Finance

Google, McDonald’s and Exxon headline busy earnings week

Text size “It’s a mistake to assume we’re really off the hook,” says one strategist. Johannes Eisele/AFP/Getty Images Perhaps the best noise canceling headphones are the ones the market is wearing this year. It is better to hope that the Federal Reserve does not rip them off, because stocks may not like what they are … Read more

By Jonathan Stempel (Reuters) – A federal appeals court said on Friday it would reconsider its recent ruling that Tesla chief executive Elon Musk violated federal labor laws by tweeting that employees would lose stock options if they joined a union. The 5th U.S. Circuit Court of Appeals in New Orleans has granted Tesla’s request … Read more

(Bloomberg) – A bond market that wants to rally is eagerly waiting for the Federal Reserve to give it the green light next week as a robust economy continues to reverse bullish positions. Bloomberg’s Most Read Treasuries have surged in recent weeks, sending yields on policy-sensitive two-year bonds down nearly 30 basis points from this … Read more

Elon Musk recently announced that his latest startup, xAI, will focus on artificial intelligence. According to the company’s website, xAI’s goal is to “understand the true nature of the universe.” The xAI team will be led by Musk and others who have worked with OpenAI, DeepMind, Google Research, Microsoft Research and Tesla before. Musk’s new … Read more

view of Manhattan from a skyrise window. American wealth is increasingly concentrated at the top of the economic ladder. According to a 2022 Congressional Budget Office report, the top 1% of families own more than a third of total wealth in the United States — up from 27% in 1989. The bottom half of all … Read more

Throughout the pandemic housing boom, buyers jumped at the chance to secure mortgages at ultra-low rates of 2% to 3%, creating a whirlwind of transactions in the housing market. But now growing frustration is seeping into the industry as those once incredibly low rates have given way to a harsh reality of higher rates and … Read more

Stocks to buy before earnings.Caspar Benson/Getty Images The stock market is up nearly 20% so far this year, officially ending last year’s bear market. Few on Wall Street were expecting the rise except for Fundstrat’s Tom Lee, Carson Group’s Ryan Detrick and market veteran Ed Yardeni. Here’s what the three strategists expect from the stock … Read more

The Dow’s 10-day rally continues to make history — it hasn’t since 2017. And investors can thank a select group of stocks for most of the gains. X Eleven Dow Jones Industrial Average stocks, including Goldman Sachs (GS), UnitedHealth Group (UNH) and Salesforce.com (CRM), have risen 5% or more over the past 10 trading days, … Read more

A line of people in different work uniforms stand in a line in a factory. Annual wage increases can help workers cope with rising costs of goods and services in an economy. But when prices are rising faster than wages, a pay rise may end up looking more like a pay cut. This was the … Read more