Jim Umpleby, CEO of Caterpillar Inc. Adam Jeffery | CNBC This year has already been a tough one, and 2023 isn’t looking much better, with economic growth expected by the Federal Reserve to come in at just 1.2%. Given this dour outlook, investors will have to carefully choose where to put their money to work.
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Mphillips007 | E+ | Getty Images The pumpkin spice latte is back — and the popular and meme-ified seasonal drink can teach us a lot about consumer behavior and economics. Starbucks debuted the pumpkin spice latte in 2003, and the “PSL” grew to be the company’s most popular seasonal drink, selling more than 600 million
US President Joe Biden speaks about the DISCLOSE Act at the Roosevelt Room of the White House in Washington, DC on September 20, 2022. Saul Loeb | AFP | Getty Images The Biden administration announced Friday it is awarding $1.5 billion in grants to help states, territories and tribal lands combat the opioid crisis. The
In this article PLTR Follow your favorite stocksCREATE FREE ACCOUNT Palantir co-founder and CEO Alex Karp believes this period of “deadly” macroeconomic uncertainties will crush many companies with shaky fundamentals. “Bad times are incredibly good for Palantir … bad times really uncover the durable companies, and tech is going through bad times … interest rates are the
At her bed-and-breakfast Nicole Butler hosts backyard potlucks with THC-infused food. Photo: Nicole Butler At Nicole Butler’s bed-and-breakfast, cannabis is in the candy that greets guests at check-in, the homemade shrimp and grits and other meals she serves, and the snacks she sets out for anyone who gets the munchies. “I’ve really just tried to
In this article BA COST ALLY CAMP FDX RTX Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: FedEx (FDX) – FedEx remains on watch this morning after announcing a 6.9% increase in shipping rates and plans to cut another $4 billion in annual costs. FedEx fell 3.2% in
2024 Ford Mustang Source: Ford Convertibles — once a sign of open-air freedom, road trips and summer adventures — are fading away as the auto industry shifts to all-electric cars and more rugged sport utility vehicles. Sales of traditional drop-tops such as the Chevrolet Camaro and Ford Mustang, as well as roadsters such as the
ETFs are seeing a record surge in popularity. The industry hit a milestone with more than 3,000 ETFs trading simultaneously for the first time ever this month — a 30% increase since December 2020, according to Morningstar. And this year investors are taking more active strategies, such as single-stock ETFs that offer traders exposure to
In this article WIX Follow your favorite stocksCREATE FREE ACCOUNT Marco Vdm | E+ | Getty Images Company: Wix.com (WIX) Business: Wix.com is an Israeli information technology company that develops and markets a cloud-based platform that enables users to create a website or web application. Their platform consists of three web creation products, each with
Phynart Studio | Istock | Getty Images President Joe Biden’s announcement last month that he’ll forgive up to $20,000 in student debt for borrowers will also impact the millions of parents who have taken out loans for their children’s education. The debt cancellation applies to so-called Parent PLUS loans, federal loans that parents can take
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Aaron Judge #99 of the New York Yankees hits a solo home run in the fifth inning against the Cleveland Guardians at Yankee Stadium on April 22, 2022 in the Bronx borough of New York City. Elsa | Getty Images Yankees slugger Aaron Judge is
Since bankrupt crypto lender Celsius froze withdrawals in June, customers’ funds have been in limbo. Now, leaked audio shared with CNBC reveals a preliminary plan to compensate them. The company wants to issue an “IOU” cryptocurrency to customers that signed up for some of its accounts. related investing news Jim Cramer sat down with the
Hinterhaus Productions | Digitalvision | Getty Images It’s that time of year, when workers get to make some decisions about their employee benefits. Many companies are beginning to hold their annual open enrollment period, which is when employees can sign up for 2023 health insurance — as well as consider other benefits, if your employer
In this article DWAC Follow your favorite stocksCREATE FREE ACCOUNT The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. Dado Ruvic | Reuters Shares of Digital World Acquisition Corp. fell this week as the company
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange on September 21, 2022 in New York City. Michael M. Santiago | Getty Images The extreme market volatility is not causing hedge funds to back down. Hedge funds’ total gross trading flow, including both
sturti The possibility of a looming recession is prompting fresh worries for both professional and everyday investors. More than half of Americans — 56% — think the country is already in a recession, according to a recent survey from MassMutual. Meanwhile, 49% of respondents said they think there will likely be a recession next year,
Noel Hendrickson/Getty Images Even with signs that the housing market is cooling, homebuyers are still feeling the sting of elevated prices and higher interest rates. The average rate on a 30-year fixed-rate mortgage is 6.7% as of Friday, up from 3.3% at the start of 2022, according to Mortgage News Daily. Alongside that, home prices
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In this article F Follow your favorite stocksCREATE FREE ACCOUNT A Ford F-150 pickup truck is offered for sale at a dealership on September 6, 2018 in Chicago, Illinois. Scott Olson | Getty Images DETROIT – Recent supply chain problems for Ford Motor have included a small, yet important, part for the company and its
In this article WFC ALLY AMD CAMP RTX LMT COST Follow your favorite stocksCREATE FREE ACCOUNT Visitors walk past a Boeing board during the Farnborough Airshow, in Farnborough, on July 18, 2022. Justin Tallis | AFP | Getty Images Check out the companies making headlines in midday trading. Boeing — The aerospace company was down