Sept 14 (Reuters) – The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
– The price of gasoline fell 10.6% in August, at $3.70 a gallon which helped moderate still-sky-high inflation and easing pressure on American consumers, Tuesday's Consumer Price Index report said. https://nyti.ms/3eLtaD5
– Russia has covertly given at least $300 million to political parties in more than two dozen countries since 2014, and plans to transfer hundreds of millions more, with the goal of exerting political influence and swaying elections, according to a State Department summary of a recent U.S. intelligence review. https://nyti.ms/3xovjv3
– Starbucks Corp provided a window into its much-anticipated reinvention strategy on Tuesday, highlighting automations it plans to begin using over the next three years that will get orders to customers faster while cutting down on the work done by employees. https://nyti.ms/3S142Xh (Compiled by Bengaluru newsroom)
Shares in bauxite, alumina, and aluminum producer Alcoa (NYSE: AA) were down around 10% by midday Wednesday. The move comes after its steel manufacturing peer, Nucor (NYSE: NUE), announced disappointing guidance for its third quarter. Steel and aluminum are replaceable with each other and operate in very similar end markets, so Nucor's warning is a salutary reminder that Alcoa also faces difficulties in 2022.
Rivian CEO RJ Scaringe is "ecstatic" over the Biden Administration's Inflation Reduction Act, which includes considerable subsidies for electric vehicles.
The tech-heavy Nasdaq, where much of the damage was done yesterday, was gaining 0.7% through 1:35 p.m. ET on Wednesday as individual tech stocks began recovering some of their losses. In particular, electric vehicle (EV) charging network Blink Charging (NASDAQ: BLNK) is bouncing back from Tuesday's 5% loss to post a 4.2% gain today. Fuel cell pioneers Plug Power (NASDAQ: PLUG) and Bloom Energy (NYSE: BE) are recovering some losses as well, up 1.3% and 4.8%, respectively.
In a world where the stock market is unpredictable and interest rates are rising, many investors are looking for someplace to put their money that is as close to risk-free as possible – even if it means forgoing the chance … Continue reading → The post How to Buy More than $10,000 in I Bonds Through This Loophole appeared first on SmartAsset Blog.
Desperate times call for desperate measures, and this might be just such a time: Persistently high inflation might force the Federal Reserve to resort to the biggest increase in a key U.S. interest rate in more than 40 years.
In this article, we talk about the 10 tech stocks to buy now according to billionaire Steve Cohen. If you wish to skip our detailed analysis of Cohen’s hedge fund history and investment strategy, go directly to 5 Tech Stocks to Buy Now According to Billionaire Steve Cohen. Billionaire Steve Cohen, founder, and partner at […]
Stocks of online advertisers have been crushed. But the group may roar back, benefiting committed investors.
The world's richest man worries about the Federal Reserve's aggressive rate hikes to fight inflation.
What happened Tesla (NASDAQ: TSLA) shares popped nearly 5% Wednesday morning after details surfaced from an invite-only investor conference. Shares were still 3.6% higher as of 1:37 p.m. ET. So what The stock dropped yesterday when one electric vehicle (EV) sector analyst presented a case for why a formidable competitor might surprise investors.
Shares of Medical Properties Trust (NYSE: MPW) have been under a lot of pressure this year. The real estate investment trust's (REIT) stock has lost a third of its value due in part to rising interest rates. While the market has concerns about the REIT's ability to continue growing its portfolio and dividend, it recently took a big step to address those worries.
Here are some reliable stocks that can keep making gains even if a recession pressures the overall market.
“A standard full-service broker-dealer typically charges anywhere between 1% and 2% in management fees, on top of any fund-specific expenses, trading fees and commissions,” explains certified financial planner Jay Abolofia of Lyon Financial Planning. If you like your bank, but want to pay less, open a line of communication with them.
QuantumScape (NYSE: QS) has gotten a lot of attention from investors lately. And for good reason, since the battery start-up's technology could prove revolutionary. But it could also be a flop. Motley Fool contributors Jason Hall and Jeff Santoro discuss the company, its prospects, and a few things investors need to consider before buying shares.
(Bloomberg) — Another wrinkle in a chaotic stock market where everything from the frenetic activity of quant traders to an ever-hawkish Federal Reserve is making investing harder than usual: A looming $3.2 trillion options expiry played a notable role in the Tuesday selloff.Most Read from BloombergTerra Co-Founder Do Kwon Faces Arrest Warrant in South KoreaUS Inflation Tops Forecasts, Cementing Odds of Big Fed HikeStocks Rise as Dip Buyers Win Tug of War Over Fed: Markets WrapXi Returns to Worl
In this piece, we will take a look at the ten best lithium stocks to buy now. If you want to jump ahead to the top five stocks in this list, then head on over to the 5 Best Lithium Stocks to Buy Now. Just as the internal combustion vehicle is dependent on the crude […]
Yahoo Finance Live anchors discuss the decline in shares for Nucor.
In this article, we will look at the 10 favorite dividend aristocrats of journalist investor, Jim Cramer. If you want to explore more dividend aristocrats that Cramer is recommending to own for the second half of 2022, you can also take a look at Jim Cramer’s 5 Favorite Dividend Aristocrats. Jim Cramer thinks that owning […]
Ark Invest has added to its DraftKings (NASDAQ: DKNG) stake for seven consecutive trading days through Tuesday's close. It's clear that Cathie Wood — the co-founder, CEO, and stock picking mastermind of the Ark Invest family of exchange-traded funds (ETFs) — has taken a shine to the online wagering specialist. Ark Invest now owns 5% of DraftKings' shares outstanding.
Investors are buying these oil stocks on the dip in anticipation of a tighter oil market and higher crude prices.
Chris Zaccarelli of Independent Advisor Alliance knows what Tuesday's inflation print means for the Fed: “Not only are they going to end up causing a recession, but it is going to be a bad one."