U.S. stocks lower after downbeat global economy news, rising oil prices
U.S. stocks were trading lower early Tuesday afternoon, with investors weighing the impact of more international oil supply cuts, weak economic data from China and Europe, and the first drop for U.S. factory orders in months. How stocks are trading The S&P 500 dropped 6 points, or 0.1%, to 4,509 The Dow Jones Industrial Average […]
Warner Bros Discovery expects big earnings hit amid strikes
Timothee Chalamet and Rebecca Ferguson star in Denis Villeneuve’s remake of “Dune.” Warner Bros. Warner Bros. Discovery is preparing investors for the effects of the writers’ and actors’ strikes if they continue through the end of this year. The company, in a Tuesday securities filing, said it adjusted its expectations, assuming the financial impact of […]
Treasury yields higher amid concern about stubborn inflationary pressures
U.S. bond yields rose on Tuesday as revived inflation angst trumped concerns about a slowing global economy. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y rose 3.7 basis points to 4.908%. The yield on the 10-year Treasury BX:TMUBMUSD10Y climbed 3.1 basis points to 4.216%. The yield on the 30-year Treasury BX:TMUBMUSD30Y rose 3.7 basis […]
I gave my daughter $5K for her divorce but she lashed out when I said ‘no more’
Despite the ups and downs of life, as brilliantly described by Jonathan Clements, I was able to retire at 58 in 2018. My wife, who is 10 years younger, will follow me in 2024. Throughout our working years and my retirement, we have financially helped our children, who are in their mid- to late 30s. […]
How women veterans can get the higher-paying civilian jobs they deserve
Women have fought for and won bigger roles in the U.S. military in recent years, but a gap favoring their male counterparts emerges yet again when active duty ends and the civilian job hunt begins. Women veterans are more than twice as likely to be unemployed six months after completing their service than male veterans, […]
‘I lost bidding war after bidding war’: A ‘hellish’ imbalance in the housing market is frustrating buyers
The housing market is out of whack. The process of buying a home can be painful, and the unpredictable and counterintuitive dynamics of the current real-estate market don’t help. Painful, in fact, might be an understatement. “It was a hellish experience,” Odeta Kushi, who bought a home last year in the D.C. metro area with […]
Wall Street is raising quarterly profit forecasts for the first time in 2 years
After nearly two years of concerns about a recession, growing optimism about the economy is starting to filter down into Wall Street’s expectations for individual companies’ quarterly results, with analysts growing more upbeat about corporate profit in the months ahead While expectations for those quarterly results usually trend lower as earnings season arrives, analysts over […]
China property stocks rally as better news challenges record media negativity.
When sentiment towards a market is resolutely negative, any positive news can more easily deliver a bounce as traders feel forced to shift positions. A revival on Monday in China’s property sector, which triggered a broad Asia rally, may attest to that narrative. As the chart below from SentimenTrader shows, news articles about China recently […]
Are banks open on Labor Day? Do UPS and FedEx deliver?
Say farewell to summer. True, the season doesn’t officially end until Sept. 23 this year. But most of us consider the Labor Day weekend the unofficial end, and we often celebrate it by gathering with friends and family for picnics and barbecues, or by attending events of all kinds. Of course, Labor Day, which falls […]
What’s next for Russia’s designs on Africa, if Prigozhin ‘was the only one crazy enough to make it work’?
“‘Africa’s all going to sh—. They wouldn’t let him do any operations anymore and nobody’s going to take them over, because you need Zhenya for that. He was the only one crazy enough to make it work.’” Those words are ascribed to a person described by the Financial Times as a longtime acquaintance of Yevgeny […]
