Category: United States

U.S. stock futures extended recent gains after expectations of an aggressive Federal Reserve interest rate hike eased, and traders prepared for more updates from the corporate earnings season. How are stock-index futures trading S&P 500 futures ES00, +1.00% rose 37 points, or 1% to 3,902 Dow Jones Industrial Average futures YM00, +0.88% added 270 points, […]

Stellantis NV said Monday that it will end the joint venture that makes and distributes its Jeep brand in China and focus on selling imported Jeep cars in the country. The Amsterdam-based car maker STLA, +2.37% STLA, +1.91% said the reason is that it hasn’t made progress in its plan to take a majority share […]

China’s banking regulator is moving to address rising financial risks stemming from the country’s slumping property market and several small banks ensnared in a liquidity crisis. The China Banking and Insurance Regulatory Commission said in a statement published on its website Monday that it will urge banks to provide the credit that eligible property developers […]

After peaking above a record $ 5 a gallon in June, U.S. gas prices should continue to fall in the coming weeks, a top White House energy adviser said Sunday, predicting prices around $ 4 a gallon, on average. In an interview Sunday on CBS News’ “Face the Nation,” Amos Hochstein, special presidential coordinator for international […]

Are you ready to get your scoop on? Sunday is National Ice Cream Day, a perfect excuse to indulge in America’s frozen favorite. It’s also a time to save some money. Ice-cream shops of all kinds, from local parlors to major national chains, are offering sweet deals. But we’re looking beyond the traditional deals — […]

Ready for sundae funday?  National Ice Cream Day is this Sunday, and we’ve got the scoop on the sweetest deals and freebies from dessert chains like Baskin-Robbins, Carvel, Dairy Queen and more.  And if you’re looking for something a little less vanilla, we also have a list of seven more exciting ways to indulge in […]

Consumers think inflation still has to boil over before it cools, according to the Federal Reserve Bank of New York’s latest read on people’s economic expectations. Inflation hit 9.1% on the year in June, a 41-year high, which was higher than either economists or inflation-derivatives traders had expected.  People seem to think the fever of […]

As earnings season kicks into high gear, there is one major question that could determine where stocks and inflation will head from here: Will companies continue to raise prices or cut costs in an attempt to maintain the record profit margins of 2021? As this column discussed three months ago, the S&P 500 index’s SPX […]

As if June inflation data reaching a 41-year high wasn’t enough Wednesday, here’s some worse news: Americans’ earnings declined yet again last month when factoring in rising costs. While the cost of living climbed 1.3% from May to June according to the Bureau of Labor Statistics, it said the inflation-adjusted average hourly earnings actually declined […]

The sharp spikes in oil and metals prices after Russia’s invasion of Ukraine have distracted investors from the long-lasting and more dangerous impact of food inflation, BlackRock BLK founder Larry Fink warned Saturday. “The one thing I worry about that we don’t talk enough about is food,” he told the Financial Times in an interview. […]

Homeownership became out of reach for millions of Americans following the recent boom in home prices. Lower-income families have been hit especially hard, with the share of new homes selling for under $ 300,000 plummeting to 10% from 35% in just two years. A number of factors, including more than a decade of limited homebuilding, […]

“‘[Sen. Joe Manchin] is a modern-day villain, who drives a Maserati, lives on a yacht courtesy of the coal industry, and is willing to see the world burn as long as it benefits his near-term investment portfolio.’” That’s a swing from oft-quoted Pennsylvania State University scientist and published author Michael Mann, responding Friday to reports […]

“‘Donald Trump and his supporters had their day in court and failed to produce substantive evidence to make their case.’” That’s an excerpt from a 72-page report titled “Lost, Not Stolen: The Conservative Case that Trump Lost and Biden Won the 2020 Presidential Election,” just out from a blue-ribbon panel of American conservatives. The report […]

The Biden administration’s international tax agenda suffered a setback when Sen. Joe Manchin rejected a 15% minimum tax on multinational companies this past week, dimming prospects of turning last year’s global tax agreement into reality. Biden administration officials had planned to use Democratic fiscal legislation to enact the U.S. piece of the deal struck last year by Treasury Secretary Janet Yellen and more […]

In the fall of 2008, when global stock markets were imploding, I happened to be in New York. I switched on the TV in my hotel room and saw financial commentator Suze Orman on Larry King Live. She took calls from the public. One went something like this: Caller: Do you think the stock market […]

The inflation rate hit a 41-year high in June, and retirees may feel the unpleasant consequences while walking down supermarket aisles or the line at the pharmacy.  Retirement Tip of the Week: Now is a good time to review your expenses, and make sure you’re not paying more than you have to for your necessities […]

Nearly one million women of child-bearing age could be uninsured next year if lawmakers let enhancements lapse for a tax credit linked to Obamacare coverage, according to researchers who say the timing is particularly jarring after the fall of Roe v. Wade. Democrats are staring at the possibility of an increasingly stripped-down spending bill with […]

Dear Quentin, I recently opened a robo-adviser account because purchasing and picking stocks seems complicated, and I would have no idea what I am doing. I figured a robo-adviser would take out a lot of guesswork and confusion. All I have to do is deposit money and let the account do the hard work, which […]

Putting bread on the table is easier for some Americans than others.  More than three quarters of U.S. adults (78%) have little to no room to stretch their budget to cope with with rising inflation, according to a recent Forbes Advisor survey of 2,000 people. The reason? Most of their income is being spent on […]

Going to the grocery store anytime soon? Brace yourself.  Food prices jumped 1.2% last month, and have shot up 12.2% in the past year, the biggest annual increase since 1979.  For the first time since 1952, grocery prices have risen by 1% or more for six straight months. The cost of dining out increased by […]