GOP draft bill would tighten rules for finance firms using customer information

Rep. Patrick McHenry, a Republican of North Carolina and ranking member of the House Financial Services Committee, speaks during a hearing in Washington, DC Andrew Harrer | Bloomberg | Getty Images A new draft bill from House Financial Services Ranking Member Patrick McHenry, RN.C., lays the groundwork for how the GOP will tackle financial data … Read more

Beaten-down software names such as Microsoft are attractive buys now, Goldman Sachs says

This year’s market pullback has created buying opportunities in the beaten-down software industry, and Goldman Sachs said some companies with strong long-term fundamentals could see a big rebound. High-growth software stocks have been hit hard this year as the Federal Reserve embarked on its aggressive tightening cycle. Goldman’s software universe has suffered a 40% sell-off … Read more

Dick’s Sporting Goods, Nordstrom, Wendy’s and more

Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading Wednesday. Dick’s Sporting Goods – Shares of the sporting goods seller jumped 11%, despite the company cutting its outlook … Read more

Dick’s Sporting, Express, Wendy’s and more

Check out the companies making headlines before the bell: Dick’s Sporting Goods (DKS) – The sporting goods retailer’s shares slid 14.4% in the premarket after it issued a weaker-than-expected outlook for the full year as it adjusts for what it calls challenging macroeconomic conditions. Dick’s reported better-than-expected profit and revenue for its latest quarter, and … Read more

Goldman cuts year-end S&P target, sees buying opportunity in some growth stocks

The stock market should rise from here, but the rebound will still likely leave many investors with big losses for the year, according to Goldman Sachs. David Kostin, the firm’s chief US equity strategist, cut his year-end target for the S&P 500 but still sees roughly 7% upside for the market. “We cut our year-end … Read more

Dan Loeb dodged April's big sell-off and is finding opportunities in energy, cyclical stocks

Third Point’s Dan Loeb managed to sidestep the turmoil market last month by taking down exposure drastically and picking up opportunities in cyclical stocks.

Trading strategies for after the big Fed decision: Finding stocks overdue for a relief bounce

The Federal Reserve is expected to raise interest rates by a half point Wednesday, but what the central bank signals about future hikes is key for investors.

Goldman's ways to play deglobalization, onshoring trend fueled by pandemic and Ukraine war

Goldman Sachs strategists say companies that are reducing their global exposure or benefit from onshoring are outperforming so far this year.

FTC sues TurboTax owner Intuit for advertising tax software as free

Kimberly White | Getty Images Entertainment | Getty Images The Federal Trade Commission sued Intuit in federal court on Monday, claiming it has deceived customers for years by marketing its TurboTax software as free and then charging most users when they file their income taxes. Around 56 million people filed their taxes with TurboTax in … Read more