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Markets

5 things to know before the stock market opens Wednesday, May 11

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures turn lower after consumer prices remain at four decade highs Traders on the floor of the NYSE, May 10, 2022. Source: NYSE US stock futures turned lower Wednesday after the first of two key April inflation […]

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Personal Finance

The best books to read to get smarter about your money

There are thousands of resources online to learn about personal finance, a staggering amount of financial information, from free courses offered by colleges and education platforms to TikTok influencers and expert newsletters. This can make it hard to identify the best sources on budgeting, saving and investing, but the earlier in life an individual begins […]

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Business

Wendy’s, Krispy Kreme, Perrigo and more

Check out the companies making headlines before the bell: Wendy’s (WEN) –Wendy’s reported adjusted profit of 17 cents per share, 1 cent below estimates, with revenue and same-store sales also missing analyst forecasts. The restaurant chain is seeing a negative impact from higher costs for supplies and labor, and its shares slid 3.4% in premarket […]

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Business

Adjustable-rate mortgage demand arises to 14-year high, as homebuyers try to afford this pricey spring market

A newly sold home is shown in Houston, Texas. Brandon Bell | Getty Images It could be more listings on the market, or perhaps just fear that interest rates will move even higher, but homebuyers are showing more demand for mortgages. They are, however, turning even more to adjustable-rate mortgages (ARMs), which offer lower rates. […]

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Business

How electric pickups stack up in price, range

SAN ANTONIO — Ford Motor’s new F-150 Lightning is an electric pickup truck. That may seem obvious given it looks like a truck and has electric motors and a battery pack instead of an engine, but it needs to be said. why? Because a successful battery-powered pickup is a critical step in the EV transition, […]

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Business

VW is looking to bring back the Scout brand as an electric vehicle

This image, from 2019, is of a refurbished Scout. The brand was originally built by International Harvester between 1961 and 1980. Future Publishing | Future Publishing | Getty Images Volkswagen is planning to resurrect the iconic “Scout” brand as an electric vehicle in the United States. In a report late Tuesday, the Wall Street Journal […]

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Business

investors look ahead to US inflation data for April

LONDON — European stocks advanced on Wednesday morning as investors looked ahead to the latest inflation reading. The pan-European Stoxx 600 added 1.2% by mid-morning. Autos jumped 2.9% to lead gains as all sectors traded in positive territory except health care, which fell 0.9%. The positive morning in Europe came after choppy trading sessions in […]

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Business

investors look ahead to US inflation data for April

LONDON — European stocks advanced on Wednesday morning as investors looked ahead to the latest inflation reading. The pan-European Stoxx 600 added 1.2% by mid-morning. Autos jumped 2.9% to lead gains as all sectors traded in positive territory except health care, which fell 0.9%. The positive morning in Europe came after choppy trading sessions in […]

Categories
Economy

How the Inflation Rate Is Measured: 477 Government Workers at Grocery Stores

READING, Pa.—Emily Mascitis has one of the most important jobs you never knew existed. As Americans’ monthly bills climb at the fastest rate in four decades, it is Ms. Mascitis’s work that confirms the $9 you just paid for a 4-pound bag of clementines isn’t an anomaly. Newsletter Sign-up The 10-Point. A personal, guided tour […]

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Personal Finance

Governors say financial education should extend beyond school years

Student Olivia Raymond participates in a personal finance course in her middle school class in West Orange, New Jersey, in February 2020. CNBC Pursuing financial literacy is something that should continue beyond traditional school years, according to several state governors. “We think it’s a lifelong experience,” New Jersey Gov. Phil Murphy told CNBC’s Sharon Epperson […]