The Margin: ‘I love cooking, but I haven’t done it much recently’: Tech professional spends $1,000 a week dining out

And you thought you blew too much money dining out. A Bon Appétit story about a 27-year-old tech professional who spends around $ 1,000 per week eating in restaurants has sparked quite the social-media frenzy. Commenters have criticized the restaurant budget as being overly excessive, but as one also noted, “Mixture of emotions here, but […]

Continue Reading

Futures Movers: Oil prices post first gain in 4 sessions as weekly U.S. crude supplies drop by more than 7 million barrels

Oil futures finished higher for the first time in four sessions on Wednesday, as U.S. government data revealed a more than seven million-barrel weekly drop in domestic supplies. The inventory data helped offset concerns over the global economic growth outlook, as traders continued to eye developments surrounding the Iran nuclear deal. Price action West Texas […]

Continue Reading

Earnings Results: Target stock falls after big profit miss, but most of the financial pain from inventory actions has passed

Shares of Target Corp. took a hit Wednesday after the discount retailer reported a big fiscal second-quarter profit miss, as excess inventory continued to present a big challenge to results — although revenue managed to top expectations and full-year guidance remained intact. The earnings miss comes after the retailer warned in early June that actions […]

Continue Reading

The Upcycler: It’s National Thrift Shop Day. Here are 7 tricks for scoring high-end clothes and more

An average American throws out 60-80 pounds of used clothing in a lifetime. Add up all the people tossing the items they’re tired of and we’re talking many lifetimes of polluting degredation in a landfill. Nowadays, as younger generations in particular rethink consumption, the thrift or secondhand store is attracting shoppers who are not just mindful […]

Continue Reading

Bond Report: Treasury yields edge higher, pushing 10-year rate above 2.8%, ahead of Wednesday’s Fed minutes report

U.S. bond yields nudged higher on Tuesday on diminished demand for fixed-income assets as investors prepared for this week’s release of minutes from the Federal Reserve’s July meeting. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 3.240% rose 4.8 basis points to 3.249% at 3 p.m. Eastern. The yield on the 10-year Treasury TMUBMUSD10Y, […]

Continue Reading

Washington Watch: Liz Cheney is on track to lose her primary in Wyoming. She might set her sights on the White House next.

As Americans continue to grapple with the implications of the recent FBI raid on Donald Trump’s Florida estate, Tuesday’s Republican primary election in Wyoming could provide an important measure of the former president’s support within the base of the GOP. Wyoming Rep. Liz Cheney, former President Trump’s most high-profile Republican antagonist, is facing off against […]

Continue Reading

Earnings Results: Declining real-estate market leads Compass execs to cut forecast and costs; stock plunges

Compass Inc. shares plummeted in after-hours trading Monday, after the real-estate brokerage and tech provider slashed its annual revenue guidance and revealed plans to cut costs due to a downturn in the housing market. Compass COMP, -0.43% executives reduced their annual sales forecast by roughly $ 1.5 billion, with the current forecast calling for revenue […]

Continue Reading

Deep Dive: What’s the best way to invest in tech stocks right now? This strategy is working well for one fund manager.

Technology stocks have been rallying for weeks. But there are plenty of arguments that we’re in the midst of a bear-market rally and that more volatility lies ahead, especially for the rapidly growing, but not necessarily profitable, technology stocks that performed so well during the previous bull market through late 2021. Read: Nasdaq bull market? […]

Continue Reading