Procter & Gamble shares were down sharply early in Friday’s session after the consumer products giant reported a mixed quarter. We viewed the action as a bit of profit-taking — and not a reflection of the results. The stock entered the session on a four-day winning streak while the broader […]
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By 2054, there will be 422,000 Americans over age 100. That poses a financial challenge
Artur Debat | Moment | Getty Images The number of centenarians in the U.S. is poised to balloon in coming decades. That longevity poses a big financial challenge for households. By 2054, there will be an estimated 422,000 Americans age 100 and older — more than four times the 101,000 […]
Here’s why it could be better to buy Series I bonds before May, experts say
dowell | Moment | Getty Images While the annual rate for newly purchased Series I bonds could fall below 5% in May, the assets may still appeal to long-term investors, experts say. Investors currently earn 5.27% annual interest on new I bonds purchased before May 1. Some experts predict the new […]
Man sets himself on fire outside Trump trial courthouse in New York
Fire extinguishers (R) are left at the park across from Manhattan Criminal Court in New York City after a man reportedly set himself on fire during the trial of former U.S. President Donald Trump, in New York City on April 19, 2024. Angela Weiss | AFP | Getty Images A […]
Citadel Securities blasts Trump Media CEO Devin Nunes over DJT short selling letter
Devin Nunes, chief executive officer of Truth Social, speaks during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, US, on Thursday, March 2, 2023. Al Drago | Bloomberg | Getty Images Citadel Securities ripped Trump Media CEO Devin Nunes on Friday for a letter he sent the Nasdaq […]
Trump trial: Jury filled for hush money case, opening arguments possible Monday
Former U.S. President Donald Trump sits in Manhattan Criminal Court for his trial for allegedly covering up hush money payments, in New York City on April 19, 2024. Spencer Platt | Via Reuters A full panel of 12 jurors and six alternates was selected Friday for the New York criminal […]
Fed’s Goolsbee says ‘more sniffing’ may be needed before rate cuts
Chicago Federal Reserve Bank President Austan Goolsbee speaks at the Council on Foreign Relations in New York, U.S., February 14, 2024. Staff | Reuters “If you take a broad view, inflation got way above where we were comfortable with and it’s down a lot,” he said. The first three readings […]
Drone startup Zipline hits 1 million deliveries, looks to restaurants as it continues to grow
Autonomous delivery drone startup Zipline said Friday that it hit its 1 millionth delivery to customers and that it’s eyeing restaurant partnerships in its next phase of growth. The San Francisco-based startup designs, builds and operates autonomous delivery drones, working with clients that range from more than 4,700 hospitals, including […]
Bitcoin halving isn’t a big deal for long-term investors, but may have a ‘huge’ impact on one key group, says Columbia professor
Bitcoin’s “halving” is expected to happen soon. But its potential impact depends on your relationship to the coin; it’s likely to affect miners and investors differently. “To the people who own bitcoin because they think it’s a good store of value, this halving is not that big of a deal. […]
Something strange has been happening with jobless claims numbers lately
A “Now Hiring” sign is displayed on a shopfront on October 21, 2022 in New York City. Leonardo Munoz | View Press | Corbis News | Getty Images Calling the state of the U.S. jobs market these days stable seems like an understatement considering the latest data coming out of […]