Fed’s Wall of Worry: Government shutdown, UAW strike, student loan repayments and $90 oil
While the Federal Reserve has been busy battling inflation, a new crop of headwinds have emerged that could spell trouble for the U.S. economy
Oracle’s worst day in 21 years may be overdone
Wall Street is punishing Oracle after quarterly results but some suggest investors are missing key details on future growth tied to AI and cloud demand.
Stocks in September may be dicey
For stocks, September is historically one of the worst months on record, followed by an equally rough October. This year, the crosscurrents are a little different for investors.
Nike shares on longest losing streak ever
Nike shares have fallen for 10 straight days as a series of retailers deliver bad news, adding to existing headwinds in both the U.S. as well as abroad for the sporting goods giant.
Bitcoin’s problem may be bond yields
Bitcoin took a sharp leg down to the $25,000 level as investors speculated about SpaceX's holdings, but there may be another major headwind for cryptocurrencies — rising bond yields.
Economy adds 187,000 jobs in July, a sign the Fed's rate hikes are working
In July, the unanimous decision by the Fed to raise interest rates put the key benchmark federal funds rate at a range of 5.25% to 5.5%, further restricting economic activity.
Dow's winning streak best since 1987
The Dow Jones Industrial Average wrapped a 13-day winning streak, a run not seen since 1987, after Federal Reserve hiked interest rates to a 22-year high.
Tony Bennett raised Alzheimer's funds, awareness
Musical legend Tony Bennett threw his celebrity behind raising awareness and money for the fight against Alzheimer's after being diagnosed with the crippling disease in 2016.
Microsoft, KPMG expand AI deal with $12 billion in growth opportunities
KPMG and Microsoft are expanding their multi-decade partnership to capitalize on AI which is swiftly making its way into the corporate and professional services industry.