EverydayRead

Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary

Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, DC, US, on Friday, June 7, 2024.Ste...

Key Fed inflation gauge at 2.2% in August, lower than expected

Inflation moved closer to the Federal Reserve's target in August, easing the way for future interest rate cuts, the Commerce Department reported ...

Fed rate cuts should favor preferred stocks, Virtus money manager says

One financial firm is trying to capitalize on preferred stocks – which carry more risks than bonds, but aren't as risky as common stocks.Infrastr...

Apple stuck it to the naysayers with better-than-feared financials, emerging iPhone 16 demand

Apple late Thursday delivered a quarter that can only be described as much better than feared. It wasn't perfect, but it was pretty darn good. Re...

Business

Trump says he will give RFK Jr. a major health role if he wins the White House. Here’s what that means for patients, drugmakers

Republican presidential nominee, former U.S. President Donald Trump welcomes Robert F. Kennedy Jr. to the stage at a Turning Point Action campaig...

Salesforce surges on revenue beat, AI growth prospects – here’s our new price target for the stock

Shares of Salesforce surged in extended trading Tuesday after the enterprise software giant reported better-than-expected quarterly revenue and i...

Marc Benioff is in talks to sell media company Time to Antenna Group

Salesforce CEO Marc Benioff attends the TIME100 Gala at Jazz at Lincoln Center in New York on April 26, 2023.Dimitrios Kambouris | Getty ImagesGr...

Justice Department accuses Visa of debit network monopoly that affects price of ‘nearly everything’

Justin Sullivan | etty ImagesThe U.S. Justice Department on Tuesday sued Visa, the world's biggest payments network, saying it propped up an ille...

Fed holds rates steady and notes progress on inflation

WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to its t...

Friday’s jobs report is expected to show the slowest pace of hiring in years

Hiring signs outside a Stewart's gas station in Catskill, New York, US, on Wednesday, Oct. 2, 2024. Angus Mordant | Bloomberg | Getty Images...

The Federal Reserve may have pretty much just hit its 2% inflation target

Federal Reserve Chairman Jerome Powell arrives to a news conference following the September meeting of the Federal Open Market Committee at the W...

Earnings

Eli Lilly’s blowout quarter should quiet investor concerns about the stock

Eli Lilly on Thursday reported a home-run quarter fueled by sales of its blockbuster obesity and diabetes drugs, quieting any lingering investor ...

Dell shares fall on light forecast despite growing AI sales

Workday stock slips on light quarterly forecast

EasyJet rakes in record $4.5 billion from fare add-ons as CEO slams ‘unfair’ penalty over practice

Latest

South Korean stocks rebound from lows in chaotic trading as president says he’s lifting martial law

Police stand guard in front of the main gate of the National Assembly in Seoul on December 3, 2024, after South Korea's President Yoon Suk Yeol d...

Job openings jumped and hiring slumped in October, key labor report for the Fed shows

Available jobs rose in October while hiring fell during a month in which payrolls growth hit its lowest level in nearly four years, the Bureau of...

Salesforce surges on revenue beat, AI growth prospects – here’s our new price target for the stock

Shares of Salesforce surged in extended trading Tuesday after the enterprise software giant reported better-than-expected quarterly revenue and i...

CDC says McDonald’s E. coli outbreak is over

In this photo illustration, a McDonald's Quarter Pounder hamburger meal is seen at a McDonald's on October 23, 2024 in the Flatbush neighborhood ...

Jaguar reveals ‘Type 00’ concept car, first under controversial new brand identity

Image of Jaguar Type 00 concept vehicleJaguarFamed British carmaker Jaguar revealed its new vehicle design direction Monday night with the introd...

‘Small caps are going to become more in favor in 2025′: VettaFi’s research head doubles down on winning group

Small caps just had their first historic week in three years, and one exchange-traded fund expert predicts the group's record highs will help dri...

Fed’s preferred inflation gauge rises to 2.3% annually, meeting expectations

Inflation edged higher in October as the Federal Reserve is looking for clues on how much it should lower interest rates, the Commerce Department...

Dell shares fall on light forecast despite growing AI sales

Dell Technologies forecast fourth-quarter revenue and earnings below Wall Street expectations Tuesday, despite bullish commentary from the compan...

Trump voters could fuel holiday spending, while Harris supporters may pull back

A "Keep America Great" hat tops off a Christmas tree at a "Merry Christmas" rally hosted by President Donald Trump at the Kellogg Arena in Battle...

You’re ‘wired’ to overspend during the holidays, expert says — here’s what to do about it

Betsie Van Der Meer | Digitalvision | Getty ImagesThe holiday season is a time to give thanks, reflect on the past year, and spend time with fami...

India’s quarterly growth slumps to a near two-year low, well below expectations

Construction workers in Mumbai, India, on June 5, 2024. Bloomberg | Bloomberg | Getty ImagesIndia's economy expanded by just 5.4% in its sec...

Workday stock slips on light quarterly forecast

Workday CEO Carl Eschenbach walks to a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 14, 2023.Ke...

Economy

U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark

The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023.Nathan Howard | Bloomberg | Getty ImagesThe Biden administration rang up a budge...

Job openings jumped and hiring slumped in October, key labor report for the Fed shows

Available jobs rose in October while hiring fell during a month in which payrolls growth hit its lowest level in nearly four years, the Bureau of...

Fed’s preferred inflation gauge rises to 2.3% annually, meeting expectations

Inflation edged higher in October as the Federal Reserve is looking for clues on how much it should lower interest rates, the Commerce Department...

India’s quarterly growth slumps to a near two-year low, well below expectations

Construction workers in Mumbai, India, on June 5, 2024. Bloomberg | Bloomberg | Getty ImagesIndia's economy expanded by just 5.4% in its sec...

These economists say artificial intelligence can narrow U.S. deficits by improving health care

Can artificial intelligence be so transformative as to solve one of the U.S. economy's biggest problems: its skyrocketing fiscal deficit? Accordi...

Finance

‘I have no money’: Thousands of Americans see their s...

Admin—November 25, 2024 0

Oscar Wong | Moment | Getty ImagesFor 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growi...

Bitcoin vs. gold: State Street worries the crypto rally’s allure is distracting precious metal investors

November 24, 2024

Top 10 S&P 500 stock winners since Election Day

November 23, 2024

U.S. ‘industrial renaissance’ is fueling a rebound in fundraising, Apollo CEO Marc Rowan says

November 21, 2024

Earnings

We’re changing our price target on TJX despite the retailer...

Admin—November 25, 2024 0

TJX Companies delivered strong quarterly results before Wednesday's opening bell. While guidance was a bit below expectations, it was not overly ...

Palo Alto Networks beat and raise fails to wow Wall Street. But that plays into our hand

November 24, 2024

Intuit shares drop as quarterly forecast misses estimates due to delayed revenue

November 22, 2024

Nvidia’s earnings cleared our lofty bar. Here’s our new price target on the AI chip king

November 21, 2024

Economy

Trump might name Kevin Warsh as Treasury chief then Fed chair lat...

Admin—November 25, 2024 0

Kevin WarshJin Lee | Bloomberg | Getty ImagesPresident-elect Donald Trump is considering naming Kevin Warsh as Treasury secretary then ultimately...

Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary

November 24, 2024

Trump and Fed Chair Powell could be set on a collision course over interest rates

November 22, 2024

Here’s where the jobs are for October 2024 – in one chart

November 21, 2024