Fed’s Musalem says going slow on interest-rate cuts makes sense
Cutting interest rates at a gradual pace seems to make sense given where the economy is today, St. Louis Fed President Alberto Musalem said Monday.
Rolls-Royce NYC Private Office showroom caters to top-tier clients
Rolls-Royce has opened its first U.S. “Private Office,” a secret VIP design studio for ultra-wealthy clients who want highly personalized cars. The Private Office, in Manhattan’s trendy Meatpacking District, is central to the fabled British automaker’s new strategy of growing sales and profits from selling more customized, higher-priced vehicles rather than boosting production. Rolls-Royce produced […]
The bull market is nearing its second birthday. Here’s why it will likely continue.
The bull market in U.S. stocks is about to turn two years old, the latest milestone for a rally that has surpassed the expectations of all but the most bullish investors on Wall Street.
Walmart-owned Sam’s Club tests future without checkout lines
Sam’s Club is opening a store in the Dallas area that will require customers to go all digital. Shoppers will use a smartphone app to scan and pay for their own purchases rather than standing in a checkout lane. Sam’s Club GRAPEVINE, Texas — When shoppers walk into Sam’s Club’s newest store, they’ll soon see […]
Apple’s stock draws a downgrade as AI optimism may be very premature
A Jefferies analyst says it will take time for smartphone technology to truly support AI. That means sales expectations for the iPhone 16, and perhaps even the iPhone 17, may be too high.
Arcadium Lithium stock soars as report of Rio Tinto acquisition bid is confirmed
Global mining giant Rio Tinto PLC has expressed interest in buying Arcadium Lithium PLC, both companies confirmed Sunday.
Starboard reportedly takes $1 billion stake in Pfizer, seeks changes
Activist investor Starboard Value has taken a $1 billion stake in beleaguered drugmaker Pfizer Inc. and is seeking a turnaround, the Wall Street Journal reported late Sunday.
Stock market’s soft-landing rally faces CPI inflation test. Here’s what investors should do.
Middle East tensions, the port strike and the Fed’s interest-rate outlook puts inflation front and center again for the U.S. stock market this week.
MLS-OneFootball deal seeks to expand global audience
Lionel Messi #10 of Inter Miami controls the ball during the second half of the game against St. Louis City at Chase Stadium on June 01, 2024 in Fort Lauderdale, Florida. Megan Briggs | Getty Images Major League Soccer is teaming up with German digital media platform OneFootball to provide highlights, stats and other content […]
Third-quarter earnings are upon us. So are worries of slower growth.
This summer, restaurants and many retailers who weren’t Walmart warned of a struggling consumer.
