Articles

Utilities stocks were Wall Street’s hottest trade this year. Are they at risk of fizzling out?

Utilities have been on a dazzling run in 2024 — but some believe rockier times lie ahead.

Groceries are more affordable now than in 2019. So why are people still so mad about prices?

For the average worker, grocery prices are about as affordable as they were pre-pandemic. But the costs are still a sore spot for consumers — and a focus in the 2024 election.

TD Bank stock slumps on report of $3 billion fine and asset cap

Toronto-Dominion Bank shares fell in premarket trade Thursday after a report said the Canadian bank may pay a $3 billion fine and get hit with an asset cap to settle charges from the U.S. government.

Pop producer Dr. Luke lists waterfront Malibu home for $11.9 million

Dr. Luke, aka Lukasz Gottwald, purchased the property from Ozzy Osbourne in 2012, keeping the wood-paneled music studio.

Actress Michelle Williams is asking $35,000 a month for her Southern-style mansion in Brooklyn

The 1910-era estate closely resembles the famous house in the movie “Gone With the Wind.”

GSK settles vast majority of Zantac claims for $2.2 billion

The British drugmaker reached a $2.2 billion settlement to resolve around 80,000 lawsuits over claims its Zantac heartburn remedy causes cancer

Benchmark Treasury yield holds 10-week high above 4% ahead of CPI inflation data

Treasury yields nudged slightly higher early Thursday as traders awaited U.S. consumer price inflation data.

How Stanford’s new personal-finance class plans to revolutionize the way we learn and think about money

Economist Annamaria Lusardi is leading an effort to elevate learning how to manage your money

Costco reveals sales jump in first month after raising fees, boosted by one crucial week

Costco’s September sales rose 9%, with one key week boosting sales further.

Why Amazon’s Project Kuiper satellite opportunity may be underappreciated

Amazon.com Inc.’s ambitious Project Kuiper satellite constellation may have a hefty multibillion-dollar price tag, but it could be set to bring significant benefits to the company, says analyst firm Evercore ISI.

Minutes show a cautious Fed, economists say, with ‘little hurry to slash rates’

Minutes of the Fed’s Sept. 17-18 deliberations, published Wednesday afternoon, reveal a much more cautious central bank, economists said.

Hurricane Helene’s victims could get more generous tax breaks. Senators just need to vote for them.

“We shouldn’t saddle survivors with unfair taxes as they work to rebuild their lives,” said one lawmaker supporting the Federal Disaster Tax Relief Act.
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