Author: News Room
A stealth inflationary cost is biting into corporate profits.While some companies are now seeing lower input and freight costs, one expense is not falling: insurance.In its earnings report Friday morning,…
Check out the companies making headlines in midday trading. Wayfair — Shares of the digital home goods retailer surged 10.3% after the company said it will lay off 13% of…
San Francisco Federal Reserve President Mary Daly on Friday pumped the brakes on Wall Street’s aggressive interest rate cut bets. During an interview with FOX Business’ Charles Payne and Edward…
WASHINGTON – Fannie Mae has revised its mortgage rate forecast, now expecting rates to decline to around 5.8% by the end of the year. This adjustment comes as the Federal…
By Chuck Mikolajczak NEW YORK (Reuters) -The climbed for a fifth straight session on Thursday after labor market data showed job growth, keeping expectations for an interest rate cut from…
By Erwin Seba HOUSTON (Reuters) -Oil prices settled higher on Friday as U.S. Secretary of State Antony Blinken began a week-long sweep through the Middle East in an attempt to…
© Reuters. FILE PHOTO: Democratic presidential candidate U.S. Representative Dean Phillips (D-MN) speaks at a campaign event ahead of the New Hampshire presidential primary election in Nashua, New Hampshire, U.S.,…
Traders are starting to throw in the towel on hopes that the Federal Reserve will cut interest rates in March, just as one of the bond market’s most closely followed…
The rich only got richer during the pandemic, according to a new report — in fact, the five wealthiest people in the world saw their net worth rise by $869…
Brock Purdy signed a four-year contract with the San Francisco 49ers in 2022 that turned out to be one of the biggest bargains in the league today. Because Purdy, 24,…