Category: United States

Biden administration officials are considering subjecting some of Elon Musk’s ventures, including his planned acquisition of Twitter Inc., to national security reviews, according to a new report. Bloomberg News reported late Thursday that some U.S. officials have become concerned in recent weeks by Musk’s Russia-friendly tweets and his threat to cut off Starlink satellite internet […]

If you’re dreading the first of the month, you’re likely not alone. Rental costs for single-family homes were up 26% in August from the pre-pandemic prices of February 2020 — with the national median rent for a three-bedroom property jumping by $ 400 a month, according to Molly Boesel, principal economist for the housing-research firm […]

Even if Federal Reserve Chairman Jerome Powell and his cohorts stopped hiking policy rates soon, the 30-year fixed mortgage rate still would climb to 10%, according to Christopher Whalen, chairman of Whalen Global Advisors. That’s because the Fed’s torrid pace of rate increases in 2022 takes time to seep back into mortgage rates, especially with […]

Sometimes it takes time for certain aspects of inflation to have an impact. Higher costs in healthcare is one such aspect, analysts say. Healthcare providers, insurance companies and employers meet regularly to make decisions about copays, premiums and prices ahead of the following year’s open enrollment.  “If you signed up for a health-insurance plan during […]

Global carbon dioxide emissions from the burning of coal, oil and natural gas will be held to an increase under 1% this year, an outcome that many observers deemed impossible as the globe struggled to get its hands on old and new energy sources after Russia invaded Ukraine. The prediction for a 2022 increase that […]

U.S. Treasury rates may have yet to peak after surging this year, but higher yields have made bonds more attractive in tumultuous markets as investors face a likely recession next year, according to Vanguard Group. “It’s been tough being a fixed-income investor for the last few years,” with investors struggling a couple years ago to […]

Benchmark bond yields rose to fresh 14-year peaks as investors continued to fret about stubbornly robust inflation and the higher borrowing costs required to defeat it. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.588% rose 3.5 basis points to 4.589%. Yields move in the opposite direction to prices.The yield on the 10-year Treasury […]

STOCKHOLM–Ericsson AB on Thursday posted a third-quarter net profit that missed expectations as lower licensing revenue and higher costs weighed on margins, though it continued to see strong 5G sales momentum primarily in North America. The Swedish telecommunications-equipment company ERIC.A, -12.21% ERIC.B, -11.44% reported net profit attributable to shareholders of 5.21 billion Swedish kronor ($ […]

The numbers: Mortgage applications fell 4.5% this week, as higher mortgage rates dragged down the housing sector. Applications fell for the fourth month in a row, to the lowest level since 1997. From builder sentiment to home sales, rates — which are a hair’s breadth away from 7% — have hit home buyers and homeowners […]

Tesla Inc. Chief Executive Elon Musk suggested the electric-vehicle maker could repurchase up to $ 10 billion worth of its stock Wednesday, as shares declined following a third-quarter revenue miss and his CFO brought down delivery expectations for the full year. Some Tesla TSLA, +0.84% investors have been agitating for a stock buyback after multiple […]

Shares of International Business Machines Corp. rallied in extended trading Wednesday, after the tech software, consulting and infrastructure giant reported third-quarter results that beat expectations and offered up a more upbeat full-year sales forecast. IBM IBM, -0.35% reported earnings as Wall Street tries to gauge the impact of a tough foreign-exchange environment, and the state […]

Lam Research Corp. shares rose ahead of the company’s scheduled earnings report Wednesday, following a beat-and-raise quarter from Dutch rival ASML Holding NV that raised all boats in the sector. Chipmaking-equipment supplier Lam LRCX, +2.61% saw shares rise as much as 3% Wednesday as American depositary receipts of ASML ASML, +5.94% ASML, +8.15% rallied as […]

Dear Quentin, I am 66 years old and moved in with my girlfriend, who owns her own house. I invested $ 25,000 in repairs, and have made half the mortgage payments for the last five years.  My name is on the refinanced mortgage, but not on the title deed.  What happens upon her death if […]

Investors suffering motion sickness from the stock market’s wild October swings probably don’t want to hear about it, but Wednesday marks the 35th anniversary of the single ugliest day in stock-market history. On Oct. 19, 1987, the Dow Jones Industrial Average DJIA, +1.12% plunged 508 points, a decline of almost 23%, in a daylong selling […]

U.S. stock futures on Wednesday see-sawed as benchmark Treasury yields moved further above 4%. How are stock-index futures trading S&P 500 futures ES00, +0.42% rose 8 points, or 0.2%, to 3740 Dow Jones Industrial Average futures YM00, +0.25% rose 25 points, or 0.1%, to 30601 Nasdaq 100 futures NQ00, +0.67% gained 47 points, or 0.4% […]

America’s high inflation rate will produce a 7% increase in the size of the standard deduction when workers file their taxes on their 2023 income, according to new inflation adjustments from the Internal Revenue Service. It’s also going to pump up tax brackets by 7% as well, according to the annual inflation adjustments the IRS […]

Apple Inc. quietly announced upgrades to two of its iPad models Tuesday, through announcements lacking the fanfare of the company’s recent iPhone 14 debut. Instead of hosting an event to reveal the iPad updates as it did for the iPhone, Apple AAPL, +0.94% simply announced the refreshed devices in a series of press releases. The […]

The Securities and Exchange Commission has filed charges against former NewAge Inc. Chief Executive Brent David Willis, accusing him of a “multi-year fraud” that included misleading public statements meant to promote the wellness-focused beverage maker that once hoped to take advantage of the nation’s CBD craze. The SEC alleged that Willis’ statements created the “illusion” […]

Netflix Inc. executives on Tuesday detailed their plans to crack down on users sharing their accounts on the streaming service, which is expected to arrive early next year. In a letter to shareholders in conjunction with their third-quarter earnings report, Netflix NFLX, -1.73% executives said that they would offer those currently using other people’s accounts […]

Speculation that the Biden administration will soon announce the release of more oil from the U.S. Strategic Petroleum Reserve put pressure on oil prices Tuesday, but analysts don’t expect such a move to lead to a significant fall in gasoline prices at the pump. On Tuesday, Bloomberg reported that the Biden administration is moving toward […]