November retail sales posted surprising growth on Thursday, underscoring that the U.S. consumer remains in a better place than many feared. According to the Census Bureau, retail sales rose 0.3% in November. Economists had expected a decline of 0.1%. October retail sales fell 0.2%. November sales excluding cars and gasoline rose 0.6%, compared with Bloomberg … [Read more…]
(Bloomberg) — Stocks started the week cautiously as traders refrained from making big bets ahead of key economic data and meetings of major central banks that will test the market’s optimism about interest rate cuts in 2024. Most read by Bloomberg In less than 24 hours, Wall Street will get a sense of whether the … [Read more…]
Longtime Macy’s (M) shareholders just received an early Christmas present. Macy’s has received a $5.8 billion takeover offer from real estate investor Arkhouse Management and asset manager Brigade Capital Management, a source familiar with the matter told Yahoo Finance late Sunday. The company’s board is considering the offer. The WSJ first reported news of the … [Read more…]
‘This has got to stop’: This divorcing Cleveland man is spending $970 a month to pay off his truck — and now his ex wants him to eat up another $15,000 in debt. Dave Ramsey answers Divorce can be financially devastating, as one Cleveland man recently found out. Corey recently called into The Ramsey Show … [Read more…]
(Bloomberg) — President Vladimir Putin ordered the transfer of all rights to manage St. Petersburg’s Pulkovo airport from foreign shareholders, including Germany’s Fraport AG and Qatar’s wealth fund, by shifting their shares to a new Russian company. Most read by Bloomberg According to a decree published late Thursday, shares in the Cyprus-registered concession that operates … [Read more…]
(Bloomberg) — Treasury yields rose after data showed another rise in consumer inflation expectations for the year ahead and some traders took profits on dovish bets from the Federal Reserve. Most read by Bloomberg In a weak trading session before the Thanksgiving holiday, two-year U.S. yields topped 4.9%. The S&P 500 rose slightly. Amazon.com Inc. … [Read more…]
Plug Power (PLUG) CEO Andy Marsh brushed aside Wall Street’s concerns about the future of the hydrogen fuel cell developer after PLUG stock plunged on the company’s going concern warning. “We’re pretty confident when we look at everything,” Marsh told Yahoo Finance (video above). “If we look at our ability to manage this, we will … [Read more…]
INSCMagazine: Get Social! Zoya Finance, an innovative US-based fintech company, seeks to be “your halal investing co-pilot.” Through Zoya, investors can screen and analyze securities to ensure that they comply with investors’ ethical guidelines. Zoya is also launching brokerage services, and well as analytical tools to help investors calculate their charitable giving (Zakat) requirements. Two … [Read more…]
(Bloomberg) — The final week of 2023 is expected to be much quieter on Wall Street after a sharp rally that brought the U.S. stock market within striking distance of its record. Most read by Bloomberg Stocks edged higher on light volume, tracking the S&P 500’s longest weekly rise since 2017. The Federal Reserve’s dovish … [Read more…]
(Bloomberg) — The sense of doom that gripped crypto markets in late 2022 after a $1.5 trillion loss has given way 12 months later to a very different mood: stinginess. Most read by Bloomberg Bitcoin stormed back this year with a gain of more than 160%, adding around $530 billion to its market capitalization. As … [Read more…]