»»

Zoom Docs is loaded with Zoom’s artificial-intelligence assistant, AI Companion, and other AI capabilities that will help users draft, edit, summarize and change tones as well as include items from meeting discussions......»»

Utilities stocks have dropped into unusual territory, after being “decimated” by rising interest rates, according to Bespoke Investment Group......»»

Intel Corp. shares rose after the company announced plans to spin off one of its units as a public offering over the next two to three years......»»