Articles

Goldman cuts U.S. economic outlook over the Iran war — and the fear goes beyond oil

Goldman Sachs economists Manuel Abecasis and David Mericle in a new research note looked at the economic implications of the Iran war on the U.S. economy.

Quantum-computing technology may not be so futuristic after all, according to IBM

The company sees ways to integrate quantum processors with CPUs and GPUs in modern supercomputers — years before large-scale quantum computers have their moment

Oil taps $101 as Iran dramatically changes strategy and IEA calls conflict biggest supply disruption in history

Worries come despite International Energy Agency members agreeing to release the largest ever amount of oil from emergency supplies.

The chorus of disapproval for private credit gets louder as Morgan Stanley fund is the latest to cap withdrawals

Investors are becoming increasingly nervous about problems mounting in the $3 trillion private credit market where some creditworthiness is deteriorating in some sectors and truthful valuations are hard to ascertain.

The truth behind 401(k) withdrawal numbers: People aren’t being reckless — they’re desperate

The good news is that low-income workers taking out hardship withdrawals are still saving, thanks to auto-enrollment.

Goldman warns of $150 oil peak as it hikes price target for second time in a week

If Strait of Hormuz stays shut through March then a 2008-type price spike is possible

‘I have no savings’: I’m inheriting $400,000. I’m 64 with $900 in Social Security. What should I do?

“I have no experience with any life other than paycheck to paycheck.”

Investors trying to make money on the Iran conflict are gambling blind. Don’t even try.

It’s been pure mayhem in the financial markets.

Salesforce makes a big splash in the debt market so it can quickly buy back 14% of its stock

The software giant will conduct $25 billion worth of accelerated share repurchases after management previously signaled that the stock is too cheap.

Dow futures down nearly 500 points as oil prices continue to climb

Stock futures tumbled after hours on Wednesday, building on earlier losses for the S&P 500 and Dow Jones Industrial Average, as crude-oil prices pressed higher.

Petco is leaning on services, fresh food and pet tarantulas — and it is paying off

Shares of Petco Health & Wellness jumped after hours on Wednesday after the pet-supplies retailer said it expects sales to rebound this year, as efforts to overhaul its store selections and lean more into services like dog grooming and training are starting to pay off.

As Starbucks’ Howard Schultz heads to Miami, here’s a list of other billionaire business leaders moving to Florida

A few Big Tech execs have also headed to the Sunshine State in recent months
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