US Stocks Navigate Uncertainty as $5 Trillion Options Hang in the Balance
Market participants indicated that dealers squaring their books ahead of what is expected to be the largest-ever options expiry for S&P 500-linked derivatives may be assisting in minimizing volatility in U.S. equities.
Dec 13, 2023 8:59 AM EST
US Soaring Prices in Restaurants and Car Repairs Contribute to November Surge
Inflation in the United States remained virtually constant last month, owing to falling gas costs. However, underlying pricing pressures from apartment rents, restaurant meals, vehicle insurance, and a variety of other services remained persistently high.
Deck the Halls without Breaking the Bank: 5 Tricks to Master Holiday Spending
It is easy to overspend and get bogged down in Christmas shopping, but worry not! Here are eight valuable recommendations to ensure you stick to your budget for the new year.
Will Inflation Hold Steady? Treasury Yields Drop as Investors Anticipate Key Data Release
Ahead of the Federal Reserve's final meeting of the year, investors were waiting for important inflation statistics, which caused U.S. Treasury rates to drop on Tuesday.
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Zara Facing Backlash for Ad Resembling Gaza Destruction
After some pro-Palestine activists called for a boycott of the fashion company, Zara removed an advertisement campaign on Monday off the first page of its website and app. The campaign featured sculptures shrouded in white and mannequins with missing limbs.
Dec 12, 2023 8:39 AM EST
Fed Leaves Rates Unchanged, Casting Doubt on Speculation of Early Cuts
With inflation approaching the Federal Reserve's 2% objective, officials are addressing - and in some cases, stoking - expectations that they would make a significant policy move and drop interest rates next year, maybe as early as April.
Dec 12, 2023 2:29 AM EST
Government's Onion Price Fix Raises Questions as Consumers Feel the Pinch
After India extended its export restriction on Friday, onion prices surged beyond Tk 200 per kg in the local market. The commerce ministry is striving to stabilize these prices.
Dec 11, 2023 9:50 AM EST
PGA Tour and Fenway Group Join Forces: More Collaborative Talks on the Horizon
In an effort to fulfill a deadline of December 31, the PGA Tour has limited the pool of possible investors to a new group headed by Fenway Sports Group and announced that it will carry on with talks with Saudi Arabia's national wealth fund.
Dec 11, 2023 9:17 AM EST
Macy's Faces Potential Buyout as Investors See Opportunity
According to a source familiar with the situation on Sunday, an investment consortium led by Brigade Capital and Arkhouse Management has made a $5.8 billion bid to take department store operator Macy's private.
Dec 10, 2023 10:59 PM EST
How Businesses and Households Can Prepare for a Soft Landing or a Recession
Together with a plethora of other recent economic statistics, the strong hiring indicated in Friday's employment report for November is raising expectations that the U.S. economy will have a "soft landing" next year as opposed to the much-feared recession.
Dec 10, 2023 4:50 AM EST
Amazon Uncovers Massive Fraud Scheme Involving Fake Product Returns
Amazon is taking legal action against an alleged international fraud ring accused of pilfering millions through a scheme that facilitated refunds for pricey items without the need to return them.
Dec 09, 2023 7:33 AM EST
Investors Flee US Stocks as Economic Data Hints at a Possible Downturn
In the tumultuous landscape of U.S. financial markets, the seven days leading up to December 6 unfolded as a continuation of withdrawals from U.S. stock funds for a second consecutive week.
Dec 08, 2023 11:10 AM EST
Inventory Mystery Deepens: Retail Industry Pulls Back on Organized Crime Blame
The largest retail trade association in the country, the National Retail Federation, has updated a study from April that retracted the assertion that organized retail crime is responsible for over half of the industry's overall shrinkage. The survey evaluates total inventory loss, including theft.
Dec 08, 2023 9:25 AM EST
Job Market Sees November Surge, But Underlying Trend Points to a Looming Slump
November saw a significant pick-up in U.S. job growth as thousands of actors and autoworkers returned to the workforce following strikes; nevertheless, the underlying trend is likely to indicate a cooling labor market.
Dec 08, 2023 7:26 AM EST
High-Priced Prescription Drugs Face Patent Revocation Threat from White House
The Biden administration is putting pharmaceutical corporations on notice, telling them that if the price of some pharmaceuticals becomes too high, the government may revoke their patent protection, allowing competitors to produce their own copies.
Dec 07, 2023 9:43 PM EST
Investors Go Gaga for Fine Wine as Global Market Booms
As the French wine region of Beaujolais celebrates the start of a new season, a sign in Villefranche-sur-Saône states, "There are few things in life that can't be enhanced by a fine wine."
Dec 07, 2023 9:10 PM EST
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