Elon Musk has been trying this week to defend Tesla’s abysmal stock performance in 2022. The electric vehicle giant has seen its stock plummet by 61% this year, making it Read more
Tag: Business/Consumer Services
Consumer confidence hits 8-month high as worries about inflation and recession fade
The numbers: A survey of consumer confidence jumped to a eight-month high of 108.3 in December, reflecting fewer worries about inflation and more optimism about jobs and the economy. The Read more
House Jan. 6 select committee expected to advise Justice Department to hit Trump with criminal charges
WASHINGTON (AP) — The House Jan. 6 committee is wrapping up its investigation of the violent 2021 U.S. Capitol insurrection, with lawmakers expected to cap one of the most exhaustive Read more
These are the top 10 mistakes people make when planning for retirement
We all make mistakes in planning for our golden years. But which are the worst, which are the most common, and which ones do we all need to watch out Read more
Delta Air Lines stock jumps on raised guidance, as carrier cites ‘robust’ demand for air travel
Delta Air Lines’ stock rose 4.7% before market open on Wednesday after the company raised its earnings guidance. The carrier DAL, -4.00% said it is executing on its three-year recovery Read more
Vanguard sees a recession in 2023 — and one ‘silver lining’ for investors
The last 12 months was a year of fast-rising inflation, fast-rising interest rates and fast-rising questions about a future recession. Prices went up while stock markets and savings account balances Read more
Best stock picks for 2023: Here are Wall Street analysts’ favored choices
Following a sharp and sustained rise in interest rates, U.S. stocks have taken a broad beating this year. But 2023 may bring very different circumstances. Below are lists of analysts’ Read more
U.S. inflation slows again, CPI shows, as Fed prepares to raise interest rates
The numbers: The cost of living rose a scant 0.1% in November, the latest in a string of mild readings that suggest the worst U.S. inflation in 40 years is Read more
Sinema ditches Democrats, but analysts say it’s no Senate earthquake, just a re-election gambit
Sen. Kyrsten Sinema announced Friday that she’s leaving the Democratic Party to register as an independent. So what does that mean? The initial reaction from analysts is that the Arizona Read more
FTC sues to block Microsoft’s $69 billion acquisition of game giant Activision Blizzard
The Federal Trade Commission on Thursday sued Microsoft Corp. to block its $69 billion deal to buy Activision Blizzard Inc. The acquisition, which would be Microsoft’s MSFT, +0.83% largest and Read more