The odds of extreme cold this winter in the US, Asia and parts of Europe are climbing, threatening to boost energy bills for consumers already grappling with high costs and economic uncertainty. With the season’s start just weeks away, meteorologists see many of the same conditions that led to one of the warmest winters on […]
The US job market has become one of the economy’s biggest question marks. With the government shutdown stretching into its second month, now the longest in US history, investors and government officials have been left flying blind. No jobs report, no JOLTS data, and no clear understanding of how hiring, wages, or participation are actually […]
Gen Z is under financial pressure, and fast-casual chains that thrive with younger consumers are starting to notice. “We’ve seen the macroeconomic headwinds really impact that 25-to-35-year-old guest segment, where last year … they had a lot of tailwinds,” Cava (CAVA) CEO Brett Schulman told Yahoo Finance. “Their frequency to existing restaurants has moderated as […]
(Bloomberg) — Congress showed momentary signs of life in the nation’s longest government showdown, but the hope for a post-election compromise faded quickly, with frustrated senators apparently no closer to an escape plan. Democrats, fresh from a sweep of coast-to-coast victories on Tuesday, scaled back their demands, offering a plan to extend the Affordable Care […]
Electric pickup and SUV maker Rivian said on Friday it was giving its CEO a pay plan worth as much as $4.6 billion over the next decade, a deal similar to Tesla’s record package for CEO Elon Musk, and linked to new profit targets and lower share price milestones than a previous deal. The move […]
The Senate found itself once again gridlocked on Friday and geared up for another weekend of the government shutdown. However, a flurry of proposals and counterproposals offered glimmers of hope that the two sides could be moving toward a compromise. Lawmakers debated multiple options on the Senate floor through the day — from a bill […]
(Bloomberg) — Texas Roadhouse Inc. shares fell in postmarket trading Thursday after the company lifted its forecast for commodity inflation for this year and predicted an acceleration next year. The Louisville, Kentucky-based chain now expects its commodity prices, driven by high beef prices, to rise about 6% in 2025, up from roughly 5% projected last […]
As expected, Tesla (TSLA) announced at its general meeting in Austin, Texas, that shareholders approved CEO Elon Musk’s pay package, which could reach $1 trillion in overall compensation. Tesla said Musk’s package passed with over 75% approval. “I’d like to give a heartfelt thanks to everyone who supported the shareholder votes,” Musk said at the […]
The Supreme Court on Wednesday began its highly anticipated consideration of President Trump’s sweeping blanket tariffs, with the lawyer for the government making an audacious case. Trump’s duties “are not revenue-raising tariffs,” US Solicitor General D. John Sauer argued before the court, calling the tens of billions of dollars currently being brought in each month […]
The “K-shaped” economy, widely touted in the financial press, is the latest expression of wealth inequality. The U.S. economy is experiencing a growing gap between the highest earners and the richest corporations, who are spending and expanding their wealth, and the lowest-income households and mom-and-pop companies, who struggle to pay their bills day to day. […]
Supermicro (SMCI) stock dropped more than 9% in extended trading Tuesday as the AI server maker reported revenue and earnings for the first quarter of its 2026 fiscal year that fell below Wall Street’s expectations. The company reported revenue of $5.02 billion for the first quarter, down from $5.94 billion during the year-ago period and […]
Bank of America (BAC) CEO Brian Moynihan and his top lieutenants aren’t happy with how investors value the nation’s second-largest bank compared to rivals. They’re setting out to change that later this week. The push to boost the bank’s fortunes officially kicks off Wednesday, when investors gather in downtown Boston to hear Moynihan and his […]
