Articles

Gas prices topping $4 a gallon this summer is possible — but not expected

Retail gasoline prices are set to rise as they usually do just as the U.S. summer driving season gets underway, but to say the average national price will climb to $4 a gallon is a bit of a stretch.

Retirees are more afraid of healthcare than they are of running out of money

Even more scary than running out of money in retirement is paying for healthcare, which can be a major drain on any retiree’s nest egg.

Good Friday’s PCE data brings crucial inflation reading — but markets are closed

Stock-market investors get a key piece of economic data on Good Friday, but won’t be able to trade on it.

Sam Bankman-Fried gets 25 years — one of the longest-ever sentences for financial fraud

As much as $10 billion in customer deposits went missing from FTX, Bankman-Fried’s crypto-trading platform, as a result of his fraud.

Three Fed interest-rate cuts this year? Yes, top banking economists say.

Top economists at big U.S. banks predict the Federal Reserve will cut interest rates three times this year — with the first reduction in June — even though inflation is unlikely to slow much further in 2024.

Bank of America downgraded after hot stock run, while U.S. Bancorp and PNC get boost

New analysis from HSBC says that Bank of America’s stock is reaching its target price — but there are still buying opportunities in other banking sectors.

Disney steels for April 3 shareholder showdown with activist investors

Rest assured, Walt Disney Co.’s annual shareholders meeting next week will not be the happiest place on earth.

Mortgage rates fall, providing some relief to home buyers

The U.S. 30-year mortgage rate is averaging at 6.79% Freddie Mac said in its latest weekly survey on Thursday.

Inflation is taking a bite out of retirement savings — but there might be hope in sight

Persistent inflation has eroded Americans’ ability to prepare for their financial futures by causing them to reduce savings, take on debt and withdraw from retirement accounts.

Intel files lawsuit to overturn European patent that threatens to block its exports to Germany

R2 Semiconductor — which is majority owned by Daniel Loeb’s hedge fund Third Point — claims Intel has been using its proprietary technology

Troubled EV maker Fisker to cut some car prices by more than 30% to boost demand

Fisker Inc.’s stock got a slight reprieve Thursday after the troubled electric-vehicle maker announced large price cuts in an attempt to boost demand for its cars.

Consumer sentiment climbs to 2 1/2-year high as inflation eases

Consumer sentiment index rises to 79.4 in March
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