An earlier version of this report misstated Angi’s adjusted earnings before interest, taxes, depreciation, and amortization for the latest quarter. It has been corrected. The home-improvement frenzy is slowing down, Read more
Tag: Markets
Why are gas prices falling? National average below $4 a gallon for first time since March: GasBuddy
Filling up at the gasoline pump may still be a painful pocketbook experience, but the hurt appears to be fading day by day, with the U.S. national average price sliding Read more
Biden signs into law $280 billion package for chips, scientific research — here’s what’s in it
After long pushing Congress for such legislation, President Joe Biden on Tuesday signed into law a bipartisan $280 billion bill focused on domestic semiconductor manufacturing and scientific research. The House Read more
Betting markets favor DeSantis over Trump for 2024 Republican presidential nomination, as FBI raids Mar-a-Lago
Florida Gov. Ron DeSantis has the edge again over Donald Trump to score the 2024 Republican presidential nomination, according to the latest odds in the betting market PredictIt. The former Read more
These 18 tech stocks are this earnings season’s standouts based on three criteria
Earnings season is almost over. The sector with the best news has been energy, as fossil-fuel companies benefit from sky-high oil and gas prices. But what about technology, which had Read more
Lyft forms new media division to expand its advertising services
Lyft Inc. LYFT, -0.12% has formed Lyft Media, a new business unit consolidating and expanding the advertising offerings at the ride-hailing company. The news comes more than two years after Lyft Read more
This is the one part of the labor market where workers have less bargaining power
Friday’s jobs report showed surprising strength in the labor market, but there are signs that all may not be well for all workers. Quitting in low-wage sectors such as retail, Read more
Oracle lays off hundreds of employees
Oracle Corp. ORCL, -0.06% laid off hundreds of employees this week as the business software provider prioritizes its healthcare IT services and cloud businesses, according to people familiar with the company’s Read more
Opinion: Workers are falling behind inflation with every paycheck, but that won’t reassure a Fed determined to quash inflation
The Federal Reserve doesn’t love the employment report released Friday, which showed that 528,000 more jobs were created in July while the unemployment rate fell to 3.5%, matching the lowest Read more
Meta’s first-ever corporate bond deal sees $30 billion in demand despite Zuckerberg’s gloomy warning
Corporate bond investors appeared pretty bullish on the metaverse on Thursday, or at least about digital advertising. Meta Platforms Inc., META, +1.05% the parent of Facebook, on Thursday saw roughly Read more