Articles

: Linda Yaccarino says X, formerly Twitter, is ‘close’ to breaking even

Linda Yaccarino, who claims she has "autonomy" under Elon Musk, insists the company is "close" to breaking even as major advertisers return.

Economic Report: Mortgage rates rise for third week in a row as U.S. economy shows signs of strength

The 30-year mortgage rate is averaging at 6.96%, Freddie Mac said in its latest weekly survey on Thursday.

: Virgin Galactic makes its first private spaceflight, taking 18-year-old to space

18-year-old Anastatia Mayers became the second-youngest person to reach space, taking part in Virgin Galactic’s Galactic 02 mission.

Economic Report: U.S. jobless claims spike to highest level in a month

U.S. initial jobless benefit claims rose by 21,000 to 248,000 in the week ending Aug. 5 — the highest level since the week ending July 1.

The Tell: 3 reasons why investors should be cautious about July’s ‘very encouraging’ CPI reading

One reason behind the need for caution is rising energy prices, which could begin to impact the headline inflation rate in data released next month.

Market Extra: Nvidia’s stock drops below key uptrend tracker, snapping longest streak above it in 6 years

Nvidia's stock chart now shows that the stunning uptrend investors have enjoyed this year amid all the artificial-intelligence hype may have ended.

Economic Report: U.S. inflation rate creeps back up, CPI shows, but probably not enough to worry the Fed

U.S. consumer prices rose a mild 0.2% in July, but the rate of inflation rose for the first time in more than in a year in a sign it's going to take a while to get the rise in the cost of living fully under control.

: Social Security’s COLA could be about 3% in 2024 — after an 8.7% increase in 2023

The new forecast comes after the release of July’s consumer-price data, which showed inflation creeping back up.

: Siemens blames sales miss on China’s economic woes

Another sign of China's tepid recovery came from German industrial conglomerate Siemens, which pinned disappointing sales on the lackluster economy.

: ‘Thank you Barbenheimer!’ AMC CEO touts record July, boosted by ‘Barbie’ and ‘Oppenheimer.’

“July 2023 was the biggest revenue month in AMC's entire 103 year history,” said AMC CEO Adam Aron.

: I spent $10,000 renting a storage unit, but finally learned my lesson

With more than one in 10 Americans renting storage space, the storage industry has become nearly a $30 billion behemoth.

: WeWork bonds crater as investors shift into sell mode on going-concern warning

WeWork's bond prices fell about 63% on Wednesday, even after 10 days of selling ahead of the once high-flying company's latest quarterly loss.
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