Author: Wine and Stocks

The end of the three-day U.S. port strike has implications for a number of transportation and shipping stocks, say analysts.

Something unexpected is happening on the road to the much-hoped-for soft landing in the U.S.: The growing possibility of an economic reacceleration, which handed Treasury yields their biggest weekly advances in up to two years.

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The health insurer has lost 24% in the week to date after it said the government is set to cut the rating on a large Medicare Advantage plan.

An outage at Bank of America left some of the bank’s customers unable to access their accounts on Wednesday, while others saw what they said were erroneous balances of $0, according to a flood of reports on social media.

Shares of Levi Strauss & Co. slid after hours on Wednesday after the jeans maker tempered its full-year sales forecast, even as management said its core Levi’s brand was leading the way toward improvement and called out potential gains from its new partnership with Beyoncé.

The dockworkers strike began at midnight, leading to shutdowns of U.S. East Coast and Gulf ports.

Stocks felt pressure as Iran launched a missile attack on Israel, but geopolitical worries weren’t the only thing rattling Wall Street on Tuesday.

Federal Reserve Chair Jerome Powell said the 50-basis-point cut in the central bank’s policy rate earlier this month was a sign of confidence in the economy and the labor market.

Oil futures ended Monday with losses for the session, month and quarter, pressured by expectations that major oil producers will boost production in December — leading to a surplus of supplies as the outlook for demand remained uncertain.