Stocks cling to gains, yen on intervention watch

Global shares steadied on Monday ahead of U.S. price data that investors are banking on to show a renewed moderation in inflation, while markets were on alert for Japanese intervention as the dollar tested the 160-yen barrier. Geopolitics also loomed large, with the first U.S. presidential debate on Thursday and the first round of voting […]

Workday shares sink as slower hiring hits payroll services demand

Workday (WDAY.O), opens new tab shares dropped more than 13% on Friday, after the human resources software provider pared back its annual subscription revenue forecast as economic uncertainty and slower hiring hurt demand for its payroll services. Enterprises have slowed down hiring of new employees as they navigate pressures from higher-for-longer interest rates and sticky inflation. Workday […]

The Dow’s road to 40,000 in one chart

The Dow Jones Industrial Average reached a milestone Thursday that seemed unfathomable a year ago. The 30-stock benchmark broke above 40,000 for the first time. The move comes as investors cheer the prospects of artificial intelligence boosting corporate profits and the Federal Reserve possibly cutting rates later this year as inflation eases further from its pandemic highs. It’s been a long and […]