Category: United States

The 911 may be Porsche’s icon, but the Macan is arguably Porsche’s most important vehicle. The compact SUV is the brand’s best-selling and least expensive model — the doorway to the storied brand. Porsche POAHY, -2.19% is now taking the Macan electric. The 911? Never, if current leadership gets its way. Porsche recently raised the curtain on an all-electric version […]

Novartis AG on Monday announced it has agreed to buy German biopharmaceutical company MorphoSys AG for 2.7 billion euros ($ 2.9 billion). Under the deal, Switzerland-based Novartis would acquire pelabresib, a potential treatment for myelofibrosis, and the anti-tumor drug tulmimetostat.  “With the planned acquisition of MorphoSys, we aim to further strengthen our leading pipeline and […]

SYDNEY — The Reserve Bank of Australia moved to a neutral stance on interest rates as inflation cools quickly, suggesting a record run of hikes that stretched from May 2022 may be approaching an end. The RBA kept the official cash rate on hold at 4.35% at the conclusion of its first policy meeting for […]

Super Micro Computer Inc. shares have surged more than 600% over the past year, but one board member just sent a signal of confidence by buying up stock. Fred Chan, who’s spent just over three years on the storage and server company’s board, scooped up 2,000 Super Micro shares SMCI, +14.44% Thursday at $ 568 […]

The Department of Education is beefing up resources at certain colleges and financial-aid organizations after weeks of complaints from students, college counselors, schools and congressional Republicans over the delayed launch of the new FAFSA form.  Secretary of Education Miguel Cardona said Monday his agency would deploy federal financial-aid personnel to under-resourced colleges, including Historically Black […]

“‘They’ve [The Fed] engineered what looks to be a soft landing, inflation is coming down, the economy is still strong. Why would you waste rate cuts now and risk a resurgence of inflation when all you really need to do is declare victory?‘” — Steve Eisman, senior portfolio manager at Neuberger Berman Group. Steve Eisman, […]

The economic data doesn’t have to change in order to justify interest rate cuts, there just has to be more of it, Chicago Fed President Austan Goolsbee said on Monday. “If we just keep getting more data like we’ve gotten … we should be well on the path to normalization,” Goolsbee said, in an interview […]

Tyson Foods Inc.’s stock TSN, -0.48% rose 3.8% early Monday, after the parent of food brands Tyson, Hillshire Farm, Jimmy Dean and Ball Park beat profit estimates for its fiscal first quarter. The Springdale, Ark.-based company posted net income of $ 107 million, or 30 cents a share, for the quarter to Dec. 30, down […]

Meta Platforms CEO Mark Zuckerberg is now the fourth richest person in the world following a surge in Meta’s share price that has increased his net worth more than any other individual this year. In 2024 so far, Zuckerberg’s fortune has climbed by $ 42.4 billion, which has vaulted him to fourth place on Bloomberg’s […]

Anyone already feeling burned by sharp increases in their auto insurance rates over the last year should buckle up — it’s only getting more expensive. Car insurance premiums in the U.S. will continue to climb this year after rising more than 43% since January 2022, new research from Bankrate shows.  “While we hope to see […]

Dear Quentin, I have a 19-year-old college-sophomore daughter who is coming into a large sum of money — around $ 800,000. What is the best way for her to invest and set herself up for the future?   Considering her age, I would love for some of that money to be inaccessible. If I say the […]

Federal Reserve Chairman Jerome Powell on Sunday said that the strength of the economy allows the Fed to be “careful” in deciding when to cut interest rates. “With the economy strong…we feel like we can approach the question of when to begin to reduce interest rates carefully,” Powell said, in an interview aired on CBS […]

While the U.S. stock market has been pricing in a “soft-landing” scenario for the economy, a blowout January jobs report, relatively strong corporate earnings, and Federal Reserve Jerome Powell’s comments during the past week could point to the possibility of “no landing,” where the economy is resilient while inflation stays target.   Such a scenario […]

With the U.S. fourth-quarter earnings reporting season almost halfway through, the financial industry is fretting over souring consumer credit. Companies that make shoes and clothes said retailers, still contending with shoppers banged up from inflation, were reluctant to buy their products. Others are announcing cost cuts and layoffs. Big tech is bailing all of them […]

The bottle Traveller Whiskey, $ 39.99 The back story It’s the big Grammy Awards weekend. So here at Weekend Sip, that naturally has us thinking about the many artists and groups, from Jennifer Lopez to Lynyrd Skynyrd, with their own brand of booze. Now, you can add another name to the list: Country star Chris […]

President Joe Biden issued a statement Friday celebrating the latest blowout jobs report. They showed “another month of strong wage gains and employment gains of over 350,000 in January, continuing the strong growth from last year,” it read. This was, the statement added, “proof” that “America’s economy is the strongest in the world.” But below […]

There’s no such thing as a free lunch, but does free tax prep exist? Yes. But like many things with taxes, it all depends on your personal situation. When major tax-preparation brands TurboTax, made by Intuit, and H&R Block say they’ll do income tax returns at no cost, that only applies to certain people. Live […]

On Feb. 3, 2023, a Norfolk Southern Corp. train derailed in East Palestine, Ohio, thrusting the issue of rail safety into the national spotlight. No one was killed or injured in the derailment, but the incident was described as a “PR nightmare” for Norfolk Southern NSC, -1.63% and the rail industry. The derailed cars included 11 […]

Donald Trump’s major policy initiatives during his term as president were a massive tax cut and a governmentwide effort to cut regulations that he argued cost the U.S. economy trillions of dollars and “devastated entire industries.” Lax oversight of environmental, safety and labor standards, to name three categories, represented a policy pivot that united Trump […]

It happens to us all.  You come back from a holiday spent stuffing yourself with cookies and wondering what day of the month it is, toasting to the new year with big plans: In 2024, you’ll start working out. You’ll attempt a social life. Never again will you eat so many rich foods or wear […]