: Congress faces Friday deadline for averting government shutdown, as senators grapple with Manchin’s permitting plan
The federal government will shut down partially on Friday if Congress fails to reach a deal on a stopgap funding bill.
The federal government will shut down partially on Friday if Congress fails to reach a deal on a stopgap funding bill.
May the odds be ever in her favor! Jennifer Lawrence recently listed her swanky three-bedroom loft in New York City’s star-studded Tribeca neighborhood for a cool $10.5 million.
U.S. stocks closed lower Monday amid elevated market volatility, extending last week's losses as the S&P 500 sank to a new 2022 low. The S&P 500 dropped 1% to end around 3,655.52, while the Dow Jones Industrial Average fell 1.1% and the Nasdaq Composite slid 0.6%, according to preliminary FactSet data. The S&P 500 ended below its previous closing low this year of 3666.77 on June 16. Wall Street's fear gauge has climbed amid fears over the Federal Reserve aggressively raising interest rates to fight inflation... Читать дальше...
Dow falls over 300 points to finish in bear market; S&P 500 ends at new 2022 low
The Congressional Budget Office, a nonpartisan watchdog agency, estimated on Monday that President Joe Biden's plan to forgive $10,000 to $20,000 in student loans per eligible borrower would cost $400 billion. Other watchdogs have said Biden's plan could cost $500 billion to $1 trillion.
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Staffers for Democratic Rep. Andy Levin of Michigan have become the first office to unionize in the history of the U.S. Congress, said the Congressional Workers Union in a tweet on Monday. Levin, a former union organizer, earlier this year backed a resolution to grant congressional staff the right to organize and bargain collectively.
Читать дальше...Roughly $950,000 worth of crypto was stolen in an attack using a vanity address generator called Profanity, according to a blockchain security firm.
Shares of exercise-equipment maker Nautilus Inc. were halted in late Monday, pending news. A resumption time was not immediately available. Shares of Nautilus were down nearly 3.5% before the halt. So far this year, Nautilus stock has lost 73%, compared with losses of about 23% for the S&P 500 index.
Читать дальше...The television star and Tony Award winner is keeping busy with a new off-Broadway play.
‘They were purchased with my money, and I’m the sole owner on paper – but my fiancé was involved in the entire process.’
Retailers or sellers found guilty of charging an 'unconscionable price' for food, water, ice, lodging and lumber could pay up to $25,000 in fines.
Morgan Stanley’s Wilson said every 1% change in the Dollar Index has a negative 0.5% impact on S&P 500 earnings. He also saw an approximate 10% headwind to growth to companies earnings in the fourth quarter, in addition to other headwinds such as payback in demand and higher costs from inflation.
The longtime real estate agent snickered when I asked her to look back on her career and her clients. She said she had learned something that all realtors soon come to realize: “Owners are moaners, and buyers are liars.”
Shares of Redfin Corp. slid 4.2% toward a record low and a record-tying losing streak, as another jump in Treasury yields spooked investors who have been concerned over a housing recession. The real estate services company's stock has plunged TK% amid an eight-day losing streak, which matches the previous record losing streak of eight sessions first seen in October 2017, and then again in October and December 2018. The stock's selloff comes as the yield on the 10-year Treasury note , which is the benchmark for mortgage rates... Читать дальше...
The Dow Jones Industrial Average is on track to finish Monday's session in its first bear market in more than two years. Dow industrials were down by more than 200 points, or 0.8%, at 29,342 in the final hour of trading. A close at or below 29,439.72 would mark a pullback of at least 20% from the Dow's Jan. 4 record finish, meeting widely used criteria for entering a bear market. The last time the Dow was in a bear market was between March 11 and March 26 of 2020, at the onset of the COVID-19 pandemic in the U.S. Meanwhile... Читать дальше...
The likelihood of sharply higher interest rates has tilted the odds toward another recession within a year, economists say. Yet some still hold out hope the U.S. can muddle through with a period of slow growth instead of outright decline.
Oil futures fell Monday for a second session in a row, holding ground at their lowest prices since January. "Global macro risks and energy policy risk across Europe continues to support the U.S. dollar, making oil even more expensive in European markets already struggling with inflation and leading to further deterioration in oil demand outlooks," said Troy Vincent, senior market analyst at DTN. November WTI crude fell $2.03, or 2.6%, to settle at $76.71 barrel on the New York Mercantile Exchange... Читать дальше...
Shares of Planet Fitness Inc. bounced 2.2% in afternoon trading Monday, after the fitness center company was doubled upgraded at Raymond James, citing a "highly resilient" business model and "attractive" valuation. Analyst Joseph Altobello raised his rating by two notches to strong buy from market perform, while setting a price target for the stock (PLNT) of $70, which implied about 23% upside from current levels. "The stock is well off its highs from last fall and has been notably weak of late... Читать дальше...
With the Dow down another 1%, stocks are on the cusp of an important test
British American Tobacco said Monday it invested an undisclosed sum for a non-controlling minority stake in German cannabis company Sanity Group GmbH. The cigarette maker said the investment in Sanity Group complements its research and development deal with Canada's Organigram Holdings Inc. announced in 2021. "Investing in Sanity Group is another example of BAT's ongoing work to explore numerous areas beyond nicotine...for future portfolio growth across a range of categories and geographies," said Kingsley Wheaton... Читать дальше...
Gold futures declined Monday, with prices for the most-active contract ending at their lowest since early April 2020. "Last week's series of interest rate hikes by central banks had put gold under heavy near-term pressure and with no prospect of the banks changing course in the coming months, the medium-term outlook also looks gloomy for the precious metal," said Rupert Rowling, market analyst at Kinesis Money. December gold fell $22.20, or 1.3%, to settle at $1,633.40 an ounce on Comex, the lowest most-active contract finish since April 1... Читать дальше...
Faraday Future Intelligent Electric Inc. stock rose more than 12% Monday following news the EV maker has reached an agreement with its largest shareholder to end a months-long governance dispute. The shareholder, FF Top, will dismiss its lawsuit against the company and its board of directors, the EV maker said. Chairperson Sue Swenson and board member Brian Krolicki will resign, Faraday Future said. In the same statement, the beleaguered EV maker said it has secured up to $100 million in "committed... Читать дальше...
Are you tempted to buy AMC's new APEs? Be ready to lose everything, company says
The last time global bonds fared so poorly was in 1946, the year that the first session of the United Nations was held in London after the end of World War II.
Chevron Corp. said Monday it was halting production at two platforms in the Gulf of Mexico ahead of Hurricane Ian, and that production at other Chevron facilities in the Gulf remained "at normal levels." Chevron "will continue to closely monitor the storm and remains focused on the safety of our workforce, the integrity of our facilities and the protection of the environment," the company said in an emailed statement. Forecasters warned Monday that Hurricane Ian would "continue rapidly strengthening"... Читать дальше...
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