David Dee Delgado | Getty Images News | Getty Images The bond market is flashing a warning sign for the US economy. That harbinger is called an “inverted yield curve.” These inversions in the bond market have been reliable predictors of past recessions. Part of the yield curve inverted on Monday. An economic downturn isn’t […]
Elon Musk pauses and looks down as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. jim watson | AFP | Getty Images Elon Musk said he is giving “serious thought” to building a new social media platform in a Tweet on Saturday. […]
Huawei reported its first yearly revenue decline on record in 2021 as US sanctions continued to hurt the company. But the Chinese technology giant’s income surged last year as it focused on boosting profitability. “Despite a revenue decline in 2021, our ability to make a profit and generate cash flows is increasing, and we are […]
LONDON — European stocks moved higher on Monday as investors continue monitoring developments in the war between Ukraine and Russia. The pan-European Stoxx 600 added 0.5% in early trade, with insurance stocks climbing 1.3% to lead gains as almost all sectors and major Bourses entered positive territory. Global markets are watching events in Ukraine closely […]
Mikolette | E+ | Getty Images Prior to the pandemic’s red-hot housing market, there was a simple profile that constituted an “A” buyer, according to Brian Copeland, a realtor in Nashville, Tennessee. “Four years ago, an ‘A’ buyer was someone who was pre-qualified for a loan, had 3% down and could go out this weekend […]
Britain’s Chancellor of the Exchequer Rishi Sunak leaves the 11 Downing Street, in London, on March 23, 2022. Daniel Leal | AFP | Getty Images LONDON — The UK government will soon reveal plans to regulate the cryptocurrency market, focusing on a fast-growing type of token known as stablecoins, according to four industry sources familiar […]
new York CNN Business — The US oil industry doesn’t appear to be in any rush to come to the rescue of Americans struggling with high gas prices. Oil company CEOs say Wall Street is to blame. Fifty-nine percent of oil executives said investor pressure to maintain capital discipline is the primary reason publicly traded […]
new York CNN Business — You might not know Sean O’Brien. But he is poised to shake up the US economy in a way no one else has in recent memory. O’Brien was sworn in Tuesday as the new general president of the 1.3-million member International Brotherhood of Teamsters, succeeding James Hoffa, son of the […]
The Breakfast Baconator and Seasoned Potatoes are part of the breakfast menu at Wendy’s restaurants on March 2, 2020 in New York City. David Dee Delgado | Getty Images Two years ago, Wendy’s launched its breakfast menu nationwide, finally crossing the finish line for a goal it tried and failed at for nearly four decades. […]
After two years of living with Covid-19, travelers are making big vacation plans again. But not every type of trip may be available this year, travel professionals said. That’s because many people postponed more ambitious vacations during the pandemic — in some cases two years in a row — leaving little room for new bookings […]
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