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Happy holidays: Consumer spending surges again and keeps U.S. economy in overdrive

Consumer spending is strong for third quarter in a row

Inflation finishes 2024 well above Fed’s 2% target, PCE shows. Rate cuts on hold.

The price gauge used by the Federal Reserve to help set U.S. interest rates accelerated in December, pushing the bank further away from its inflation goal and reducing the chance of a another reduction in borrowing costs soon.

AbbVie’s newer immunology drugs are offsetting Humira’s decline, sending stock up 5%

AbbVie’s earnings topped estimates as it offered an upbeat view of 2025.

Exxon Mobil’s 2024 production was at highest level in over 10 years

Exxon Mobil’s stock gained ground after quarterly profit and free cash flow beat expectations, and production rose, while revenue fell short of forecasts.

What’s worth streaming on Netflix, Max, Hulu and more in February 2025 — and which subscriptions to pause or stop

‘The White Lotus,’ ‘Yellowjackets’ and ‘Invincible’ are back for new seasons, while Robert De Niro stars in Netflix’s ‘Zero Day’

Why you should be wary of the ‘most admired’ companies

Popularity is a contrarian signal.

Oil prices on track for weekly declines as traders await Trump tariff decision

Oil futures ticked lower Friday and were on track for weekly losses as traders awaited a decision by President Donald Trump on tariffs on imports from Canada and Mexico.

Here’s how much money NFL stars Patrick Mahomes, Saquon Barkley and Jalen Hurts can make in Super Bowl bonuses

Every player who wins the Super Bowl will get a $171,000 bonus from the NFL. Some stars will also get bonuses from their team.

Why Microsoft’s investment in AI should start to pay off in 2025

Hardware development and software support make the tech giant a formidable contender.

Tech giants to turn into ‘Lagnificent 7’ as U.S. exceptionalism peaks, say Bank of America strategists

The ”Magnificent Seven” grouping of tech stocks that have powered markets is set to start lagging the market, a team of strategists says.

Chevron logs its first refining loss in four years, sending stock lower

Chevron touted “record production” as well as stock buybacks and announced an increase in its quarterly dividend.

Bond yields rise as traders eye tariff developments

Bond yields rose on Friday with investors paying attention to tariff news as key inflation data was set for release.
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