Companies will report (bad) earnings. In the upcoming earnings season, corporations...
Companies will report (bad) earnings. In the upcoming earnings season, corporations ailing from interest rate hikes are expected to post their first annual profit decline since the Covid recession. Big banks will kick off the fireworks at the end of this week.
Will inflation continue its decline? We’ll find out on Thursday, when the latest consumer price index report drops. Inflation had been on the comedown toward the end of 2022, but some Fed officials warn it’s too soon to declare victory—and that inflation remains far too high above typical levels.
The Mega Millions jackpot has ballooned to $1.1 billion—the third-largest prize in US history—ahead of Tuesday night’s drawing.
The college football championship game between UGA and TCU is tonight.
The troubled Golden Globe Awards return to TV on Tuesday night.
The biggest challenge for Congress to tackle in 2023 is raising the ...
The biggest challenge for Congress to tackle in 2023 is raising the debt ceiling.
What is the debt ceiling? It’s a limit on how much the US government can borrow to pay its bills. And since the government runs on budget deficits, it regularly needs to borrow more money to avoid a credit default, which would be a disastrous scenario. Should a potential default materialize due to congressional paralysis, it could crater global markets and plunge the US into a recession.
So, what’s the status? In 2021, Congress raised the debt ceiling by $2.5 trillion—but that will only get us to August, when Goldman Sachs predicts that lawmakers will need to raise the roof again to avert a default.
U.S. stocks rise to 3-week highs as traders build on Friday’s rally
U.S. stocks opened at their highest levels since mid-December on Monday as the main indexes built on...
U.S. stocks opened at their highest levels since mid-December on Monday as the main indexes built on gains that followed the release of monthly jobs data from the Department of Labor. The S&P 500 SPX, 0.88% gained 21 points, or 0.6%, to 3,916. The Dow Jones Industrial Average DJIA, 0.42% advanced 133 points, or 0.4%, to 33,764. The Nasdaq Composite COMP, 1.59% rose 105 points, or 1%, to 10,674. Stocks logged their biggest daily advance for the year so far on Friday after signs of slowing wage growth from the monthly jobs report added to the notion that inflation is slowing, while the pace of job creation — while slower than the prior month — remained relatively robust, suggesting the U.S. economy is taking the Federal Reserve’s rate hikes in stride.
You can't stuff the genie back in the bottle, and that's particularly true for the process of buying...
You can't stuff the genie back in the bottle, and that's particularly true for the process of buying cars post-2020. Ever since the pandemic began, car dealerships have been keeping fewer vehicles in their lots, even though production is back up.
Executives at Ford and GM say car buyers have adapted — and that behavioral shift might be permanent.Now, customers can order a car online and get it shipped to them directly.
If a carmaker doesn't have its money tied up in inventory, it can afford to charge a pretty penny for that new Prius. And it doesn't have to offer incentives, either.
