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US Chip Stocks Drop Sharply After Strongest Year Since 2009, Raising Recession Concerns

U.S. chip stocks continued their losing streak on Wednesday, as Wall Street's primary semiconductor benchmark fell from all-time highs after the industry had its best year since 2009, when it recovered from the financial crisis.

Jan 04, 2024 10:20 AM EST


National Debt Drowns in Record $34 Trillion, Congress Squabbles Over Lifeline

With the gross national debt of the federal government at above $34 trillion, it is a record level that portends political and economic obstacles to improving America's balance sheet in the years to come.

Jan 04, 2024 9:46 AM EST


SpaceX Blasts Critics into Unemployment, But Labor Agency Says It's Illegal

A U.S. labor agency accused rocket and satellite manufacturer SpaceX on Wednesday of forcibly terminating eight workers for distributing a letter denouncing founder and CEO Elon Musk as a "distraction and embarrassment."

Jan 04, 2024 5:46 AM EST


Analysts Predict Steady Growth for US Economy in 2024, Dispelling Recession Fears

Many people were afraid that 2023 would bring about a recession. It proved to be a very resilient year.

Jan 03, 2024 9:50 AM EST


U.S. Trade Protection Efforts Face Hurdles as Maersk Cites Security Concerns on Key Route

Even with attempts to shield commercial vessels from assaults by Iranian-backed Houthi insurgents headquartered in Yemen, there is still a significant risk to international trade in the Red Sea.

Jan 03, 2024 9:10 AM EST


National Average Gas Price Dips Under $3 for the First Time This Year

Lower gasoline prices could aid individuals in recuperating from excessive holiday spending. Lower gasoline prices could aid individuals in recuperating from excessive holiday spending.

Jan 03, 2024 8:24 AM EST


2024 Bids Farewell to Old Ways, Reshapes Investment Landscape

Investors seem to be persuaded that the main Western central banks are about to make the long-awaited shift from rising to lowering interest rates. As a result, markets rose, but as the globe becomes used to an economic system where money is not easily obtained, 2024 may surprise us.

Jan 03, 2024 6:41 AM EST


Wall Street Slump Sparks Rush for Stability After 2023 Boom

Wall Street on Tuesday gave back some of its significant gains from the previous year due to a poor start to 2024.

Jan 02, 2024 8:07 PM EST


Wall Street Cheers as Bitcoin Breaks the Chains, Soars Above $45,000 in New Year's Rally

With hope around the potential approval of exchange-traded spot bitcoin funds, the world's largest cryptocurrency, bitcoin, kicked out the New Year with a bang on Tuesday, surging above $45,000 for the first time since April 2022.

Jan 02, 2024 10:10 AM EST


Fab Four: These Undervalued Gems Could Be the 2024 Market Leaders

The true question, though, is whether the "Magnificent Seven"will continue to dominate the industry in 2024, or may other equities take the lead in 2024?

Jan 02, 2024 8:56 AM EST


Fed Pivot Calms Junk Bond Jitters, But Concerns Remain Over Debt Sustainability

The market for junk debt is thriving because to investor expectations that the Federal Reserve would begin lowering interest rates. This will also help the lowest-rated corporations in a timely manner and probably cap the default rate in 2024.

Jan 02, 2024 8:42 AM EST


Popular EVs Lose Their Shine as US Tax Credits Take a Nosedive

New battery sourcing regulations went into effect on Monday, which resulted in the loss of tax credits of up to $7,500 for a number of electric cars, including the Nissan Leaf, Tesla Cybertruck All-Wheel Drive, select Tesla Model 3s, and Chevrolet Blazer EV, the U.S. stated Treasury.

Jan 02, 2024 7:51 AM EST