Economy

Inflation hovers over shoppers seeking deals on Black Friday

NEW YORK (AP) — Shoppers hunted for the best deals at stores and online as retailers offered new Black Friday discounts to entice consumers eager to start buying holiday gifts but weighed down by inflation. Due to the high prices for food, rent, gasoline and other essentials, many people were reluctant to spend unless there …

Inflation hovers over shoppers seeking deals on Black Friday Read More »

Stocks making the biggest moves premarket: Activision, Tesla, Manchester United

Check out the companies making headlines before the bell: Activision Blizzard (ATVI) – Activision Blizzard slid 3.3% in premarket trading after Politico reported the Federal Trade Commission is likely to sue to block Microsoft‘s $69 billion purchase from the videogame publisher. Tesla (TSLA) – Tesla said its Full Self Driving Beta software is now available …

Stocks making the biggest moves premarket: Activision, Tesla, Manchester United Read More »

Texas ‘Anti-Woke’ Bank Goes Bust In 3 Months

A bank startup backed by billionaire Donald Trump supporter Peter Thiel and pitched as “anti woke” for “pro-freedom” Americans is closing up shop after less than three months. The bank, GloriFi, burned through $50 million in investment money, laid off most of its staff on Monday, and informed workers it was shutting down, The Wall …

Texas ‘Anti-Woke’ Bank Goes Bust In 3 Months Read More »

5 things to know before the stock market opens Tuesday, November 22

Trader on the floor of the NYSE Source: NYSE Here are the most important news items that investors need to start their trading day: 1. For the birds There are still two more trading days until Thanksgiving, but things are already slowing down on Wall Street. Stocks slid during a low-volume session Monday as investors …

5 things to know before the stock market opens Tuesday, November 22 Read More »

US cities where you need to earn over $200,000 to afford a home

Homeownership costs continue to squeeze out all but the richest buyers, and potential homeowners now need to earn $200,000 or more in eight US cities to afford a typical home, a new study found. US mortgage payments are up by an average of 45.6% in the last year. And with interest rates for 30-year fixed-rate …

US cities where you need to earn over $200,000 to afford a home Read More »

Fed’s Collins expresses hope that inflation can be tamed without hitting jobs

Susan Collins, Boston Federal Reserve Source: Federal Reserve Bank of Boston Boston Federal Reserve President Susan Collins expressed confidence Friday that policymakers can tame inflation without doing too much damage to employment. “By raising rates, we are aiming to slow the economy and bring labor demand into better balance with supply,” Collins said in prepared …

Fed’s Collins expresses hope that inflation can be tamed without hitting jobs Read More »

Walmart, Taiwan Semiconductor, Netflix, Carnival and more

Bing Guan | Bloomberg | GettyImages Check out the companies making the biggest moves midday. Walmart — Shares of retailer Walmart jumped more than 7% after reporting quarterly earnings that beat Wall Street’s expectations and raise its forward guidance. The company reported adjusted earnings per share of $1.50 on $152.81 billion in revenue, where analysts …

Walmart, Taiwan Semiconductor, Netflix, Carnival and more Read More »