News
Vintage Mercedes Sells for $143 million
Mercedes-Benz confirmed it sold the world's most expensive car ever after a highly unusual invitation-only auction at the Mercedes-Benz Museum...
Tesla Loses Spot on S&P 500 ESG Index
The S&P 500 index focus on companies excelling at ESG has removed Tesla from the “green” index. “While Tesla may...
Retailers Earnings Reinforce Inflation Fears
Top U.S. retailers reporting results lower than expected and a growing inventory problem was a bad signal for markets and...
Biden Invokes Defense Production Act to Ease Baby Formula Shortage
After weeks under increasing pressure to address the problem, President Joe Biden is invoking the Defense Production Act to ease...
U.S. Soccer Federation Announces Equal Pay Deal
The U.S. women’s national soccer team just achieved what can be the most meaningful victory in its illustrious legacy, after...
Target Reports a 52% Drop in Profit
Target reported a 52% drop in profit for the first quarter, falling by far Wall Street’s expectations. Just as other...
Powell Says the Fed Will Not Hesitate to Keep Raising Rates
Federal Reserve Chair Jerome Powell said he will back interest rate increases until prices start falling back toward the 2%...
Retail Spending Increased 0.9% in April
Despite an ongoing surge in prices April’s retail sales rose about in line with Wall Street expectations. Monthly sales rose...
Dispute Over Twitter Fake Users Escalates
Elon Musk said his $44 billion deal to buy Twitter “cannot move forward” unless the company can prove that less...
Walmart Miss Earnings Expectations Dented by High Inflation
Under pressure from fuel prices, higher inventory levels and overstaffing, Walmart missed its earnings expectations for the fiscal first quarter....
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