US and China Debt Woes Could Shake Up Global Ratings in 2024
The year 2024 may mark significant changes in several sovereign credit ratings due to the U.S. and China being on downgrade alerts, Turkey expecting to receive an upgrade after a ten-year hiatus, Israel facing its first drop, and more than fifty elections to be managed.
Dec 20, 2023 10:01 AM EST
Late Shoppers Rejoice as Retailers Turbocharge Delivery!
Some of America's largest retailers are attempting to boost delivery speeds in order to satisfy customers who anticipate faster and faster deliveries.
Grab These Stocks Before 2023 Closes, Say Analysts
Ten S&P 500 stocks have the greatest proportion of analysts' "buy" ratings within the index: NiSource, Lamb Weston, and Amazon.com, among others. Even the analysts who monitor these stocks have unanimously recommended buying two of these stocks.
Vans Owner Stumbles as Hack Halts Holiday Hustle, Shares Tumble
The North Face and Vans owner VF Corp. saw a sharp decline in their stock price on Monday following their announcement that a breach had compromised part of their capabilities to ship orders in time for the holidays.
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Goldman Sachs Struggles to Exit Apple Credit Card Partnership
Four years after launching a credit card with Apple, Goldman Sachs is facing an expensive exit from a collaboration that rival lenders perceive as too dangerous and unproductive.
Dec 19, 2023 4:58 AM EST
Amazon Seeks Sports Content Boost with Potential Investment in Diamond Sports
The Wall Street Journal reported on Monday that Amazon is in discussions to invest in regional sports programming company Diamond Sports, a move that would enhance the e-commerce giant's ambitious drive into sports entertainment.
Dec 18, 2023 9:41 PM EST
Unlocking Buffett's $375 Billion Portfolio: The Power of Dividend Investments
As Warren Buffett once said, "All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies."
Dec 18, 2023 11:30 AM EST
Fed Plots Inflation Takedown, But Can Growth Survive the Landing?
The Americans have not felt such excruciating inflation since 1981, when "The Jeffersons" and "The Dukes of Hazzard" were dominating the TV ratings. However, it appears that the Federal Reserve is about to overcome it, and without the severe recession and spike in joblessness that many analysts had expected would follow.
Dec 18, 2023 10:20 AM EST
US Production Squeezes Brent, Goldman Forecasts Lower Prices Down the Road
Goldman Sachs said that robust US production will limit any increase in oil prices, lowering its price projection for Brent crude by $10 per barrel to between $70 and $90 in 2024.
Dec 18, 2023 9:50 AM EST
COVID Fallout? US Sees Unprecedented Surge in Homelessness as Safety Nets Fray
According to government officials on Friday, a "sharp rise" in the number of people experiencing homelessness for the first time contributed to homelessness in America setting a new high earlier this year.
Dec 18, 2023 9:14 AM EST
10-Year Treasury Yield Slip Further After Fed’s ‘Big Shift’
Monday marked the start of the last full trading week of 2023, and the yield on the 10-year Treasury note continued to decline.
Dec 18, 2023 6:38 AM EST
US Inflation Fuels $100 Million Gold Rush at Costco, Bars Disappear in Hours
Profits from Costco's gold rush are substantial, as revealed during an earnings call on Thursday when the membership-based wholesale retailer sold an astounding $100 million worth of one-ounce gold bars in the previous quarter. Customers snatched up the gold, which sold out in hours despite ongoing inflation.
Dec 16, 2023 10:50 AM EST
SEC Blocks Crypto Rules, Coinbase Throws Down the Gauntlet
On Friday, Coinbase Global submitted a petition to the U.S. Securities and Exchange Commission requesting new regulations for the digital asset industry. The largest cryptocurrency exchange in the nation said that it will file a lawsuit against the decision.
Dec 16, 2023 10:10 AM EST
Lower Inflation, Elevated Unemployment in CBO's 2025 Economic Projection
The Congressional Budget Office stated on Friday that it anticipates inflation to almost reach the Federal Reserve's 2% target rate in 2024 as general growth is anticipated to slow and unemployment to climb through 2025, according to revised economic predictions for the next two years.
Dec 16, 2023 9:38 AM EST
US Markets Rocket Forward, Dow Inches Closer to Uncharted Territory
US stock futures increased on Friday, as optimism over potential deeper and earlier interest rate reduction continued to drive the Dow toward a new high for the third consecutive day.
Dec 15, 2023 11:10 AM EST
Amazon Under Pressure from Rising Stars, Makes China Charm Offensive to Revive Growth
As it battles increasing competition from low-cost online retailers Temu and Shein, both of which have their origins in the second-largest economy in the world, Amazon is extending a new offer to sellers situated in China.
Dec 15, 2023 10:20 AM EST
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