Articles

U.S. created 818,000 fewer jobs than previously reported, adds to case for Fed interest-rate cuts

The U.S. added 818,000 fewer jobs than previously reported from the spring of 2023 to the spring of 2024, indicating the labor market began to cool off earlier and faster than it appeared at the time.

I’m over 50, my 401(k) is soaring — and the S&P 500 is scaring the heck out of me

It’s almost never been this expensive

Nvidia is nearing another milestone that would showcase its stunning growth

Several analysts see the company hitting the $30 billion revenue mark when it reports earnings next week. The company crossed the $20 billion threshold two quarters ago.

Ford scraps plan for electric SUV as it unveils overhaul of its EV strategy

U.S. carmakers are facing increased competition from Chinese EV companies, which are making inroads with their lower-cost offerings.

TJX’s stock climbs on better-than-expected earnings results, raised guidance

TJX’s CEO said that the company’s third quarter “is off to a strong start.”

‘Mpox is not the new COVID,’ says WHO, as it urges greater solidarity with Africa amid outbreak

Mpox is not the new COVID-19, the World Health Organization said on Tuesday, urging greater solidarity with people and communities in Africa who are currently most at risk.

Coal miners Consol Energy and Arch Resources to merge in $5 billion all-stock deal

The coal-mining companies target up to $140 million of annual cost savings, with a focus on exports

Oil prices steady after 3-day losing streak

Oil futures hovered near unchanged Wednesday morning, consolidating as investors awaited official data on U.S. crude inventories after a three-day losing streak that took crude to two-week lows.

Macy’s stock slides 8% after sales fall short of estimates, as consumers are still reluctant to spend

Macy’s Inc.’s stock M fell 8% early Wednesday, after the department-store chain missed sales and same-store sales estimates for its fiscal second quarter and lowered its full-year guidance, citing a still-stressed consumer.

Do you fund a solo 401(k)? Watch out for these 4 tax traps.

The job isn’t finished until the paperwork is done

Chinese e-commerce giants want your business — and U.S. retailers are losing it

U.S. sales by Chinese online platforms could soar to $40 billion in 2024 from $15 billion last year.

Own these stocks if a ‘Powell surprise’ at Jackson Hole shakes the markets

If the Fed cuts rates more than expected or hikes them, these stocks have you covered.
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