Shoppers walk past an Apple Store at Franklin Park Mall during Black Friday. Shoppers head to stores to take advantage of Black Friday sales during the COVID-19 pandemic. Stéphane Zenner | SOPA Images | light flare | Getty Images A union vote at an Apple store in Atlanta’s Cumberland Mall is in doubt after the … Read more
Bank of America CEO Brian Moynihan previews “Mornings with Maria” at the World Economic Forum in Davos, Switzerland. The US economy could be heading into a recession next year as persistently high inflation and an increasingly hawkish Federal Reserve weigh on growth. Greg Daco, chief economist at EY-Parthenon, warned in a new analyst note that … Read more
An inflation indicator closely watched by the Federal Reserve rose 6.3% in April from a year earlier, the first slowdown since November 2020 and a sign that high prices may finally be moderating, at least for the moment. The inflation figure released Friday by the Commerce Department was below the four-decade high of 6.6% set … Read more
Bank of America CEO Brian Moynihan previews “Mornings with Maria” at the World Economic Forum in Davos, Switzerland. The US economy could be heading into a recession next year as persistently high inflation and an increasingly hawkish Federal Reserve weigh on growth. Greg Daco, chief economist at EY-Parthenon, warned in a new analyst note that … Read more
Find out what clicks on FoxBusiness.com. The White House has announced that 1.25 million boxes of infant formula will be flown to the United States from Australia starting in the coming weeks and months. In an announcement on Friday afternoon, the US Food and Drug Administration said the shipment, manufactured by Bubs Australia, will arrive … Read more
US consumer spending rises, rising inflation slows Wall Street rallies and ends a weekly losing streak Treasury yields fall Brent oil rises $2 NEW YORK, May 27 (Reuters) – Global markets enjoyed a broad-based rally on Friday as the yield on benchmark U.S. Treasuries fell after data showed U.S. consumer spending rose in April and … Read more
Renowned investor Cathie Wood, managing director of Ark Investment Management, bought one of the world’s largest and most important semiconductor makers on May 26 for the first time in at least several months. Ark also purchased an organ transplant services business as well as some household names. All valuations below are as of Thursday’s close. … Read more
The combination of limited new supply options, growing risks to traditional supply and growing global demand are expected to drive oil prices higher this summer. Oil Price Alert: This month’s Smart Investor column, now available to members of Global Energy Alert, highlights two oil and gas pipeline stocks that have the potential to generate significant … Read more
It was a great week for the portfolio. Ahead of the long holiday weekend, I know the buzz is centered around Nvidia (NVDA) and how this big $465 billion company signaled a sea change when it announced a strong quarter, cut its guidance – and stocks rallied. This was directly contrary to the pattern that … Read more
Traders on the floor of the NYSE, May 6, 2022. Source: NYSE Stocks could continue the momentum of this latest rally into next week as investors anticipate Friday’s jobs report. All three major indexes posted big gains over the past week, each rising more than 6%. The S&P 500 and the Nasdaq Composite both snapped … Read more
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