Citing a better earnings forecast for the index businesses, Goldman Sachs boosted its year-end goal for the benchmark S&P 500 to 5,200, representing a roughly 4% upside from current levels.
A senate committee in Virginia has suggested allocating a total of $39,240 per year for two recently established panels on bitcoin and artificial intelligence (AI).
The latest indication that some inflationary forces in the economy are still present is the increase in wholesale prices in the United States in January.
The United States' consumer inflation rate decreased last month but stayed high, which is the most recent indication that the price spike caused by the epidemic is only sporadically and slowly abating.
Due to growing expenses associated with cocoa, which are driving up chocolate prices, Hershey is issuing a warning on its projected profit growth for 2024.
Many businesses are reducing the variety of their offerings as studies indicate that having fewer options rather than a wide range actually encourages customers to make larger purchases, which is why many believe they are also benefiting consumers.
Monday saw a little decline in Tesla (TSLA) stock as the automaker announced another round of price reductions in the US, adding to concerns about the state of EV demand as we go into the first few months of the year.
On Monday, Bitcoin surged above $50,000, hitting its highest value in over two years at one point. Bitcoin surged above $50,000 on Monday, reaching its highest value in over two years, peaking at $50,334.
The Treasury Department announced on Monday that the Internal Revenue Service (IRS) cleared a backlog of tax returns delayed by the epidemic, which led to a decrease in tax refunds.
Only 25% of business economists and professionals believe that this year will see a recession in the US. Furthermore, an external shock, like a dispute involving China, would probably cause any slowdown rather than local economic issues, such rising interest rates.
The public debt of the United States is over $34 trillion, and the country's debt-to-GDP ratio is about 100%. Not quite the boon that the Founding Fathers had originally intended.
Former FTX clients have cause to hope they may be able to get their money back as Sam Bankman-Fried, who was found guilty of criminal fraud in connection with the catastrophic collapse of the cryptocurrency exchange in 2022, is ready to be sentenced next month.
U.S. President Joe Biden urged snack companies to halt shrinkflation, the practice of reducing product sizes while maintaining prices, labeling it as "a rip-off."
In a document he submitted to federal regulators, Jeff Bezos disclosed that he had sold around 12 million shares of Amazon stock, valued at over $2 billion.
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Letitia James, the attorney general of New York, tripled the amount of the alleged fraud scheme of Digital Currency Group and other cryptocurrency defendants in her complaint on Friday, bringing it to over $3 billion.
Americans are ready for the Federal Reserve to start lowering interest rates and lessening the burden on borrowers, from Wall Street speculators to auto sellers to house purchasers.
The U.S. Department of State announced on Thursday that it would provide a reward of up to $10 million for information leading to the identification or location of leaders associated with the Hive ransomware gang.
The S&P 500's valuation is rising to all-time highs as it breaks beyond the 5,000 mark for the first time ever and continues to surpass new benchmarks.
In a few years, a lot can happen in the stock market, and Pfizer is a prime example. By the end of 2021, the COVID-19 vaccine manufacturer was doing well, with its shares trading at about $60. In 2022, it would break the record with an annual revenue of above $100 billion.
Many Americans have seen an increase in wealth in the years after the epidemic, owing to a thriving stock market and rising home values. But during the previous five years, workers under 40 did significantly better than other demographic groups.
The fixed income market is being affected by a reevaluation of the Federal Reserve's timeline for interest rate cuts, which is increasing risk for investors who anticipate that the tremendous rally that sent bonds higher at the end of 2023 will continue this year.
