Articles

U.S. budget deficit swells to $129 billion in December

The U.S. federal budget deficit widened to $129 billion in December, up from $85 billion in the same month last year, the Treasury Department said Thursday.

EBay to pay $3 million fine after members of its security team sent fetal pig, live spiders to critical bloggers

The fine is part of a deal settling criminal charges against eBay in a case that resulted in four executives being sent to prison.

Why the $6 trillion pile of cash in money-market funds isn’t heading for stocks

Arguing that 'cash on the sidelines' is bullish for stocks is 'propaganda,' says Ned Davis Research strategist

Why the debut of Bitcoin ETFs could be bad news for crypto stocks, futures ETFs

The long-awaited debut of the first spot bitcoin exchange-traded funds in the U.S. is widely seen as a major boost to the crypto space at large. Still, that doesn't mean the ETFs will benefit everyone -- such as existing bitcoin-related products that could see their market share diminished, according to analysts.

Chesapeake and Southwestern bonds rally on merger news as Fitch says combined entity may get investment-grade rating

Fitch said the combined entity is worthy of an investment-grade rating based on the scale of reserves.

Boeing’s stock drops after FAA launches formal probe into 737-9 Max incident

Boeing's stock dropped Thursday, after the Federal Aviation Administration said it formally launched an investigation into whether the aerospace giant failed to complete safety tests on the certain products.

El Erian: Don’t bank on 2023’s bullish market trends making you money in 2024

Chances of robust global growth in 2024 appear 'tenuous,' at best.

Bitcoin is a ‘public good,’ says ARK’s Cathie Wood as spot ETF debuts

Cathie Wood says bitcoin is a 'financial superhighway.'

Smith Douglas Homes’ stock rises in debut as first initial public offering of 2024

Stock notches double-digit percentage gains over its $21 IPO price.

Child tax credit could get boost as Congress fights to finish tax deal

A boost to the child tax credit and a trio of business tax cuts could be within reach as congressional negotiators are reportedly nearing a deal worth between $70 billion to $80 billion.

Mortgage rates inch higher, but home-buying demand is growing

The 30-year mortgage rate is averaging at 6.66%, Freddie Mac said in its latest weekly survey on Thursday.

Fed’s Mester says March is probably too early for rate cut

Cleveland Fed President Loretta Mester on Thursday threw cold water on market expectations of an interest rate cut as soon as March.
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