Gas prices: Slight increase at the pumps as prices remain higher than a month ago
Gas prices increased very slightly on Tuesday, with the average cost for a gallon of regular gas rising to $3.502, according to AAA. Gas prices remain a vital topic heading into the 2024 presidential election. With President Joe Biden deciding not to seek reelection, Vice President Kamala Harris will have to address the country’s high […]
Faster, higher, stronger … and healthier: chicken nuggets off menu at Paris 2024 | Paris Olympic Games 2024
That’s enough to wake up Usain Bolt in a cold sweat: chicken nuggets will be off the menu at the 2024 Paris Olympics, with Michelin-starred cuisine and plant-based meat alternatives on offer in the athletes’ village instead. The Jamaican sprinter famously claimed to have eaten 1,000 nuggets over 10 days when he won gold in […]
S&P 500 futures tick higher Sunday night after worst week since April: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange on July 11, 2024. Spencer Pratt | Getty Images S&P 500 futures were up slightly late Sunday after posting their worst weekly drop since April last week as investors shifted money from large tech stocks to mid-cap names. Futures linked to the Composite Stock […]
Regional bank growth is being impeded by higher rates – Yahoo Finance
Along with major banks, regional banks are also announcing their quarterly financial results. The bank has forecast that its net interest income (NII) will decrease. Rising interest rates have stifled lending activity this year, forcing regional banks to focus on retaining customers, pushing up deposit costs as a result. Additionally, Comerica (CMA) is facing an […]
Housing starts rose in June despite higher mortgage rates
The number of housing starts ticked up in June despite pressure from high mortgage rates, reassuring news for an economy that has seen soaring housing prices and rents driven by a lack of supply. Housing starts, the change in the number of new residential buildings that began construction, rose 3% from May to a seasonally adjusted annual rate of 1.35 million in […]
Negative car equity is higher among borrowers with lower income and credit scores: CFPB
A recent CFPB report suggests that incorporating negative equity into new car loans may be a risky practice. (iStock) According to a recent study by the Consumer Financial Protection Bureau (CFPB), drivers with negative balances on their auto loans are twice as likely to have their accounts foreclosed, and they also have lower incomes and […]
Goldman Sachs’ profit more than doubled in the second quarter, bolstered by higher fees from debt underwriting
Anastasia Amoroso, chief investment strategist at iCapital, talks to “Making Money” about what could be the catalyst for a stock market selloff. Goldman Sachs’ profits more than doubled in the second quarter, thanks to higher debt-underwriting fees and strong performance in its bond-trading business. The bank reported Monday profit of $3.04 billion, or $8.62 per […]
BOB RUBIN: The Dollar Is In Trouble And The Stakes Couldn’t Be Any Higher
The Republican National Committee’s platform committee adopted a new GOP platform on Monday that promises to do the following if the Republicans win the House, the Senate and the White House: “KEEP THE U.S. DOLLAR AS THE WORLD’S RESERVECURRENCY.” As someone who manages hundreds of millions of dollars all day long, I must say this is music […]
Markets News, July 12, 2024: Stocks Close Higher to Finish Week With Gains; Dow Above 40K – Investopedia
S&P Gains and Losses on Friday 1 hour 51 minutes ago Profit earners Enphase Energy Enphase (ENPH) shares surged Friday after the company rolled out new U.S.-made residential and commercial solar energy installations that qualify customers for federal tax credits. Solar projects that meet certain requirements qualify for the Domestic Content Bonus Credit under the […]
JPMorgan CEO warns inflation and rates may stay higher for longer
JPMorgan Chase & Co. Chief Executive Jamie Dimon warned that inflation and interest rates could remain higher for longer than expected, despite the three largest U.S. banks reporting strong quarterly earnings. “While there has been some progress in reducing inflation, there are still multiple drivers of inflation, including large budget deficits, infrastructure needs, trade restructuring […]