A strong jobs report has investors questioning how soon the Federal Reserve will be able to ease its rate hiking campaign. Shares of United Parcel Service (NYSE: UPS) got caught in the downdraft, down as much as 3.7% on Monday. Through much of 2022, the market has moved based on sentiment about the Fed, and specifically about whether the central bank's rate-hiking campaign will throw the economy into a recession.
A UK couple discovered a 17th-century coin trove worth $75,000 under the kitchen floor while renovating their farmhouse.
Comprehensive Analysis of Northfield Bancorp's First Quarter Financial Performance
Robust Growth in Revenue and Adjusted Earnings Amid Strategic Acquisitions
Mr Fox was successfully sued by drag artist Crystal and former Stonewall trustee Simon Blake over a row on Twitter, now known as X.
No one wants to heat a full-size oven on sweltering days, so snag this 26-quart workhorse at its best price yet this year.
Power company PG&E Corp beat Wall Street estimates for first-quarter profit and raised its full-year earnings forecast on Thursday, helped by higher electricity rates and lower operating and wildfire-related costs. Last year, the California Public Utilities Commission (CPUC) voted to approve PG&E's infrastructure plan that would lead customer bills to rise by nearly 13%. In January, the CPUC also approved a $45 million settlement for the utility's part in the destructive 2021 Dixie wildfire, which in 2021 resulted in more than 963,000 acres (390,000 hectares) being burned across multiple counties.
BHP might have to sweeten its offer for Anglo American if it wants to succeed in its takeover of the diversified international miner with stakes in three big South American copper mines. BHP, which is the world’s largest miner and a major producer of iron ore, made an offer for London-based Anglo American that values the company at 25.08 pounds per share, or 2,508 pence, including the value of stakes in Anglo American Platinum and Kumba Iron Ore that would be spun off to Anglo American shareholders before any deal. Anglo American said it is reviewing the proposal.
What a round!
Ford (F) reported its first-quarter earnings after the bell on Wednesday afternoon, beating estimates with $42.8 billion in revenue against an expected $40.04 billion. The automaker also reported commercial revenue jump 36% but saw EV sales decline. Yahoo Finance Reporter Pras Subramanian joins The Morning Brief to break down the numbers from Ford and what it means for investors moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
It’s time to buy Treasury bonds again. Driving the yield higher has been stubbornly high inflation that has made it increasingly clear that the Federal Reserve won’t soon start reversing the 11 interest-rate increases it has rolled out since March 2022 as it seeks to rein in price growth. Higher yields are wreaking havoc on the stock market because they threaten to slow spending and borrowing by both consumers and businesses.
A US Marshal was assaulted at a Cleveland house on Thursday morning serving an arrest warrant.
The City of Timmins is backing another bid for a new transmission line. Timmins Mayor Michelle Boileau has sent a letter of support to the Transmission Infrastructure Partnerships 9 (TIP-9 coalition) for its bid on the Wawa to Porcupine transmission line. It’s the second proposal for the transmission line that the city has supported. The TIP-9 coalition includes the Taykwa Tagamou Nation, Michipicoten First Nation, Chapleau Cree First Nation and Missanabie Cree First Nation. It has partnered wit
Lufthansa admitted that their Tuesday flight to LAX had a bit of a ‘rough landing’ when it touched down
David Schultz's widow: 'We don't have to wonder where he is anymore'
The Federal Communications Commission said on Thursday it is ordering the U.S. units of China Telecom, China Unicom and China Mobile to discontinue fixed or mobile broadband internet operations in the United States. The FCC said it was requiring the Chinese carriers to discontinue services within 60 days of the effective date of the net neutrality order approved on Thursday. The order also applies to Chinese telecom Pacific Networks and its wholly owned subsidiary ComNet.
The summer travel season is around the corner. But with high inflation and interest rates, there are questions about the health of the US consumer heading into the summer. A new Bankrate survey found that more than one-third of Americans are willing to take on debt for travel. Bankrate Senior Industry Analyst Ted Rossman joins Wealth! to give insight into the health of the consumer during the summer travel season. When asked who specifically was willing to take on debt, Rossman responds, "Millennials, actually, they love their experiences. They are more likely to be splurging on travel. Where it really stood out was a different recent study we did, we asked not only about travel but also dining and concerts and sporting events and other live entertainment, that's where people under the age of 40 really stood out." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
While the dollar was hardly shaken against the beleaguered yen, it otherwise saw only a brief gain after the Commerce Department reported that U.S. gross domestic product grew at a 1.6% annualized rate in the January-March period, slower than the 2.4% rate expected by economists polled by Reuters. The inflation surprise puts an even greater-than-usual focus on the release on Friday of PCE price index data for March. The yen, meanwhile, hit a fresh 34-year low versus the dollar and a 16-year low against the euro on Thursday as investors expect a Bank of Japan (BOJ) policy meeting that ends on Friday to not be hawkish enough to support the Japanese currency.
“The town is taking a leadership position on this critical issue,” Mooresville mayor says.
England legend Maggie Alphonsi tipped Red Roses star Ellie Kildunne to crowned Women’s Six Nations Player of the Championship ahead of this weekend’s Grand Slam decider against France.
Valley National Bancorp reported a slump in its first-quarter profit on Thursday, dragged down by a fivefold increase in rainy-day funds on account of its exposure to commercial real estate. High interest rates and borrowing costs have heightened worries of debt defaults in the commercial real estate (CRE) market, which is already in doldrums due to empty office buildings in the post-pandemic era. Valley National's provisions for credit losses surged to $45.3 million in the first quarter, compared with $9.5 million a year earlier.
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