Business
The ‘gold standard’ for holiday purchases has ‘a huge drawback,’ analyst says — but it may still be the best way to pay on Black Friday
Black Friday bargain hunters shop at a Walmart store in New Jersey on Nov. 26, 2021. Tayfun Coskun | Anadolu Agency | Getty Images More Americans are struggling financially just as the peak shopping season kicks into high gear. Yet shoppers will still shell out $1,455, on average, on holiday gifts — in line with […]
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Morgan Stanley says Twitter sentiment needs to turn to stop Tesla’s $500 billion slide
Tesla investors need to hope for calmer waters at Twitter in order to stop the electric vehicle stock’s sharp slide, according to Morgan Stanley. Widely followed analyst Adam Jonas said in a note to clients Wednesday that Tesla CEO Elon Musk’s management of Twitter, which he recently purchased for $44 billion, is hurting the value […]
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Walmart shooting suspect was disgruntled employee, law enforcement source says
Law enforcement work the scene of a mass shooting at a Walmart, Wednesday, Nov. 23, 2022, in Chesapeake, Va. The store was busy just before the shooting Tuesday night with people stocking up ahead of the Thanksgiving holiday. Alex Brandon | AP The suspected shooter in Tuesday night’s massacre at a Virginia Walmart was a […]
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The future of parking is in New York — and it costs at least $300,000 per space
Hidden deep below some of New York City’s most luxurious apartment buildings is an exclusive world of futuristic parking spaces where high-end vehicles are parked and retrieved by robotic parking systems. The high-tech spots are a rare amenity in the Big Apple, and if you want your car to occupy one of these VIP spaces […]
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Mortgage demand rises 2.2% as interest rates decline slightly
A home, available for sale, is shown on August 12, 2021 in Houston, Texas. Brandon Bell | Getty Images Mortgage applications rose 2.2% last week compared with the previous week, prompted by a slight decline in interest rates, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinance applications, which are usually most sensitive to […]
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Hyundai’s best years in the U.S. are set to be tested by the Inflation Reduction Act
Drew Angerer | Getty Images News | Getty Images SAVANNAH, Ga. — Hyundai Motor Group is having its best years ever in the U.S. The South Korean automaker has successfully moved from bargain economy vehicles and dancing hamsters to competing against formidable automakers in the highly profitable American market. The company’s Hyundai, Kia and Genesis […]
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5 things to know before the stock market opens Wednesday
The National Thanksgiving Turkey stands on the South Lawn of the White House in Washington, U.S., November 21, 2022. Evelyn Hockstein | Reuters Here are the most important news items that investors need to start their trading day: 1. All the trimmings It’s the day before Thanksgiving, so Americans are spending more attention on getting […]
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Credit Suisse projects $1.6 billion fourth-quarter loss as it embarks on strategy overhaul
Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Wednesday projected a 1.5 billion Swiss franc ($1.6 billion) fourth-quarter loss as it undertakes a massive strategic overhaul. The embattled lender last month announced a raft of measures […]
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Disney’s ‘Avatar: The Way of Water’ gets coveted China release
Set more than a decade after the events of the first film, “Avatar: The Way of Water” tells the story of the Sully family Disney Disney’s “Avatar: The Way of Water” has landed a coveted release in China, a promising sign for a film that needs big box office sales to offset its massive budget. […]
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Cramer’s lightning round: I still see another bad quarter ahead for Ford Motor
Ford Motor Co: “I still see another bad quarter ahead because they don’t have the right inventory, and then maybe things can get better.” Duolingo Inc: “Everyone I know loves it. … However, it’s not doing well financially, so therefore I’m not going to give it my blessing.” ImmunoGen Inc: “It’s not making money. It’s […]
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