Articles

Nobel-prize winning economist Joseph Stiglitz says Fed should deliver big rate cut no matter what jobs data show

Stiglitz said it had been a mistake for the central bank to keep rates so low for so long following the 2008 financial crisis. Now, it is crucially important for the Fed to shift borrowing costs back toward a more normal level.

Oil prices on track for hefty weekly drop on fears over demand

Oil futures were steady early Friday as investors awaited the U.S. August jobs report, but were on track for a large weekly slide on worries over the outlook for demand.

REIT Wheeler’s stock rallies 96% after appellate court dismisses class-action suit

Favorable ruling clears company to pursue its strategic plans,

The best parallel to current conditions is one traders haven’t lived through, former Bridgewater executive says

The best historical parallel for current economic conditions might be a period that few if any current traders have lived through.

Russian court blocks Austria’s Raiffeisen Bank from selling local subsidiary

Raiffeisen Bank International, Austria’s second largest bank by revenue, had previously vowed to launch a “sale or spin-off” of the Russian subsidiary in March 2023

Zenas BioPharma sets price range for $200 million initial public offering

Zenas BioPharma Inc., a Waltham, Mass.-based developer of immunology-based therapies, on Friday said it plans to offer 11.76 million shares of common stock at an estimated price range of $16 to $18 in its upcoming initial public offering.

Don’t bash Buffett. His Berkshire Hathaway has ‘pummeled’ the S&P 500, says this fund manager

The Omaha-based conglomerate hit a record high this week and is way cheaper than Apple and Microsoft

Can bitcoin beat its historic September slump? Why this year could be different.

September has historically been the worst-performing month for both bitcoin and stocks. 

‘I never thought they would be in this situation’: Our daughter and son-in-law spend money as fast as his parents give it to them. Should we intervene? 

“She had two rounds of IVF before she had a successful pregnancy. It cost $90,000, which has wiped out most of their savings.”

Bond yields dip heading into crucial U.S. jobs report

Bond yields dipped on Friday ahead of the eagerly awaited jobs report and the last Fed speaker before the central bank’s rate decision.

Kanye West finally sells the Tadao Ando-designed Malibu home, an ‘architectural gem’ that he gutted

After tearing the home apart, leaving it empty and exposed to the elements, West has sold the derelict property at a $36 million loss

The IRS has hauled in millions from rich people who didn’t file taxes — here’s how much

Rich people who didn’t file tax returns for years have already paid $172 million in taxes to the IRS, according to the first results of the agency’s revived program targeting scofflaws.
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