Articles

Factory orders sink in July. Weak airplane contracts to blame.

U.S. factory orders fell 3.3% in June mostly because of weaker demand for passenger plans and military aircraft, but an ongoing slump in manufacturing showed no sign of ending.

Fed chief Powell has a new catalyst for cutting rates after putting goodies ‘on the table’

Also, new rules for home buyers, an estate planning mistake to avoid and a passing of the torch for Big Tech

Recession fears fuel swings in interest-rate expectations and 2-year Treasury yield

Recession fears, a growth scare, and a Federal Reserve policy mistake. A combination of all three things gripped the U.S. government debt and interest-rate corners of the financial market on Friday, as traders weighed two days of weaker-than-expected data and translated that into large swings in fed-funds futures and the yield on the policy-sensitive 2-year Treasury note.

Social Security crisis: Voters prefer higher taxes over benefit cuts

Poll says more than 70% of voters are worried about Social Security running out of funds in their lifetime

How the head of cannabis company Cronos dealt with a negative report from indicted short seller Andrew Left

Canadian executive worked to calm shareholder concerns about the ‘inaccurate’ and ‘questionable’ report published in 2018

We’re living in Los Angeles with about $2.4 million. I want to retire at 55 in five years. ‘Is retirement a pipe dream?’

‘We probably just have enough for my only daughter’s college expenses in a college fund’

A closely tracked recession indicator, the Sahm rule, has now been triggered. Here’s what that means.

What is the Sahm rule? Is the U.S. economy in recession?

‘We should not sleepwalk into disaster’: Jamie Dimon calls on next president to unite America

JPMorgan Chase’s CEO weighs in on how the next president could unite the country.

DraftKings’ stock slides 5% after revenue miss, but analysts are still upbeat

A plan to implement a gaming-tax surcharge in high-tax states next year is “a gamble in itself,” according to an analyst.

Google has pulled controversial Gemini AI Olympics ad from TV rotation

A Google AI-focused Olympics advertisement that sparked backlash has been removed from TV rotation, according to the technology giant.

Intel borders on ‘existential’ crisis as stock could see worst fall in 50 years

An analyst says the company looks to be in a “spiral” following steep cost cuts and a reset of expectations.

Cathie Wood’s Ark ETFs buy a bunch of Moderna stock after record selloff

High-profile investor Cathie Wood saw the record selloff in Moderna’s stock as an opportunity to bulk up her bets on the biotechnology company.
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