Market Snapshot: ‘Anxiety’ high as stock market falls, bond yields rise — what investors need to know after S&P 500’s worst month of 2023

U.S. stocks and bonds are both falling again, with the S&P 500 just wrapping up its worst quarterly performance in a year after another surge in Treasury yields. 

: Costco membership-fee hike is coming

Price hikes will come for Costco memberships, its executive leadership confirms, but just when shoppers can expect the increase remains unknown.

Associated Press: ‘So be it,’ says embattled House speaker McCarthy as Republican rebel Gaetz vows ouster vote

Procedural votes could be offered to halt the motion or it could trigger a House floor vote on whether Kevin McCarthy, R-Calif., should remain speaker.

: Government shutdown: Video reportedly shows Rep. Jamaal Bowman pulling fire alarm as House scrambles to vote on spending bill

Rep. Jamaal Bowman reportedly pulled the fire alarm in a House building just as the chamber rushed to vote on a spending bill to avoid a government shutdown.

: See ya, Sunbelt. Boomers are rejecting the classic retirement spots.

Where’s the biggest boom in baby boomers? 

Commodities Corner: Why gasoline prices are set to fall even as oil marches toward $100 a barrel

U.S. oil futures posted a climb of nearly 9% in September, but gasoline prices at the pump have declined --- and are expected to fall further thanks in part to what some analysts refer to as “seasonality.”

Living With Climate Change: Here’s how El Niño will impact winter, including skiing and snowboarding plans

The latest El Niño means a winter that is warmer than usual for much of the north and wetter in Florida and New England, according to NOAA.

Washington Watch: Embattled Speaker McCarthy tries new 45-day funding tactic to avoid government shutdown

As written now, the proposed House action would fund the government at current 2023 levels for 45 days and provide money for U.S. disaster relief.

: It’s the end of the road for shares of Bed Bath & Beyond

Bed Bath & Beyond’s shares are canceled and “have no value,” the company said, in a filing Friday

The Human Cost: ‘COVID isn’t done with us’: So why have so many people started rolling the dice?

Fewer than a quarter of Americans said they were ‘definitely’ planning to get the latest vaccine.

: SmileDirectClub’s stock plummets 85% after Chapter 11 bankruptcy filing

SmileDirectClub Inc. sank in the extended session Friday after the teeth-straightening company said voluntarily filed for Chapter 11 bankruptcy protection.

: The Magnificent Seven could be considered the messy seven after a ‘meh’ third quarter

The so-called Magnificent Seven lost some luster in the latest quarter, as they proved no longer the big market drivers they were earlier this year.
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