Elon Musk said Tuesday that he would reverse Twitter’s permanent ban of former President Trump if his $44 billion bid to buy the company is successful. Why it matters: Musk told the Financial Times that the ban “was morally wrong and flat out stupid,” though Trump has publicly said he would not return to the […]
A so-called hard landing of the US economy is not going to happen. It’s a false fear. We may have a bumpy landing, but the odds of hard landing — a possible recession — are low for the reasons below. If I am right, it confirms what extremely negative sentiment is already telling us: Stocks […]
That has left many single parents skipping meals so their children have plenty of food, providing less healthy meals for their families, and culling expenses to the point where any unforeseen cost could mean more debt — or worse. “It’s a really tricky game to figure out what can I do, what can I not […]
UAE Energy Minister Suhail Al Mazrouei says moves by US authorities to introduced NOPEC legislation would bring chaos to energy markets. AFP | Getty Images Top OPEC ministers have hit back at new US legislation intended to regulate its output, saying such efforts would bring greater chaos to energy markets. UAE Energy Minister Suhail Al […]
US President Joe Biden arrives to deliver remarks on expanding high-speed internet access, during a Rose Garden event at the White House in Washington, US, May 9, 2022. REUTERS/Kevin Lamarque/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 10 (Reuters) – US President Joe Biden, under pressure to tame high inflation, […]
Kaltbaum Capital Management Gary Kaltbaum discusses the markets, Federal Reserve and inflation. Millions of Americans could be in store for higher tax as a result of the hottest inflation in 40 years. That’s because of a phenomenon known as “bracket creep,” which happens when taxpayers are pushed into higher-income brackets even though their purchasing power […]
NEW YORK, May 10 (Reuters) – The dollar was choppy on Tuesday, fluctuating between modest gains and declines as it held near a two-decade high ahead of a key reading on inflation that could provide insight on the path of Federal Reserve monetary policy . Investors were in a risk-on mood, as the yield on […]
Editor’s Note: Jeff Tucker is a senior economist on the economic research team at Zillow. The opinions expressed in this commentary are his own. After 14 straight months of year-over-year home price growth reaching into the double digits, we’re finally starting to see the early signs of a cooling housing market. Don’t worry. A crash […]
Far from Russia’s war in Ukraine, stores are running out of cooking oil, people are paying more at the gas pump, farmers are scrambling to buy fertilizer and nations are rethinking alliances. Russia’s invasion of Ukraine has triggered seismic repercussions: a fast-moving refugee crisis, unprecedented sanctions against a major economy and a shakeup of global […]
Another turnaround Tuesday may be in the cards after a litany of concerns including stagflation dragged the S&P 500 SPX, +1.00% below 4,000 for the first time since 2021. As investors try to regroup from the worst three-day stock stretch in two years, one more hard day of selling for the S&P might be a […]