Articles

Avis’s stock drops after company sells record number of cars into a tough used-car market

Avis Budget Group’s stock was having its worst day in four years on Tuesday, after the car-rental company said it sold a record number of vehicles during the fourth quarter in a bad market for used cars, due to vehicle oversupply and a spike in interest costs.

5 reasons not to go out to dinner on Valentine’s Day

Ask almost anyone who has dined out on Valentine’s Day, and they will tell you that it can be a series of disappointments.

Bullish bets on Nvidia, other ‘Magnificent Seven’ members near their most crowded levels in the past year

The trend is prompting some derivatives-market experts to warn that the broader market could be at risk of a pullback as Big Tech stocks, which have led the market higher over the past year, could falter following Friday’s options expiration.

Moving to New York City? Be ready to drop more than $10,000 up front to rent an apartment.

The cost of renting in New York has hit a new high, as the number of available units drops to a 50-year low.

‘Ugly’ and ‘disconcerting’ inflation report upsets markets’ thinking on when Fed will cut rates

January’s hotter-than-expected inflation report threw financial markets into a tailspin on Tuesday and upended investors’ expectations about how soon and by how much the Federal Reserve might start cutting interest rates.

Tesla leads 11% annual drop in EV prices as demand slowdown continues

People in the market for a new electric vehicle may be looking at a bargain of sorts, particularly if they aim to get a new Tesla.

Natural-gas prices at lowest since 2020 on mild weather, ample supply ‘double whammy’

Natural gas has fallen to its lowest price since mid-2020, with warmer U.S. weather and ample supplies of the fuel pulling prices down for a six session in a row on Tuesday.

Expanding the child tax credit could come from axing this COVID-era ‘magnet for fraud’

Congress is considering a new bipartisan tax package that would expand the child tax credit and restore several business tax breaks, and the plan is to end a controversial COVID-era relief scheme to pay for it.

Housing costs are still rising, but that won’t stop the Fed from cutting interest rates

For over a year, economists and financial market experts have been confidently arguing that shelter costs are on the cusp of rolling over. So it was a surprise to many when shelter costs accelerated in January.

Manchester United shares climb as Premier League approves Ratcliffe deal

Manchester United’s stock climbed Tuesday as the Premier League approved British billionaire Jim Ratcliffe’s acquisition of a 25% minority stake in the iconic English club.

Betting markets put Biden’s chance of re-election at lowest level in a year

But the betting markets got last year’s midterm elections wrong and can be poor predictors for a number of reasons,

These are your chances of getting dementia — with potentially ‘catastrophic’ financial results

About half of those in their late 80s are affected by dementia or cognitive impairment.
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