This article discusses the recent turbulent movements in the bond market, which have raised concerns about a potential recession, housing, banking, and the fiscal sustainability of the U.S. government. The central focus of this turmoil is the 10-year Treasury yield, a critical financial benchmark. The yield represents the borrowing costs for bond issuers and has… Continue reading Why borrowing costs for nearly everything are surging, and what it means for you

In September, the U.S. job market demonstrated robust growth, surpassing expectations and indicating the resilience of the American economy in the face of various challenges such as higher interest rates, labor disputes, and political turmoil in Washington. The U.S. Labor Department’s report revealed that nonfarm payrolls increased by 336,000 for the month, exceeding the Dow… Continue reading Payrolls soared by 336,000 in September, defying expectations for a hiring slowdown

Streaming platforms are increasingly targeting live sports rights to expand their audiences, particularly in the Spanish-speaking market. Companies catering to Hispanic audiences, like TelevisaUnivision and Canela Media, are acquiring sports rights and content. Traditional English-language streamers, such as NBCUniversal’s Peacock, Disney’s ESPN+, and Amazon’s Prime Video, are also offering simulcast content in Spanish. This strategy… Continue reading Streaming companies chase Spanish-language sports rights to capture growing Hispanic viewership

Clorox’s stock saw an over 8% decline after the company reported that a cyberattack in August significantly impacted its sales and profits for the previous quarter. While the company stated that it had contained the hack and was gradually returning to normal operations, it continued to deal with the consequences. Raymond James downgraded the stock… Continue reading Clorox shares slide after company says cyberattack hit sales hard

Brookfield Asset Management Ltd. will publish its financial results for the third quarter of 2023 on Monday, Nov. 6, 2023, prior to 7 a.m. (ET). These results will be made available on the company’s website. The company will host an earnings conference call and webcast to review its results and operations beginning at 11 a.m.… Continue reading BROOKFIELD ASSET MANAGEMENT LTD. SETS THIRD QUARTER 2023 RESULTS CONFERENCE CALL

Rivian Automotive, an electric vehicle (EV) manufacturer, saw a significant drop in its stock price after announcing plans to offer $1.5 billion in convertible notes and providing a preliminary estimate of its third-quarter revenue. The company’s shares fell by 16% in early trading. In a regulatory filing, Rivian stated that it expects its third-quarter revenue… Continue reading Rivian shares sink 16% after the EV maker said it plans to raise $1.5 billion

In summary, the article explores the idea of investing Social Security funds in stocks as a potential solution to address the program’s financial challenges, but experts highlight the practical difficulties and risks associated with this approach. The discussion surrounding Social Security’s future funding includes debates about benefit cuts, tax increases, and investment strategies. For full… Continue reading With Social Security trust funds ‘rapidly heading to zero,’ some ask whether the money should be invested in equities

The U.S. labor market remained robust as September concluded, with weekly jobless claims staying near recent lows, according to the Labor Department’s report. Initial filings for unemployment benefits reached a seasonally adjusted 207,000 for the week ending September 30, showing a modest increase of 2,000 from the previous period and coming in below the Dow… Continue reading U.S. jobless claims increase slightly to 207,000 for the week

Default (GPT-3.5) can you write me a summary of this article: Constellation Brands on Thursday reported earnings and revenue that topped analysts’ expectations for its fiscal second quarter of 2024. The Mexican beer powerhouse, owner of the Modelo Especial and Corona Extra brands, reported double-digit sales growth in its beer business as the division continues… Continue reading Rolls-Royce CEO Torsten Muller-Otvos retires after boosting sales six-fold

Constellation Brands, the Mexican beer giant behind brands like Modelo Especial and Corona Extra, has reported strong financial results for its fiscal second quarter of 2024. The company witnessed double-digit sales growth in its beer division, maintaining its dominance in the beer and high-end beer markets. In contrast, sales of wine and spirits saw slower… Continue reading Constellation Brands beats on earnings as Modelo-fueled beer momentum continues

Republican leaders have removed former House Speaker Nancy Pelosi and ex-Majority Leader Steny Hoyer from their long-held Capitol hideaway offices without providing an explanation. The eviction came after the House voted to oust Kevin McCarthy as its speaker, and every Democrat present supported the move. Pelosi and Hoyer were informed that their second offices within… Continue reading House GOP boots Pelosi, Hoyer from House hideaways after Speaker Kevin McCarthy ouster

The Walt Disney Company is introducing new limited-time discounts for children’s tickets at its Disneyland and Disney World theme parks. Starting on October 24, parents can purchase children’s tickets for the Disneyland resort in California for as low as $50 each, valid for kids aged three to nine, with usability between January 8 and March… Continue reading Disney is discounting child tickets at U.S. parks as industry attendance lags