US Inflation Crashes, Easing Economic Pressure
Another indication that inflation is abating and that Americans should profit from lower interest rates and be spared from excruciating price shocks in 2024 is the Federal Reserve's preferred price index, which decreased last month.
Dec 23, 2023 10:32 AM EST
Nike & Foot Locker Crumble as Growth Projections Shrink
Nike's stock fell on Friday after the sportswear manufacturer reduced its forecast for fiscal year sales, citing Foot Locker as a major source of income.
Wall Street Gets Shaken: First-Ever Major Bank Unionization Vote Rocks Wells Fargo
Employees at a Wells Fargo bank in New Mexico have voted to unionize, marking the first time in modern history that workers at a major U.S. bank have sought to organize.
SEC Ready to Unleash Spot Bitcoin ETF, Potentially Reshaping Crypto Landscape
Large money management businesses are growing increasingly hopeful that the Securities and Exchange Commission (SEC) will create crypto history in early January by authorizing the first "spot" bitcoin exchange-traded fund.
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Forget Crypto FOMO, This $35 Stock Could Be the Real Gold Rush
In addition to having a sizable digital entertainment (gaming) sector and a developing digital financial services platform, Sea Limited's primary business is e-commerce, much like Amazon's.
Dec 21, 2023 11:10 AM EST
TikTok Takes on Recession: Viral "Silent Depression" Claim Shakes Up Economic Experts
Some social media users claim that although the U.S. economy has stayed amazingly robust, affordability is at an all-time low, even when compared to the Great Depression.
Dec 21, 2023 10:03 AM EST
'Vanilla' Gift Cards Accused of Fueling Easy Holiday Scams
A prominent prepaid card issuer is being sued for allegedly failing to prevent one of the most prevalent scams from using its cards.
Dec 21, 2023 9:09 AM EST
IRS Delivers $1 Billion Penalty Gift, Check Your Eligibility Now!
For the tax years 2020 and 2021, the IRS is waiving penalty penalties for taxpayers who failed to pay back taxes totaling less than $100,000 annually. The IRS said on Tuesday that the relief plan will waive $1 billion in fees for tax returns submitted for those years.
Dec 21, 2023 6:09 AM EST
Dow Swings Wildly, Closing Sharply Lower in Sudden Turnaround
Stocks in the United States finished down on Wednesday after a sharp mid-afternoon drop stopped Wall Street's remarkable run, which had been fueled by lowering interest rates and the Federal Reserve's dovish tilt.
Dec 20, 2023 10:25 PM EST
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.
Dec 19, 2023 9:37 PM EST
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.
Dec 19, 2023 9:27 AM EST
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.
Dec 19, 2023 6:45 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
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