Articles

IBM closing research unit in China, Wall Street Journal reports

IBM is reportedly cutting 1,000 jobs after its revenue from China fell nearly 20% in 2023.

McKesson to acquire controlling stake in Core Ventures for $2.49 billion in cash

McKesson said it hopes to “bring advanced treatments and improved care experiences to patients, while also reducing the overall cost of care.”

SolarEdge’s stock surges as CEO steps down after 5 years in the role

SolarEdge’s stock charged higher in early Monday trading, after the solar-power-equipment maker said its chief executive of the past five years, Zvi Lando, has stepped down.

Treasury yields tick higher as traders wait for more clarity on Fed’s next move

Treasury yields were little-changed early Monday after falling last week as Federal Reserve Chairman Jerome Powell teed up a September interest-rate cut.

U.S. durable goods surge in July on volatile transportation orders

Stripping out autos and planes, orders up moderate 0.2%

Low-income consumers are still struggling. Now the cracks are starting to show for higher-income ones, survey finds.

Mizuho said Monday its August consumer survey found that low-income consumers, who account for 22% of total U.S. household spending, continuing to struggle. But the cracks were also starting to show for higher-income consumers.

Oil prices climb more than 2% amid escalating Middle East tensions

Oil prices were surging on Monday morning as the escalating conflict between Israel and Hezbollah over the weekend has heightened worries that the war in Gaza could disrupt regional oil supplies.  

‘I don’t want anyone telling me what to do’: My second husband wants to put our $750,000 home in a trust for his children. Does he have the right?

“After I retired I sold my home that we had been living in and it became part of my portfolio.”

BJ’s can benefit from following Costco’s lead and raising membership fees

JPMorgan upgrades BJ’s stock as an analyst sees prospects for the retailer to gain back market share.

Temu parent PDD’s stock tumbles after a revenue miss as competition intensifies

The stock heads for biggest one-day selloff in two years, and the worst post-earnings performance in three years.

Here’s what to blame for the spike in grocery prices, according to a New York Fed analysis

A New York Fed analysis shows that the grocery price spike wasn’t caused by rising profit margins.

‘We don’t want his daughter to lose out’: My late son named his brother, who is a minor, as beneficiary on his life-insurance policy. How do we rectify this?

‘His brother is a minor, but my son also also had a baby daughter who was not named on the policy’
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