Articles

‘Our view is a soft landing is still the base case’: Goldman Sachs exec

Goldman Sachs Group executive John Waldron said on Thursday that Wall Street dealmaking continues to pick up steam as clients focus on investments in artificial intelligence, even as they worry about inflation and geopolitical flare-ups.

The S&P 500’s two biggest gainers offer bullish signs for tech spending

HP and Best Buy are seeing their stocks shoot higher as PC trends stabilize.

PCE inflation report could show U.S. prices rising at slowest rate of the year

Is some good news on inflation heading our way? Wall Street is banking on a slowdown in prices in a key inflation report for April on Friday that could help stem a recent downdraft in the stock market.

Fed’s Williams expects inflation to cool in the second half of the year

Williams said that recent hot monthly readings are a pause, not a break, in the cooling-inflation trend.

Mortgage rates post biggest jump in over a month as the market dials back expectations of Fed rate cut, Freddie Mac says

The 30-year mortgage rate is averaging 7.03%, Freddie Mac said in its latest weekly survey on Thursday.

McDonald’s is mad about $18 Big Mac meal complaints and these other ‘myths’

All those stories about how expensive Big Mac burgers are now have made McDonald’s Corp. very mad, and the fast food giant isn’t going to take it anymore.

Scotts Miracle-Gro’s RIV Capital to merge with Cansortium in cannabis tie-up

Cansortium to add RIV Capital’s Etain dispensaries in New York; Scotts Miracle-Gro eliminating $175 million in debt.

Corporate profits are cooling, as consumers are feeling ‘less flush’

Businesses, once “able to take advantage of supply-chain issues” during the COVID-19 pandemic, are not able to raise prices as freely.

C3.ai’s stock is bucking the software selloff. Here’s why.

C3.ai CEO says the company is not dealing with the same budget pressures as more generalized software players.

The 4% rule is ‘blind to the new reality’ of retirement life — do this instead

Retirees need more freedom to spend earlier in retirement, researchers say

UnitedHealth’s ‘negligent’ cybersecurity needs FTC, SEC scrutiny, Wyden says

Senate Finance Committee chair Ron Wyden on Thursday called on the Federal Trade Commission and Securities and Exchange Commission to investigate UnitedHealth Group’s “negligent cybersecurity practices” in light of the cyberattack on the company’s Change Healthcare unit.

Pending home sales plunge to lowest level in four years as buyers steer clear of 7% mortgage rates

The housing market is facing a double whammy in the form of higher mortgage rates and a scarcity of homes for sale.
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