Category: United States

U.S. stock futures on Friday were trading near the lowest closing value in about two months, as investors react to rising bond yields and China’s economic turmoil. What’s happening Dow Jones Industrial Average futures YM00, -0.12% fell 18 points, or 0.1%, to 34518. S&P 500 futures ES00, -0.17% dropped 3 points, or 0.1%, to 4382. […]

Mia Isbell has taken a cut in pay this summer that amounts to $ 2,000 per month.  When her three school-age kids are on summer break, Isbell, a stylist and cosmetology teacher in Pittsburgh, Pa., is only able to work part time — three days a week from 9 a.m. to 3 p.m. With fewer […]

Dear Quentin, I’ll be inheriting about $ 100,000 very soon. It all depends on when probate is settled. I’ve never had this kind of money before, or access to this kind of money, so I know nothing about investing. I am only interested in zero risk. I saw a billboard for a bank that has […]

Instacart Inc. plans to launch its long-awaited initial public offering in September, Bloomberg News reported late Thursday. According to Bloomberg, Instacart could publicly file its IPO plans as soon as next week, adding that the grocery-delivery company is planning a traditional IPO on the Nasdaq, after previously considering a direct listing. An Instacart spokesperson declined […]

“ The chart of the S&P 500 is bullish as long as the index closes above 4330. ” The stock market, as measured by the S&P 500 Index SPX, has continued to remain in the downtrend that started near the 4600 level in late July. The decline has now reached the 4400 level, and that […]

Oil futures settled higher Thursday, snapping a three-day losing streak tied to worries about demand from China, rising Treasury yields and a stronger U.S. dollar. Price action West Texas Intermediate crude for September delivery CL00, +1.06% CL.1, +1.06% CLU23, +1.06% rose $ 1.01, or 1.3%, to settle at $ 80.39 a barrel on the New […]

Mortgage rates increased for the fourth week in a row, as the U.S. economy continues to show signs of strength while inflation is only slowly subsiding. The 30-year fixed-rate mortgage averaged 7.09% as of Aug 17, according to data released by Freddie Mac FMCC, +17.50% on Thursday.  The last time rates were this high was […]

Cisco Systems Inc. reported strong quarterly results, pushing its shares higher in after-hours trading Wednesday despite a mixed full-year forecast for fiscal 2024. “We are seeing solid customer demand, gaining market share, and innovating in key areas like AI, security and cloud. This momentum gives us confidence in our ability to capture the many opportunities […]

Here are some of the day’s biggest movers: Stock gainers: Cisco Systems Inc.’s CSCO, -0.73% stock initially tumbled before rising 4% after the computing giant reported fiscal fourth-quarter results. The company issued conservative full-year 2024 guidance that spooked some investors.

BAE Systems said Thursday it’s buying the aerospace business of Ball Corp for $ 5.55 billion, bolstering its capabilities in space systems and other defense technologies. Ball Aerospace is a Westminster, Colo.-based company with more than 5,200 employees, of whom over 60% hold U.S. security clearances. It makes products including spacecraft, mission payloads, optical systems, […]

Sinclair Broadcast Group Inc. wrongfully drained at least $ 1.5 billion from its regional-sports-network subsidiary in the years leading up to its bankruptcy, a new lawsuit alleges. In a lawsuit filed last month but made public Wednesday, Diamond Sports Group — which broadcasts nearly half of all Major League Baseball, National Basketball Association and National […]

Japan’s exports fell in July for the first time in 29 months, data from the Ministry of Finance showed on Thursday. Exports fell 0.3% from a year earlier as shipments of items such as mineral fuels and semiconductor manufacturing equipment declined. Economists surveyed by data provider FactSet had expected exports to fall by 1.0%. Lower […]

For the real-estate sector, 2023 is turning out to be the summer when it all came to a halt. Mortgage rates have stayed around the 7% range over the last few days, making it more expensive to buy a home for many aspiring homeowners. Even if buyers come to terms with high rates, home listings […]

The dramatic rise of the 10 year Treasury yield above 4% in recent weeks likely marks a peak level for the benchmark rate in this cycle, according to Patrick Saner, head macro strategy at insurance giant Swiss Re. Saner thinks the jump in long-term yields isn’t a cause for alarm due to a “looming bond […]

A New York Supreme Court judge recently ordered that New York City was “permanently” blocked from requiring any city retirees and their dependents to enroll in a private Medicare Advantage plan managed by Aetna or seek their own health insurance. On June 5, the court had issued a preliminary injunction in the case, which involved […]

A summer swoon that has been chipping away at stocks since early July was egged on Tuesday with news that Americans have hardly curbed their spending. Investors have been grappling with growing expectations for an economic “soft landing,” or no landing at all, that could open the door to more Fed hikes. Even as that […]

A little probate never hurt anyone, that’s what I’m learning from the process of handling my mother’s posthumous affairs and the administration of her trust.  Like many people, I had been under the impression that having a legal structure that delineates the distribution of a person’s assets meant you didn’t have to deal with probate […]

Intel Corp. will likely call off its proposed $ 5.4 billion acquisition of Tower Semiconductor Inc. after failing to win regulatory approval from China, Bloomberg News reported Tuesday night. According to the report, the deadline for the deal is midnight Tuesday, and it is unlikely China will give its approval in the final hours. Intel […]

SYDNEY — The Reserve Bank of New Zealand left interest rates unchanged as expected at a policy meeting on Wednesday, while indicating that interest rates will need to stay high for some time yet. The official cash rate was held steady at 5.50% as expected by economists. “The committee is confident that with interest rates […]

Shares of Coherent Corp. tumbled 17% in after-hours trading Tuesday after the optoelectronics company issued a weaker-than-expected outlook for the quarter and year ahead. The company anticipates adjusted earnings per share of 5 cents to 20 cents on revenue of $ 1 billion to $ 1.1 billion for the fiscal first quarter, it said Tuesday. […]