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 […]
WASHINGTON — Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. Consumer prices jumped 8.3% last month from 12 months earlier, the Labor Department said Wednesday. That was below the 8.5% year-over-year surge in March, which […]
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 […]
Judge finds ‘there was nothing concrete’ about Saudi financing to take the electric carmaker private. A US court has ruled that Elon Musk’s 2018 tweets saying funding had been secured to take Tesla private were inaccurate and reckless, delivering a major victory to investors who alleged the billionaire artificially inflated stock prices. US District Judge […]
Computer scientists, rheumatologists and immunologists have pooled skill sets to develop an artificial neural network that can distinguish arthritis type on CT scans of the hand—rheumatoid vs. psoriatic—while also recognizing healthy joints with no arthritis at all. The team’s report is posted online in Frontiers in Medicine: Rheumatology. First author Lukas Folle, last author Arnd […]
Representative Rashida Tlaib (D-MI) joins activists in a demonstration outside an entrance to the White House calling for the cancellation of student debt in Washington, US, April 27, 2022. Evelyn Hockstein | Reuters Even with rampant inflation and rapidly accelerating interest rates, household borrowing climbed to start 2022 and hit a new record, the Federal […]
By Keely Arthur, WRAL consumer reporter A study released earlier this month by the North Carolina Budget and Tax Center found the family of two adults and two children in Wake County needs to bring in $81,850 per year to meet the living income standard. The report details how much residents in every North Carolina […]
photo: Andrey_Popov (Shutterstock) Are you constantly worried about dropping your phone or it getting stolen? Maybe you already pay out of pocket each month for cell phone insurance, which at least give you peace of mind. But you might be spending money on something your credit card will give you for free. Many credit cards […]
President Joe Biden said he could drop some of the tariffs imposed against Chinese imports to help control rising consumer prices in the US — just as Wall Street braces for another inflation report north of 8%. The White House is reviewing the penalties imposed under former President Donald Trump — which raised prices on […]
Christopher Waller, US President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, DC, US, on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller pledged Tuesday that the rate-setting group wouldn’t make the same mistakes on inflation […]