Episodes
Uber loses $654 million in the first quarter; Reuters reports the Justice Department is looking into whether Tesla committed wire and securities fraud; independent law firm says big changes needed at the FDIC to address widespread allegations of sexual harassment and discrimination; FTX reorganization plan that would give small investors all their money back.
Published 05/08/24
Published 05/08/24
 Stocks close mixed; inventory levels growing at a slower pace; consumer credit rises; TikTok sues over ban-or-sale law.
Published 05/07/24
Disney lost money on streaming but, if ESPN were stripped out, Disney+ and Hulu made a profit; BP’s latest quarterly earnings are down from the previous quarter; Social Security and Medicare will run out of money in about a decade; Uber and Instacart join forces.
Published 05/07/24
Stocks rise; survey shows individual aspects of job satisfaction falling; consumers have finally spent their excess pandemic savings; Tyson profits rise.
Published 05/06/24
Maersk is forecasting industry-wide capacity reduction of up to 20% for cargo shipping between Asia and Europe; Global growth in gasoline consumption is likely to slow, consulting group says; EU clears Nippon Steel’s buyout of U.S. Steel; Berkshire Hathaway trims stock holdings.
Published 05/06/24
Stocks rise; total number of new jobs smallest since October; wage gains slow down; services sector contracts.
Published 05/03/24
The Labor Department reports 175,000 jobs were created last month, fewer than expected: wage growth was also lower; stocks rise on the news; Treasury Secretary Janet Yellen says democracy is under threat.
Published 05/03/24
Stocks rise; compensation outpaces productivity; slowdown could push prices higher; imports fall.
Published 05/02/24
Relief on Wall Street when Fed Chair Jerome Powell says a hike in interest rates is unlikely; Labor Department data points to continuing tightness in the labor market; Peloton lays off about 15% of its workforce.
Published 05/02/24
Stocks close mixed; Powell says Fed prepared to keep rates unchanged for as long as it needs to; job openings hold steady; manufacturing sector contracts.
Published 05/01/24
Job openings and quits changed little month over month; Fed expected to leave interest rates unchanged in anticipated announcement today; CVS Health quarterly profit halved due to Medicare Advantage costs; Amazon profits soar with more cloud computing, ad revenues.
Published 05/01/24
Stocks fall; wage increases could be putting pressure on prices; consumer confidence declines; home prices rise.
Published 04/30/24
The Employment Cost Index advanced 1.2% in Q1; the Case-Shiller home price index advanced 6.4%; consumer confidence is at lowest levels in two years; Walmart exits health clinic business.
Published 04/30/24
Stocks close higher; FCC says location information was shared illegally; several labor market reports due this week; Federal Reserve’s Open Market Committee meets on Tuesday and Wednesday.
Published 04/29/24
House and Senate negotiators have agreed to a sweeping bill to reauthorize the Federal Aviation Administration; Supreme Court turns back Musk’s challenge of Tesla settlement with SEC; McDonald’s, other restaurant chains set to report earnings.
Published 04/29/24
Stocks close higher; services prices drive 12-month increases; consumer spending up in March; consumer sentiment flat so far this year.
Published 04/26/24
The Fed’s preferred inflation gauge advanced 2.7% on an annual basis; Fed policymakers expected to leave interest rates unchanged next week; Global oil giants report lower profits; Capital One profits jump thanks to more interest income.
Published 04/26/24
Stocks fall; consumer spending slows from prior quarter; inflation nearly doubles fourth quarter pace; pending home sales rise.
Published 04/25/24
GDP grew by a lower than expected 1.6%; Initial jobless claims fell to 207,000 last week; Pending home sales rose 3.4% in March; Meta spending on AI triggers selloff in shares.
Published 04/25/24
Stocks close mixed; Boeing slows production of 737 MAX planes; mortgage rates at highest level since November; durable goods orders rise.
Published 04/24/24
Congress passed the measure, and Biden has vowed to sign it; Tesla profit falls in Q1; Boeing reports $355 million quarterly loss; Norfolk Southern report meager profit after train derailment settlement; Visa revenues beat forecasts as consumers spent; Labor Department increases overtime eligibility.
Published 04/24/24
Stocks rise; FTC says noncompete clauses suppress wages and innovation; business activity expands at a slower pace; new home sales rise.
Published 04/23/24
UnitedHealth Group is reporting a potentially major hack; GM Q1 revenues rise 7.6%; PepsiCo sales rise 2% amid more price hikes; Tesla investors await details on future plans.
Published 04/23/24
Stocks rise; input cost pressure eases, boosting profits; Verizon revenue ticks up; major tech companies report earnings this week.
Published 04/22/24