GM looks to shift back into overdrive with investors.
Rescuers on Monday retrieved the body of an 8-year-old girl, five days after a Russian missile strike on Ukraine's eastern town of Novohrodivka, Ukrainian authorities said, bringing the total death toll to three. In Novohrodivka, a missile damaged a residential building, killing two, they said. The Ukrainian Interior Ministry said rescuers continued working at the site.
This Morning viewers were delighted to see Rylan and Emma Willis in the hot seat as presenters for the show.
The top bosses of JPMorgan, Bank of America, Citigroup, Wells Fargo and other major banks are expected to warn lawmakers this week that capital hikes and other new regulations will hurt the economy and should be indefinitely shelved. Worker pay and rights, climate change, mortgages, and financial stability are also likely to feature when the CEOs of the country's eight largest banks appear before the Senate Banking Committee on Wednesday, said executives and analysts.
The U.S. Supreme Court on Monday is set to hear a challenge by President Joe Biden's administration to the legality of OxyContin maker Purdue Pharma's bankruptcy settlement, a deal that if approved would shield its wealthy Sackler family owners from lawsuits over their role in the country's opioid epidemic. Purdue's owners under the settlement would receive immunity in exchange for paying up to $6 billion to settle thousands of lawsuits filed by states, hospitals, people who had become addicted and others who have sued the Stamford, Connecticut-based company over its misleading marketing of the powerful pain medication OxyContin. The justices in August paused bankruptcy proceedings concerning Purdue and its affiliates when they agreed to take up the administration's appeal of a ruling by the Manhattan-based 2nd U.S. Circuit of Appeals upholding the settlement.
Old Dominion and Western Kentucky were named to play in the Famous Toastery Bowl, which will be played Dec. 18 at the Charlotte 49ers’ Jerry Richardson Stadium.
Carnival (NYSE: CCL) (NYSE: CUK) shares have climbed 95% this year, but they're still trading way below their pre-pandemic levels. Things weren't easy for Carnival at the start of the health crisis since it was forced to halt sailings -- and debt ballooned so the company could stay afloat. Carnival's latest earnings reports offer us reason to be optimistic.
A look at the day ahead in U.S. and global markets from Mike Dolan After closing at their highest level of the year on Friday, U.S. stocks mostly hogged those gains into the new week - with 'peak rates' optimism, Friday's U.S. jobs report and falling oil prices jockeying with edgy geopolitics for attention. The S&P500 recorded its highest close since March 2022 on Friday - the month the Federal Reserve started its brutal five-percentage-point-plus interest rate squeeze. The milestone was hit as Fed boss Jerome Powell, for many investors at least, gave his clearest signal yet that the rate campaign is over and the central bank was now weighing the effects and when it may be able to ease back.
The former first lady died Nov. 19 at age 96.
Today, shares are still burning off its staggering valuation that peaked at a price-to-sales ratio (P/S) of more than 183. Snowflake's share price has fallen over 50% from its all-time high, and the company's strong growth has further poured water on the valuation. The global economy is steadily going through a technological revolution happening in the cloud -- massive data centers filled with remote servers.
Former Rep. Larry LaRocco examines the decision by Idaho’s House members to sign onto legal document that sought to overturn the election. | Opinion
U.S. Federal Reserve officials appear on track to end the year with interest rate hikes as a thing of the past but with a coming challenge over when and how to signal a turn to rate cuts that investors, politicians and the public may demand before the central bank is ready. A closely watched gauge of underlying inflation remains at 3.5% year-over-year, significantly above the Fed's 2% target, policymakers still worry about its resurgence in a low-unemployment economy, and officials' rhetoric points more to an extended rates plateau or even another hike. But the hawkish tilt in their words is also a way to keep options open at a time of uncertainty even as the outlook has made Fed officials increasingly confident that the federal funds rate range of 5.25% to 5.5% in place since July is enough to take some steam out of the economy and lower inflation the rest of the way.
In fact, around 1 in 5 adults age 50 and older have no other source of retirement income outside of Social Security, according to a 2023 report from the Nationwide Retirement Institute. Most years, retirees will receive a cost-of-living adjustment (COLA) to help Social Security maintain its buying power. In 2023, beneficiaries earned a whopping 8.7% COLA -- the highest in roughly four decades.
“Nothing could have stopped this,” wrote the poet Molly Brodak in the suicide note she left in March 2020 for her novelist husband, Blake Butler. “The way I hate myself is simply so complete that nothing could change it, even as I hoped your love could.”
The S&P 500's feverish late-year rally has brought the index to its highest level of 2023, leaving it just 4.2% away from the all-time peak reached in January 2022. A close above 4,796.56 on the S&P 500 would confirm that the index has been in a bull market since bottoming out on Oct. 12, 2022, by one commonly used definition. A look at bull markets of the past suggests that investors should expect stocks to take a breather before marching higher.
Britain's armed forces face an equipment funding shortfall of 17 billion pounds ($21.6 billion) over the next 10 years, a public spending watchdog said on Monday, a concern for defence chiefs at a time of heightened geopolitical risks. The National Audit Office (NAO) put the estimate for the budget for new weapons and equipment at 305.5 billion pounds for 2023-2033, 16.9 billion pounds over budget, the largest deficit since its first report in 2012. Soaring costs in nuclear and naval programmes, as Britain works on a replacement nuclear deterrent, as well as high inflation have pushed up the future budget, the NAO said.
During a market rally, buying great companies at reasonable valuations is vital. Here are two great choices.
Wall Street kicked off December on an upbeat note, extending gains from the previous month that were driven by robust earnings and expectations that the Fed was done with its rate hiking campaign. The benchmark S&P 500 registered its highest close of the year on Friday as remarks from Fed Chair Jerome Powell bolstered the peak rates view. However, some analysts have cautioned that markets have been too quick to price in lower interest rates.
My playlists are about to change forever.
U.S. stock index futures slipped on Monday, as investors turned wary ahead of a slew of economic data this week that is likely to test the narrative about a cut in interest rates by the Federal Reserve early next year. Wall Street kicked off December on an upbeat note, extending gains from the previous month that were driven by robust earnings and expectations that the Fed was done with its rate hiking campaign.