Category: United States

Fans of old-school sweets got some disappointing news last week: Fruit Stripe gum, a brand with a history that stretches back half a century, is no longer. Now comes the real question: When can we expect it to be revived? There’s a retro fervor sweeping the candy scene. Brands that were all but lost to […]

One major Wall Street bank is weighing in on what it calls “an extreme scenario” in which no Group of 10 central bank cuts interest rates this year due to sticky inflation, strong economic growth or fresh shocks that push price gains higher. In a note on Tuesday, Athanasios Vamvakidis, a U.K.-based FX strategist at […]

BIll Ackman has never met a fight he shied away from. He’s just usually kept them focused on Wall Street.  Now, the billionaire hedge-fund manager behind Pershing Square Capital Management has recreated himself as a kind of public advocate, waging wars against plagiarism, the leadership of Harvard University, the impugning of his wife’s reputation and […]

“Nvidia has history on its side.” You couldn’t take 10 steps at CES, the annual Consumer Electronics Show in Las Vegas, without hearing about AI. All the key players in the AI PC race were present last week in force, including Intel INTC, -0.13%, AMD AMD, +8.31%, Qualcomm QCOM, +0.66% and Microsoft MSFT, +0.46%. Intel […]

The release of documents that support a recommendation by the U.S. Department of Health and Human Services to lower the classification of cannabis under federal law to Schedule III from Schedule I ignited a rally in cannabis stocks on Tuesday. Ayr Wellness Inc. AYRWF, +20.73% rallied by 20.1%, Curaleaf Holdings Inc.  CURLF, +3.76% was up […]

Treasury yields rose Tuesday morning after central bank officials in the U.S. and Europe attempted to push back on the market’s expectations on the timing and pace of interest-rate cuts in 2024. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y advanced 9.4 basis points to 4.232% from 4.138% on Friday. The yield on the […]

The return from a long holiday weekend is set to be a frosty one for investors, and not just that dangerous cold. Stock futures are dropping as bond yield rise, echoing Monday’s action in Europe after some hawkish regional policymaker talk. Meanwhile, former President Donald Trump’s Iowa triumph, while expected, has sparked some chatter about […]

Tesla has begun accepting orders for its new, redesigned Model 3 sedan in North America. Tesla redesigned its least expensive model last fall but has sold the new version only in China and Europe for the last four months. It’s now available stateside. Tesla doesn’t do model years Tesla TSLA, -3.67% styles itself a unique kind of car company. […]

Donald Trump was projected as the runaway winner in Iowa’s Republican presidential caucuses on Monday night, while Florida Gov. Ron DeSantis was projected as coming in second place. Nikki Haley, a former ambassador to the U.N. and governor of South Carolina, was on track to finish third, and entrepreneur Vivek Ramaswamy appeared on course for […]

In the early 2000s, Robert Witt, then-president of the University of Alabama, gave the school’s admissions office clear instructions: Approach recruiting top academic prospects the same way you would top athletic prospects — and look out of state to find them.  Various sectors of the school embarked on that mission, according to a 2010 case […]

Goldman Sachs thinks the U.S. economy will be growing by more than double market consensus at the end of 2024, and has a list of 10 reasons that it’s more optimistic than most. In a note published over the weekend, a Goldman economics team led by Jan Hatzius said it sees U.S. GDP expanding on […]

Donald Trump is unlikely to get his wish that a U.S. stock-market crash occurs this year. I’m referring to the former U.S. president’s comments last week that he hopes the market crashes in 2024, since if he is elected in November and takes office a year from now, he doesn’t want to be another Herbert […]

We often hear how teens and young adults lack financial literacy. They may not understand investment concepts such as the power of compounding or the importance of diversification. With age comes wisdom, right? Not necessarily. Many older people — from mid-career professionals to retirees — grasp the basics of spending, saving and investing. But just […]

The rich only got richer during the pandemic, according to a new report — in fact, the five wealthiest people in the world saw their net worth rise by $ 869 billion. Oxfam released its report Sunday, a day before business elites were set to gather at the World Economic Forum meeting in the Swiss […]

I turned 60 last week, something of a milestone birthday that one could say marks my arrival into senior citizenhood and that final, quiet chapter of life. Naturally, that has led to a number of thoughts about growing old and what I’ve learned (and not learned) over the years. But mainly, it’s led me to […]

A poll conducted of chief economists found three-quarters expecting weak to very weak growth in Europe this year, the most pessimistic outlook of any region. The chief economist survey, released in conjunction with the World Economic Forum in Davos but conducted in November and December, found a big geographic split, with 93% expecting moderate to […]

Millionaires who were behind on their taxes have already paid a half-billion dollars to get current with the IRS as the agency ratchets up high-level enforcement of tax compliance. On Friday, the IRS unveiled new numbers on the amount of back taxes paid by millionaire households ever since a 2022 upgrade brought tougher IRS enforcement […]

Shares of Wipro Ltd. rocketed Friday, after the India-based information-technology consultant beat fiscal third-quarter profit expectations, to snap a streak of earning misses amid a jump in large deals, fueling hopes that a bottom in the IT business has been hit. “In a seasonally soft quarter, deal booking momentum remained strong,” said Wipro Chief Executive […]

On Monday, Americans will pay tribute to the late civil-rights leader Martin Luther King Jr. Martin Luther King Jr. Day commemorates the life and legacy of King, who was born on Jan. 15, 1929, and became a leading voice in the fight for racial justice. MLK Day, as the holiday is often called, was made […]

Six people are in custody on Sunday as Metropolitan Police detectives investigate a plot to disrupt the London Stock Exchange, authorities said. The police said the arrests were made in Brighton, Liverpool, and London. In a statement, the Metropolitan Police in the U.K. said the allegations are that activists from the Palestine Action group were […]