Younger generations gained more wealth than others since 2019, study says

Younger generations grew their wealth much faster than older Americans after the pandemic began, thanks largely to stocks, according to a new study. The total wealth of Americans under 40 surged by... Read more »

Stocks making the biggest moves after hours: DASH, ROKU, AMAT

Check out the companies making headlines in after-hours trading. DoorDash – Shares dropped nearly 8% after the food delivery reported mixed fourth-quarter results. Although revenue rose 27% to $2.3 billion, outpacing LSEG... Read more »

BRICS to see highest surge in millionaire population over the next decade

(L to R) Brazil’s President Michel Temer, Russia’s President Vladimir Putin, China’s President Xi Jinping, South Africa’s President Jacob Zuma and India’s Prime Minister Narendra Modi pose for a group photo during... Read more »

Flights attendants push airlines for higher wages

CHICAGO, ILLINOIS – JANUARY 24: American Airlines workers picket at O’Hare International Airport on January 24, 2023 in Chicago, Illinois. The workers, mostly flight attendants with the Association of Professional Flight Attendants... Read more »

Powell insists the Fed will move carefully on rate cuts, with probably fewer than the market expects

Federal Reserve Chair Jerome Powell holds a press conference following the release of the Fed’s interest rate policy decision at the Federal Reserve in Washington, U.S., January 31, 2024.  Evelyn Hockstein |... Read more »

How interest rates have changed over the last 12 months

Inflation is cooling. Consumer spending continues to be at record highs, while consumer confidence has been trending up. And, after almost two years of rate hikes by the U.S. Federal Reserve, investors... Read more »

World will have its first trillionaire within a decade, report finds

In just three years, the world has witnessed a “supercharged surge in extreme wealth,” new data shows.   In the U.S. alone, billionaires are 46% richer than they were in 2020, while... Read more »

Watchdog critical of former Fed officials in stock trading controversy

The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023. Valerie Plesch | Bloomberg | Getty Images A watchdog review into market trading... Read more »

Here’s where prices fell in December 2023, in one chart

Extreme-photographer | E+ | Getty Images As inflation continues to throttle back across the broad U.S. economy, some consumer categories have sunk into outright deflation. In other words: Americans are seeing prices... Read more »

Bond yields surging to highest level in decades: Jim Bianco

It’s a level not seen since George W. Bush was president. Wall Street forecaster Jim Bianco is predicting the benchmark 10-year Treasury note yield will hit 5.5% this year — its highest... Read more »

Big Short’s Steve Eisman worries investors are too bullish in 2024

Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding the “Magnificent... Read more »

Companies losing pricing power after years of unbridled spending

A FedEx worker delivers packages in New York, May 9, 2022. Andrew Kelly | Reuters After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are... Read more »

Stocks making the biggest moves premarket: Lyft, Fisker, UnitedHealth and more

These are the stocks posting the largest moves in premarket trading. Source link Read more »

Stocks making the biggest moves premarket: Intel, Synopsys and more

Check out the companies making headlines before the bell. Intel — The semiconductor stock climbed 2.2% on news that Israel’s government agreed to grant Intel $3.2 billion for a new $25 billion... Read more »

Shippers divert $35 billion in cargo from Red Sea

So far, shippers have diverted about more than $30 billion worth of cargo away from the Red Sea as they face the threat of attacks from Houthi militants in Yemen. Carriers are... Read more »

Fed sparks irrational market optimism on possible rate cuts: Sheila Bair

Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the FDIC during the 2008 financial crisis, suggested... Read more »

Mortgage refinance demand jumps after rates drop

An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, California.  Mario Tama | Getty Images Homeowners looking... Read more »

EU agrees to landmark rules governing AI after ChatGPT takes off

A photo taken on November 23, 2023 shows the logo of the ChatGPT application developed by US artificial intelligence research organization OpenAI on a smartphone screen (left) and the letters AI on... Read more »

SPOT, SPCE, LULU and more

Check out the companies making headlines in midday trading. Lululemon — Shares declined 1.3% after Wells Fargo downgraded the athleisure company to equal weight from overweight. The firm said Lululemon’s prior positive... Read more »