‘Stray’ — the videogame where you play as a cat — is breaking the internet

'Stray' — the videogame where you play as a cat — is breaking the internet

The cat is out of the bag — and probably all over your Twitter feed. “Stray,” a new videogame for Sony’s SONY, +3.42% PlayStation and Microsoft MSFT, +2.08% Windows, lets players explore a subterranean, cyberpunk city as ginger tabby that’s trying to claw its way back to its family. The $29.99 third-person platform adventure and … Read more

There may be another shoe to drop after Micron’s big outlook miss

There may be another shoe to drop after Micron's big outlook miss

Micron Technology Inc. delivered an outlook that fell far short of the consensus view, prompting questions about how the memory market will fare in a downturn. The company expects August-quarter revenue of $6.8 billion to $7.6 billion, whereas analysts tracked by FactSet had been modeling $9.15 billion. Micron’s chief executive acknowledged that “the industry demand … Read more

US stocks push higher as Powell sees path back to 2% inflation while sustaining strong labor market

US stocks push higher as Powell sees path back to 2% inflation while sustaining strong labor market

US stock indexes pushed higher after a wobbly start Wednesday, leaving Wall Street potentially on to gain ground after back-to-back losses, as investors tune in to remarks by central bankers while fretting that soaring inflation is damaging the world’s biggest economy. How are stock indexes trading? The Dow Jones Industrial Average DJIA, +0.45% was up … Read more

What the Fed’s biggest rate hike in decades means for the bear market in bonds

What the Fed's biggest rate hike in decades means for the bear market in bonds

Historically bad. That’s how the mammoth $53 trillion US fixed-income market has performed this year as the Federal Reserve works to curtail high inflation threatening to wreck the economy. To turbo charge the effort, the Fed on Wednesday fired off its biggest benchmark interest rate increase in nearly thirty years. But what does that mean … Read more