SYDNEY — Australian consumer confidence rose last week, its third consecutive weekly rise, as gasoline prices at the pump fell, taking pressure off stressed household budgets. Consumer confidence gained 2.1% Read more
Tag: Markets
Pinterest stock jumps 20% after Elliott confirms stake; earnings miss but users stick around
Pinterest Inc. missed expectations for earnings and guided for revenue lower than analysts expected in the current quarter, but shares still spiked in after-hours trading as users stuck around, and Read more
Inflation Reduction Act would send $80 billion to the IRS. Tax experts say it may not be enough to help the backlogged agency.
For roughly a year, Jonathan Baer watched a paper folder full of tax-related paperwork slowly grow as he chronicled his efforts to get his 2020 tax refund. The attempts included Read more
AOC slams Alito for ‘politicized’ and ‘alarming’ Roe v. Wade remarks
““Remember: it was Alito’s opinion that leaked. That fact paired with his politicized remarks below should be alarming to anyone.” ” That was Rep. Alexandria Ocasio-Cortez (D-NY) responding to a viral Read more
U.S. inflation surges again and stays at 40-year high, key price gauge shows
The numbers: A key gauge of U.S. inflation rose a sharp 1% in June, led by higher fuel prices, in a sign that price pressures in the economy are still Read more
Roku stock plummets as earnings are widely panned: ‘The sum of all of our worries’
Shares of Roku Inc. were tumbling in premarket trading Friday after the streaming company acknowledged a “significant slowdown” in advertising spending that helped propel it to weaker-than-expected results and could Read more
House passes $280 billion package for chips, scientific research and Biden set to sign bill into law — here’s what’s in it
In a 243-187 vote on Thursday, the House approved a $280 billion bill focused on domestic semiconductor manufacturing and scientific research. The legislation is expected to get signed into law Read more
U.S. inflation surges again and stays at 40-year high, key price gauge shows
The numbers: A key gauge of U.S. inflation rose a sharp 1% in June, led by higher fuel prices, in a sign that price pressures in the economy are still Read more
Whatever you’re feeling now about stocks is normal bear-market grief — and the worst is yet to come
Stock investors have a lot more grieving to do before the bear market breathes its last. According to the five stages of bear market grief, which I addressed in mid-May, Read more
Instacart plans to go public before year’s end, despite a frozen IPO market
Instacart Inc. expects to go public before year’s end, according to people familiar with the matter, earlier than many on Wall Street had expected amid a frozen market for new Read more