When will consumers stop buying more stuff? It’s a key question for the stock market in the week ahead.
Consumer spending has defied Wall Street expectations all year, both by keeping stocks afloat near record levels and by preventing the U.S. economy from running aground into a recession. That’s why sentiment around stocks in the week ahead could hinge on two related economic data points: the consumer-price index (CPI) for August due on Wednesday […]
How Taylor Swift could change the movie theater industry
Taylor Swift pauses between songs during her first sold-out concert of three nights at AT&T Stadium in Arlington, Texas, in March. Fort Worth Star-telegram | Tribune News Service | Getty Images LOS ANGELES – Taylor Swift changed the music industry. Now she’s coming for the movies. The cinema industry is in a state of flux. […]
Ozempic, Wegovy may curb drinking, smoking: What we know
An Ozempic (semaglutide) injection pen is seen on a kitchen table in Riga, Latvia on 06 August, 2023. Jaap Arriens | Nurphoto | Getty Images Heather Le Biller shed 9 pounds within the first week of taking Novo Nordisk‘s blockbuster diabetes drug Ozempic – and then even more as she continued treatment. Le Biller, a […]
Guilty plea roils case of yoga gurus accused of taking millions from Malibu doc
Their shared hippie spirit brought them together over a vegan potluck dinner, but the prospect of years in federal prison for allegedly stealing millions from a mentally-ill Malibu doctor, has driven a wedge between them. A federal fraud prosecution against a pair of yoga gurus accused of siphoning cash from Dr. Mark Sawusch’s $60 million […]
Airlines warn about spike in fuel costs, Southwest narrows revenue outlook
A bird flies by in the foreground as a Southwest Airlines jet comes in for a landing at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Major U.S. airlines warned about a spike in jet fuel prices, adding to costs during the busy summer travel season. Jet […]
Airlines warn about spike in fuel costs, Southwest narrows revenue outlook
A bird flies by in the foreground as a Southwest Airlines jet comes in for a landing at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Major U.S. airlines warned about a spike in jet fuel prices, adding to costs during the busy summer travel season. Jet […]
IRS will pursue 1,600 millionaires who owe back taxes — promises ‘sweeping and historic changes’
The Internal Revenue Service is going after hedge funds, large law firms, partnerships and more millionaires as its compliance clampdown continues, the tax agency’s commissioner said. One year after Congress approved billions in extra funding for the IRS to improve operations and revive high-end tax enforcement that flagged during the past decade, the agency is […]
Warner Bros. Discovery CEO says writers, actors strikes need to end
Warner Bros. Discovery CEO David Zaslav. Olivia Michael | CNBC The media industry is in a transitional moment — from streaming to traditional TV — and the focus needs to be on ending the writers and actors strikes, Warner Bros. Discovery CEO David Zaslav said on Wednesday. “We’re a content company. We’re a storytelling company. […]
‘My in-laws are moving in with us, so I’d like them to inherit our home’: Is that a good idea?
Dear Quentin, I have spoken with an attorney, but I see several online will services that are very inexpensive that include a will and a healthcare power of attorney. Is an online will service sufficient for most people? I am in the process of trying to figure out the best way to go about getting […]
NY man Ryan Furtado killed ‘instantly,’ suit says
Cari Gundee rides her Peloton exercise bike at her home in San Anselmo, California, April 6, 2020. Ezra Shaw | Getty Images The family of a New York man claims he was killed by his Peloton bike just six months after buying it, but the company insists that his own negligence caused his death, according […]
