Articles

Living With Climate Change: What is a heat dome? There’s one roasting Texas and the Midwest

Extreme-heat warnings are in effect for about 143 million Americans this week, due to a heat dome that is hovering over the Midwest, South and Southwest.

The Tell: Wall Street firm cuts S&P 500 target. What Seaport says could go wrong by end of 2023

A Wall Street research firm reassesses its 2023 outlook for the large-cap benchmark as rising Treasury yields continue to weigh on risky assets. 

In One Chart: As credit-card debt tops $1 trillion, smaller banks see a worrisome trend

Smaller banks are seeing credit-card delinquencies hit record levels as many consumers exhaust their credit, according to the Wells Fargo Investment Institute.

In One Chart: August shapes up to be one of this year’s worst months for Treasurys

Signs of U.S. economic overheating have left Treasurys with negative returns of around 1.9% so far this month.

In One Chart: Rise in Treasury yields is almost entirely due to one factor, strategist says

Ninety percent of the current rise in long-dated Treasury yields is due to the fact that real rates are also rising, said Joseph Kalish of Ned Davis Research.

: In 2023, this alcoholic drink is more popular than ever

Gallup polling has been asking consumers about their favorite alcoholic drinks for 30 years.

The Tell: Something unusual happened on the Nasdaq Monday. It’s one more reason for investors to tread carefully, analyst says.

The Nasdaq Composite experienced something fairly unusual during Monday's rebound. According to one analyst, it's another reason to be cautious about stocks' nascent rebound this week.

: U.S. banks and regional lenders slide across the board as S&P is latest to downgrade ratings

The entire financial sector was under pressure on Wednesday after the latest negative news from S&P Global Ratings.

: Here’s the technology Lowe’s wants to use to tackle power tool theft

Lowe’s is developing RFID technology embedded to combat theft of power tools from its stores

The Margin: While Spain joyously fêtes its female World Cup champions, anger builds over an unwanted kiss

Spain celebrated its female soccer champions on Monday, while one soccer official in the country continued to come under fire for kissing a player without consent in a ceremony after the game.

: Icahn investment arm’s stock slides anew and us close to its 52-week low

Icahn Enterprises' stock was down 4.2% to $19.86 on Tuesday, bringing it within sight of its 52-week low of $18.03.

: Dick’s Sporting Goods CEO highlights impact of organized retail crime: ‘It’s quite alarming what’s going on’

“We’re doing everything we can to address the problem,” says Dick’s Sporting Goods CEO Lauren Hobart
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