Articles by April Fowell

661-690 (out of 786)

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


New Yorkers Breathe Easier as Medical Debt Loses Credit Grip

New York is becoming the second state in the union to shield its citizens' credit ratings from being damaged by unpaid medical debt.

Dec 15, 2023 9:50 AM EST


Wall Street Eyes $6 Trillion Cash Tsunami Sparked by Fed Pivot

A roughly $6 trillion hoard of cash sitting on the sidelines is one significant element that investors watching whether markets can continue their wild run are keeping an eye on.

Dec 15, 2023 9:03 AM EST


Black Friday Bonanza? Retail Sales Rise Despite Inflation Fears, Holiday Spirit Intact

Americans unexpectedly increased their spending from October to November as the unofficial Christmas season began, demonstrating the power of buyers despite rising costs.

Dec 14, 2023 10:05 PM EST


Moving Day in Manhattan? Median Rents Tumble, Marking a Potential Turning Point

A research issued on Thursday, reveals that rentals in Manhattan decreased for the first time in more than two years as the number of vacant apartments increased and tenants refused to accept price reductions.

Dec 14, 2023 9:00 AM EST


HSBC Declares New Market Paradigm Where Fixed Income Reigns

According to HSBC Asset Management, when the global order breaks, markets have entered a "new paradigm" and recession risk indicates that "bonds are back.

Dec 14, 2023 8:05 AM EST


Wall Street Cheers as Fed Takes Pause, But Eyes Bumpy Economic Landing Next Year

U.S. equities are poised to reach new highs as a result of the Federal Reserve's dovish stance, but some investors are concerned that the market may be moving too quickly given the uncertain outlook for the economy and corporate earnings.

Dec 14, 2023 7:23 AM EST


Fed Pivots, Eyes 3 Interest Rate Cuts to Kickstart Next Year

For the third consecutive week, the Federal Reserve held its benchmark interest rate steady on Wednesday, and policymakers hinted that they anticipate reducing it by three quarter points in the next year.

Dec 14, 2023 5:41 AM EST


Holiday Season Could Leave Luxury Retailers Drowning in Unsold Inventory

Early holiday shopping season reductions from high-end fashion stores such as Bergdorf Goodman on New York's Fifth Avenue fueled fears that a lackluster Christmas would lead to inventory gluts, perhaps pulling labels into a lowering cycle that would cheapen their image.

Dec 13, 2023 10:37 PM EST


US Stocks Navigate Uncertainty as $5 Trillion Options Hang in the Balance

Market participants indicated that dealers squaring their books ahead of what is expected to be the largest-ever options expiry for S&P 500-linked derivatives may be assisting in minimizing volatility in U.S. equities.

Dec 13, 2023 8:59 AM EST


US Soaring Prices in Restaurants and Car Repairs Contribute to November Surge

Inflation in the United States remained virtually constant last month, owing to falling gas costs. However, underlying pricing pressures from apartment rents, restaurant meals, vehicle insurance, and a variety of other services remained persistently high.

Dec 13, 2023 5:08 AM EST


Deck the Halls without Breaking the Bank: 5 Tricks to Master Holiday Spending

It is easy to overspend and get bogged down in Christmas shopping, but worry not! Here are eight valuable recommendations to ensure you stick to your budget for the new year.

Dec 12, 2023 11:50 AM EST


Will Inflation Hold Steady? Treasury Yields Drop as Investors Anticipate Key Data Release

Ahead of the Federal Reserve's final meeting of the year, investors were waiting for important inflation statistics, which caused U.S. Treasury rates to drop on Tuesday.

Dec 12, 2023 10:54 AM EST


Fed Must Avoid Policy Errors of the 1970s, Warns Wall Street Veteran Milken

If past performance is any indication, renowned investor Michael Milken anticipates a cautious monetary policy stance from the Federal Reserve.

Dec 12, 2023 10:16 AM EST


Zara Facing Backlash for Ad Resembling Gaza Destruction

After some pro-Palestine activists called for a boycott of the fashion company, Zara removed an advertisement campaign on Monday off the first page of its website and app. The campaign featured sculptures shrouded in white and mannequins with missing limbs.

Dec 12, 2023 8:39 AM EST


Fed Leaves Rates Unchanged, Casting Doubt on Speculation of Early Cuts

With inflation approaching the Federal Reserve's 2% objective, officials are addressing - and in some cases, stoking - expectations that they would make a significant policy move and drop interest rates next year, maybe as early as April.

Dec 12, 2023 2:29 AM EST


Government's Onion Price Fix Raises Questions as Consumers Feel the Pinch

After India extended its export restriction on Friday, onion prices surged beyond Tk 200 per kg in the local market. The commerce ministry is striving to stabilize these prices.

Dec 11, 2023 9:50 AM EST


PGA Tour and Fenway Group Join Forces: More Collaborative Talks on the Horizon

In an effort to fulfill a deadline of December 31, the PGA Tour has limited the pool of possible investors to a new group headed by Fenway Sports Group and announced that it will carry on with talks with Saudi Arabia's national wealth fund.

Dec 11, 2023 9:17 AM EST


TikTok Shop Makes Triumphant Return to Indonesia After $1.5 Billion Investment

In order to revive its online retail operation in Indonesia, social networking app TikTok has partnered with GoTo, a major player in the country's technology sector.

Dec 11, 2023 6:40 AM EST


Real Time Analytics