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Retailers Slash Prices to Woo Budget-Conscious Customers This Summer

Retailers Slash Prices to Woo Budget-Conscious Customers This Summer

There may be additional reasons for Americans to rejoice in the return of warmer weather if they spend Memorial Day shopping for deals both online and in physical locations.

May 28, 2024 05:49 PM EDT


Florida Communities Build Permanent Disaster Funds

Florida Communities Build Permanent Disaster Funds

Last year, the United States set a new record for the highest number of disasters causing over $1 billion in damages. The National Oceanic and Atmospheric Administration's forecast for the 2024 Atlantic hurricane season, starting June 1, predicts at least 17 named storms and four to seven major hurricanes.

May 28, 2024 03:56 PM EDT


Government Mulls $2,000 Stimulus for Seniors: Details on Eligibility, Timing Scarce

$2,000 Stimulus for Seniors Ready for Release? Details on Eligibility, Timing Scarce

The US Federal Government plans to provide the $2000 Seniors Stimulus Checks, which are intended primarily for seniors from low-income families.

May 27, 2024 03:19 PM EDT


NCAA Agrees to Payout, Redefining College Athlete Compensation

NCAA Agrees to Payout, Redefining College Athlete Compensation

A $2.8 billion deal that ends an antitrust case against the National Collegiate Athletic Association and the country's five largest conferences will compensate thousands of student-athletes, both current and former. Now, the difficult part will be deciding how much each participant receives and why.

May 27, 2024 03:32 PM EDT


Proxy Firm Questions Musk's $56 Billion Compensation Proposal

Proxy Firm Questions Musk's $56 Billion Compensation Proposal

The $56 billion compensation proposal for Tesla CEO Elon Musk, if approved, would be the highest pay package for a CEO in corporate America, according to a statement made on Saturday by proxy consulting company Glass Lewis.

May 27, 2024 03:19 PM EDT


Beef Prices, Condiments Increase Prices to Over 10% Ahead of Memorial Day

Beef, Condiments Increase Prices to Over 10% Ahead of Memorial Day

For barbecue staples like ground beef, hot dogs, buns, relish, ketchup, and mustard, consumers will pay, on average, somewhat more this year than in 2023, according to Datasembly.

May 25, 2024 12:18 PM EDT


Core Capital Goods Orders Rise By 0.1%, Suggesting Improvement in Business Spending

Core Capital Goods Orders Rise By 0.1%, Suggesting Improvement in Business Spending

Important capital goods made in the United States saw a higher-than-anticipated increase in new orders and shipments in April, indicating a modest uptick in corporate equipment expenditures in the first part of the second quarter.

May 25, 2024 12:18 PM EDT


S&P 500 Companies Sound Alarm on Coronavirus Impact on Earnings, Profits

S&P 500 Companies Sound Alarm on Coronavirus Impact on Earnings, Profits

The coronavirus outbreak in China is predicted to have a significant impact on the revenues and profitability of nearly one in five S&P 500 corporations, indicating the disease's widespread effects on enterprises worldwide.

May 25, 2024 12:17 PM EDT


US Escalates Airbus Dispute, Hikes Tariffs on European Aircraft

US Escalates Airbus Dispute, Hikes Tariffs on European Aircraft

Amid a nearly 16-year transatlantic battle over aviation subsidies, the U.S. government said on Friday that it will raise duties on airplanes imports from the European Union to 15% from 10%. This move will put further pressure on Brussels.

May 25, 2024 12:22 PM EDT


Wall Street Embraces Ether: Exchanges Approved to List Spot ETFs

Wall Street Embraces Ether: Exchanges Approved to List Spot ETFs

Applications from Nasdaq, CBOE, and NYSE to list exchange-traded funds (ETFs) linked to the price of ether were authorized by the U.S. Securities and Exchange Commission (SEC) on Thursday.

May 25, 2024 12:16 PM EDT


Could Higher Rates Trigger Interstate Exodus?

Could Higher Rates Trigger Interstate Exodus?

According to Michael Mazerov, senior scholar at the Center on Budget and Policy Priorities, other research indicates that state taxes may not have a significant effect on migration trends.

May 24, 2024 11:56 AM EDT


Analyst Sees Tech, Wealth Transfer Lifting Stocks

Artificial Intelligence, Millennial Inheritance Could Spark Stock Market Surge

Some investors may worry about market volatility ahead, given a contentious presidential race, lingering inflation, sinking consumer sentiment, and uncertainty over Federal Reserve interest rate cuts.

May 25, 2024 12:22 PM EDT


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