Analyst news

• Tax Guy: I’m getting $285,000 from my ex-spouse’s 401(k). I want to pay my children’s credit-card debt and student loans. Will I have to pay tax?

  09-11-2023 23:18
  Dear Tax Guy,I’m expecting to receive $285,000 in a divorce settlement from my soon-to-be ex-spouse’s 401(k). I would like to help one of our children with their $7,000 student-loan debt, and another child with their $18,000 credit-card debt.Am I able to gift them this money without having to be taxed to death? Tax-Planning Parent Dear Parent,After the ordeal of divorce, here’s some good news: You can help your kids, but there will be taxes to be paid along the way.  In 20
  
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• Distributed Ledger: Bitcoin and ether rally on ETF optimism, sparking hope of a ‘crypto spring’

  09-11-2023 23:18
  Welcome back to Distributed Ledger. This is Frances Yue, reporter at MarketWatch. Bitcoin BTCUSD, -0.05%had another leg up this week, as Thursday marked the start of an eight-day window for the Securities and Exchange Commission to “theoretically issue approval orders” for pending spot bitcoin ETF applications.Ether ETHUSD, +1.37%also rose, as BlackRock appeared to have taken the first steps toward an ether ETF, with the website for Delaware’s Division of Corporations showing t
  
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• ETF Edge: Heightened rate volatility points to these opportunities in stocks, bonds for ETF investors, says State Street’s Michael Arone

  09-11-2023 23:05
  Hello! For this week’s ETF Wrap, I spoke to Michael Arone, chief investment strategist for the U.S. SPDR business at State Street Global Advisors, for his view of markets and where ETF investors may look for opportunities at this stage of the Federal Reserve’s interest rate-hiking cycle. Please send feedback and tips to [email protected] or [email protected]. You can also follow me on X at @cidzelis and find me on LinkedIn. Isabel Wang is at&n
  
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• Earnings Results: Groupon’s stock craters after earnings as CEO says business ‘continues to be challenged’

  09-11-2023 23:03
  Groupon Inc. shares were tumbling more than 20% in Thursday’s extended session after the discounting marketplace announced a new rights offering and acknowledged “challenged” business conditions. The company said in a Thursday afternoon release that its board approved an $80 million fully backstopped rights offering to all holders of its common stock. The rights offering will occur through the distribution of nontransferable subscription rights to purchase common stock at a pri
  
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• The Margin: Veterans Day 2023: Are banks closed on Friday? Does mail run?

  09-11-2023 22:43
  There are plenty of closures to be aware of this Veterans Day. But when is the holiday being observed, exactly?  It’s a question spurring plenty of Google searches this week. Nov. 11 marks Veterans Day, a federal holiday in which Americans recognize those who have served in the U.S. armed forces. And because the holiday falls on a Saturday, the holiday is set to be observed on Friday, Nov. 10, according to the U.S. Department of Veterans Affairs.In some instances, many businesses and
  
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• Earnings Results: Plug Power’s stock plunges 12% as company sees ‘unprecedented supply challenges’

  09-11-2023 22:38
  Shares of Plug Power Inc. dropped more than 12% in the after-hours session Thursday after a wider loss and a revenue miss for the fuel-cell company, which said it faced “unprecedented supply challenges.”Plug Power PLUG, -1.50%lost $283.5 million, or 47 cents a share, in the third quarter, compared with a loss of $170.8 million, or 30 cents a share, in the year-ago quarter. Revenue rose to $199 million, from $189 million a year ago, the company said.Analysts polled by FactSet expected
  
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• Cannabis Watch: Bettering Co. takes aim at New York and New Jersey with premium edibles as legal cannabis market grows slowly

  09-11-2023 22:33
  Bettering Co. co-founder Mark Cozzi is working methodically to roll out the start-up company’s line of premium edibles, despite the slow pace of legal store openings in New York. While that state currently has only 27 licensed recreational cannabis shops, compared with thousands of unlicensed and unregulated pot shops, Cozzi sees opportunity ahead.“I am a tortoise and not a hare,” Cozzi told MarketWatch, speaking about his more patient approach to the business and his
  
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• : Disney’s stock clinches best day in almost three years

  09-11-2023 22:33
  Walt Disney Co.’s stock DIS, +6.91%rose 6.9% in Thursday trading to record its best day in nearly three years.The stock registered its largest one-day percentage gain since Dec. 11, 2020, when it rose 13.6%, according to Dow Jones Market Data. Shares were the best performer in the Dow Jones Industrial Average DJIA, -0.65%and the second-best performer in the S&P 500 SPX.Thursday’s rally followed Disney’s upbeat earnings report an afternoon earlier.Read: Disney may be on the
  
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• Market Snapshot: Dow sheds 220 points, S&P 500 snaps win streak after Fed’s Powell says higher rates may be needed

  09-11-2023 22:21
  U.S. stocks closed near the session’s low Thursday, after a poor Treasury debt auction and after Federal Reserve Chair Jerome Powell warned higher interest rates might be needed to tame inflation. That put an end to the S&P 500’s longest winning streak in two years.How stock finished Dow Jones Industrial Average DJIAshed 220.33 points, or 0.7%, ending at 33,891.94, after touching a session low of 33,859.77 in afternoon trade. S&P 500 SPXfell 35.43 points, or 0.8%, closing at
  
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• The Ratings Game: For Virgin Galactic, faster revenue generation is coming — ‘just not anytime soon,’ says one analyst

  09-11-2023 22:16
  Virgin Galactic Holdings Inc. fleshed out its near-term growth strategy when it reported third-quarter results Wednesday, laying out the roadmap for its new Delta Class spacecraft. The Delta spacecraft will begin flight tests in 2025 and enter service in 2026. Unlike the company’s current Unity spacecraft, which has four seats for paying passengers, the Delta spacecraft will have six seats, and will be capable of making up to eight spaceflights a month, significantly more than Unity’
  
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• : These Myspace founders have an AI startup

  09-11-2023 20:24
  The co-founders of Myspace, who helped usher in the age of social media, have turned their sights to a new twist: an AI product that turns text into three- to four-second video clips. “This is the first and only product that lets you create cinematic quality clips with your likeness,” Plai Labs chief executive Chris DeWolfe said in an interview. “This company follows the course of what we have done since Myspace in communicating via social media and mobile gaming at Jam City.&l
  
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• Market Snapshot: Dow falls 200 points as Fed’s Powell says higher rates may be needed, with Treasury auction weak

  09-11-2023 20:21
  U.S. stocks fell to session lows Thursday afternoon, after a weak Treasury auction and Federal Reserve Chair Jerome Powell said higher interest rates might be needed to tame inflation. That jeopardized the S&P 500’s longest winning streak in two years.How are stock trading Dow Jones Industrial Average DJIAwas down 217 points, or 0.6%, at 33,891, after touching a session low of 33,875.97 in afternoon trade. S&P 500 SPXfell 31 points, or 0.7%, at 4,351. The Nasdaq Composite COMPfell
  
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• Earnings Results: There’s strong demand for education jobs, but not for technology, Kelly says

  09-11-2023 20:17
  Strong demand for education jobs was a lone bright spot in a job placement market that was worse than expected in the third quarter, staffing services company Kelly Services Inc. said. “As we shared in August, our expectation assumed no change to the market conditions we faced in the second quarter,” said Chief Executive Peter Quigley in a conference call with analysts, according to an AlphaSense transcript. “In fact, macroeconomic headwinds in the third quarter proved to
  
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• Bond Report: 30-year Treasury yield heads for biggest one-day jump since June 2022 after poor auction

  09-11-2023 20:15
  The 30-year Treasury rate headed for its biggest one-day jump in more than a year on Thursday after a government bond auction drew weaker- than-expected demand. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Yadvanced 2.5basis points to 4.961% from 4.936% on Wednesday.The yield on the 10-year Treasury BX:TMUBMUSD10Ywas up 8.3 basis points at 4.605% versus 4.522% Wednesday afternoon. The yield on the 30-year Treasury BX:TMUBMUSD30Yclimbed up to 15 basis points to as high as
  
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• Lawrence G. McMillan: After a rally for the record books, the S&P 500 now is looking for direction 

  09-11-2023 20:06
  The stock market, as measured by the S&P 500 Index SPX,has rallied to the top of its downtrend. On the accompanying SPX chart, one can see the red lines defining the lower highs and lower lows that make up the downtrend in SPX. SPX has rallied to nearly the upper red line, which is now at about 4400. A breakout above there would be positive.Furthermore, the circle on the chart shows the gap that was left in September. If that gap is closed, it would be another positive for SPX. The gap would
  
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• The Fed: Powell says Fed is wary of ‘head fakes’ from inflation

  09-11-2023 20:00
  Federal Reserve officials are “gratified” with the progress made so far on bringing down inflation, but are not yet confident that interest rates are high enough to bring inflation down to 2% target over time, Fed Chairman Jerome Powell said Thursday. “We know that ongoing progress toward our 2% goal is not assured: Inflation has given us a few head fakes,” Powell said, in remarks on a panel at the International Monetary Fund.Powell said the Fed “will not hesitate&r
  
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• The View From Unretirement: These Gen X and boomer Americans are doing amazing things in the second half of life

  09-11-2023 19:38
  You may have heard of Disney’s “imagineers” — the creative geniuses behind the immersive experiences at Disney World and Disneyland. But I bet you haven’t heard of America’s “re-imagineers.” If you’re in your 50s or 60s, however, there’s a one-in-three chance you may be one.So says Michael Clinton, author of “Roar” and founder of the business intelligence platform ROAR forward, who just unveiled a survey of the roaring 50- t
  
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• IPO Report: Arm, Instacart and Klaviyo’s earnings are another reason for IPO buyers’ remorse

  09-11-2023 19:28
  First their initial public offerings fizzled in the days following their debuts. Now their earnings have disappointed. This week’s crop of earnings from three companies that recently went public — chip designer Arm Holdings PLC ARM, -6.08%,grocery-delivery app Instacart CART, -9.85%and digital ad company Klaviyo Inc. KVYO, -6.37%— fell short in one way or another to put fresh pressure on prices that are below or barely above their IPO pricing levels. The moves are unlikely to e
  
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• Key Words: Social Security in peril? Mitt Romney vows ‘promises will be kept’ in response to debt-commission concerns.

  09-11-2023 19:19
  “‘The reality is not everything is on the table because neither one of us and nobody else is talking about changing our entitlements for retirees or people nearing retirement.’ ” — Sen. Mitt Romney during a CNBC segment Social Security’s moment in the spotlight continues.  Sen. Mitt Romney, a Utah Republican, and Sen. Joe Manchin, a West Virginia Democrat, said during a CNBC segment Thursday that they don’t intend to cut benefits for curre
  
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• Mark Hulbert: This Dow stock went from worst to first in one year — and here are 13 candidates just like it for 2024

  09-11-2023 19:10
  “In-favor stocks tend to fall out of favor, and vice versa.”Stocks’ yearly performance rankings are a field day for contrarians: One year’s worst often are the subsequent year’s best, and vice versa. Consider Nvidia NVDA, +0.57%,which is by far the best-performing stock this year among those in the S&P 500 SPX— up 214.6% through Nov. 7, according to FactSet. Last year Nvidia was among the worst— down 50.3% and underperforming 475 of the other stocks
  
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• IPO Report: Big fintech company Black Box sits out IPO market as bankers tout pent up deal demand

  09-11-2023 16:56
  The Chief Executive of Black Banx Group Holdings Ltd, a digital banking and crypto currency specialist with $1.5 billion in third-quarter revenue, plans to float an initial public offering of company stock but says the time isn’t right for now. Michael Gastauer, who founded Black Banx in 2017 and built it up to more than 5,100 employees and 33 million customers worldwide, said he remains on the sidelines for now for a potential stock listing.“We are planning to go public as soon as t
  
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• Movers & Shakers: AMC shares slide on $350 million stock offer while Walt Disney’s stock jumps on spike in streaming customers

  09-11-2023 16:55
  Here are some of the biggest movers of the day. Stock gainers: Walt Disney Co.’s stock DIS, +7.57%jumped 7% after the media company reported a spike in streaming customers and better-than-expected earnings.Shares of Virgin Galactic Holdings Inc. SPCE, +28.53%soared more than 27% after the space-tourism company narrowed its quarterly loss, more than doubled its revenue and said it expects to beat analysts’ expectations in the fourth quarter. Shares in AstraZeneca PLC AZN, +1.60%increa
  
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• : Trend tracking CTA hedge funds suffer as stock and bond markets rally

  09-11-2023 16:55
  Trend tracking CTA hedge funds, which seek to trade on momentum in market movements, have failed to cash in on the recent market rally that has seen stock and bond prices soar, While markets have rallied in recent weeks, CTA funds have struggled.The HFRX diversified CTA index has dropped 2.5% this month, while the iShares 20+ year Treasury bond ETF TLThas gained 6%, and the S&P 500 SPXhas added 4%. In 2022, CTA funds surged, with the SG CTA index rising 20%, as they capitalized on clear mark
  
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• In One Chart: Rare stock-market event? Here’s how many times the S&P 500 has seen a 9-day winning streak in the last 95 years.

  09-11-2023 16:50
  Stock-market bulls are attempting to push the S&P 500 index to its ninth straight winning session Thursday, which would mark its longest streak of gains since 2004.Such an event, however, might not be quite as rare as it seems, but if the run continues beyond Thursday it could garner some celestial comparisons, said Deutsche Bank strategist Jim Reid, in a note.In his “chart of the day,” Reid notes that going back to 1928, the S&P 500 SPXand its precursors have seen 31 nine-da
  
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• : Shell sues Greenpeace for $2.1 million after protests in the North Sea

  09-11-2023 16:32
  Oil giant Shell is suing Greenpeace for $2.1 million after activists boarded a ship transporting a platform to the North Sea in January.“The legal costs to secure two court injunctions to prevent further boarding were significant.  So were the costs for the companies who had to deal with the action at sea, for example by mobilizing an extra safety vessel and increasing security at the port,” a Shell SHELL, +0.53% SHEL, +0.71% SHEL, +1.20%spokesman said in a statement to MarketWa
  
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• Market Snapshot: U.S. stocks turn lower as S&P 500 struggles to keep winning streak alive

  09-11-2023 16:31
  U.S. stocks wavered between marginal gains and losses on Thursday as investors awaited remarks by Federal Reserve Chair Jerome Powell, while the S&P 500 struggled to keep its longest winning streak in two years alive.Closing in the green would see the index clinch its longest winning streak in nearly two decades, FactSet data show.How are stock trading The S&P 500 SPXgained 3.5 points, or 0.1%, to 4,386. The Dow Jones Industrial Average DJIAwas flat at 34,112. The Nasdaq Composite COMPga
  
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• TaxWatch: 5% CDs and savings accounts are great, but ‘you’re going to have to pay a lot of that back in taxes.’ Here’s how to prep.

  09-11-2023 16:30
  From titans of finance to mom-and-pop investors, it’s easy to see why more people have been drawn to cash as interest rates have climbed and remain high. What these rate chasers may not like — and what some may not be ready for — is the coming tax bill.Prepping for the tax consequences of interest income has re-emerged recently on financial planners’ to-do lists, according to experts at banks, wealth advisory firms and major accounting firms. “We haven’t seen
  
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• Futures Movers: Oil bounces after 2-day drop to nearly 4-month lows

  09-11-2023 16:06
  Oil futures traded higher Thursday, shaking off data that pointed to weak Chinese consumer demand to move up after a two-day drop that left crude at its lowest since mid-July.Price action West Texas Intermediate crude CL00, +0.74%for December delivery CL.1, +0.74% CLZ23, +0.74%rose 91 cents, or 1.2%, to $76.24 a barrel on the New York Mercantile Exchange. January Brent crude BRN00, +0.93% BRNF24, +0.93%,the global benchmark, was up 99 cents, or 1.2%, at $80.53 a barrel on ICE Futures Europe. Dec
  
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• The Moneyist: I paid off $57,000 of my boyfriend’s mortgage. We married, but now he wants a divorce — and this property.

  09-11-2023 16:02
  Dear Quentin,I got myself into a real doozy.  I made $57,000 in loan payments on my now husband and then boyfriend’s house. He was going to let his place get foreclosed on, but since I had already spent quite a bit of money helping him out, I didn’t want that to happen. Our plan was for him to sign the house over to me and my son once his loan was paid in full. We got married.Well, you guessed it: I paid off the loan and now find myself in court because, all of a sudden, he has
  
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• Key Words: Lack of child-care funding destabilizes U.S. families and the economy, Health and Human Services secretary tells Congress

  09-11-2023 15:50
  “Tens, if not hundreds, of thousands of kids and parents in each of your states could lose out on coverage unless Congress commits to additional funds.”  That was Health and Human Services Secretary Xavier Becerra testifying before the Senate Appropriations Committee Wednesday about the need for additional child-care funding. The hearing was in response to a request President Joe Biden made last month for supplemental funding from Congress for crises both in the U.S. and abroad,
  
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• Need to Know: Hedge-fund founder talks flying taxis and stocks to own in a market facing tough quarters

  09-11-2023 13:49
  Can the S&P 500 squeak by with another winning session? Watch for comments from Fed Chairman Jerome Powell to come and another Treasury bond auction. We’re working toward that time of year when Wall Street wizards start rolling out equity forecasts for the year to come. Based on where the S&P 500 SPXstood on Wednesday, less than half are going to be right, though they’ve got nine weeks to turn things around.Our call of the day comes from the founder of the long-biased hedge f
  
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• : AMC’s strong Q3 results lift movie theater stocks

  09-11-2023 13:45
  AMC Entertainment Holdings Inc.’s strong third-quarter results lifted U.S. movie theater stocks Thursday. The movie theater chain and meme stock darling swung to profit and reported positive net income for the second straight quarter after market close Wednesday. AMC’s AMC,stock rose 1.8% in premarket trades Thursday. Related: AMC swings to Q3 profit, reports positive net income for second straight quarterShares of rival Cinemark Holdings Inc. CNK, ,which blew past analysts’ es
  
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• In One Chart: A tech stock breakout defies market bears and signals strength into year-end, analyst says

  09-11-2023 13:43
  Strength in technology stocks as U.S. equities enjoy a bounce off their October lows looks like a breakout that signals the potential for strength into year-end, a technical analyst said Thursday. “After a 12% correction from the July highs, the bears thought tech was finally cracking but the sector has come roaring back with a 10% rally off the lows while clearing levels of key resistance,” said Kevin Dempter, analyst at Renaissance Macro Research, in a note. The Technology Select S
  
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• Pound revealed a secret. Forecast as of 09.11.2023

  09-11-2023 11:54 via litefinance.org
  
  If rates have reached a peak, we need to figure out when they will start dropping, which central banks don't like: market expectations of a "dovish" turn make their life complicated. Let’s discuss that and make a trading plan for GBPUSD.Weekly fundamental forecast for pound sterlingCentral banks are at the finishing line of monetary restrictions and ready to start "hawkish" talks to protect markets against rate-cut expectations, which would loosen financial conditions and prevent them from
  
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• : AstraZeneca hikes earnings forecast as surging cancer drug sales offset plunging revenue from COVID vaccines

  09-11-2023 11:05
  Anglo-Swedish drugmaker AstraZeneca on Thursday upped its earnings forecasts for the year as surging sales of cancer medicines offset plummeting sales of COVID vaccines.  The Cambridge-headquartered company matched analysts’ expectations in posting a 5% uptick in third quarter revenues, to $11.49 billion, compared to the $11.56 billion forecast by 12 analysts, FactSset data shows. Shares in AstraZeneca AZN, +2.73% AZN, -0.13%increased 3% on Thursday with stock in the drugmaker do
  
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• Kelley Blue Book: The 2024 Acura MDX review: Pricing, tech and more for this poised, midsize luxury SUV

  09-11-2023 11:02
  Pros Roomy cabin Great value Refined Cons Awkward infotainment control What’s new? No major changesQuality, ability, and attractive pricing make the 2024 Acura MDX a must-consider for anyone planning to buy a new midsize 3-row luxury SUV. Pricing starts at $49,850. The MDX is a strong contender in a class full of excellent vehicles. As most people know, Acura is the luxury division of Honda HMC, -0.72%,a company whose reputation for reliability and quality is unassailable. Then t
  
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• Next Avenue: I want to believe we can travel together again, but we are aging at a different pace

  09-11-2023 11:01
  This article is reprinted by permission from NextAvenue.org. On the eve of my departure for Austria with a friend, my husband and I sit side by side on the living room couch, sharing a bottle of wine. “Are you excited?” he asks.It’s a simple question. Yet the answer is complicated. Since my early 20s, I’ve routinely traveled abroad at least once a year, sometimes for work, more often for pleasure. Always, I’ve eagerly anticipated those trips, looking forward to
  
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• NerdWallet: This is what travelers want more than perks

  09-11-2023 11:00
  This article is reprinted by permission from NerdWallet. Perks like airline seat upgrades or free food are certainly welcome when it comes to loyalty programs, but travelers want more. For the majority of U.S. travelers, their top loyalty program priority is lower fees. That’s according to the Barclays BCS, -0.15%US Consumer Bank’s 2023 Travel Rewards and Loyalty Report, which surveyed 1,000 U.S. adult travelers online in May.In fact, perks ranked No. 4 in the survey. When asked to c
  
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• Market Snapshot: S&P 500 futures struggle to extend eight-day winning streak ahead of Powell comments

  09-11-2023 10:47
  U.S. stock futures were mixed as benchmark bond yields hovered near six-week lows and traders awaited comments from Fed Chair Jerome Powell.How are stock-index futures trading S&P 500 futures ES00, +0.20%rose 1 point, or 0%, to 4401 Dow Jones Industrial Average futures YM00, +0.26%added 28 points, or 0.1%, to 34201 Nasdaq 100 futures NQ00, +0.05%eased 13 points, or 0.1%, to 15373On Wednesday, the Dow Jones Industrial Average DJIAfell 40 points, or 0.12%, to 34112, the S&P 500 SPXincrease
  
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• : FanDuel parent planning NYSE listing early next year

  09-11-2023 10:24
  The parent company of FanDuel plans to list in the U.S. early next year, as Flutter Entertainment shares slumped on a profit warning. Flutter FLTR, -9.16%said it plans an additional listing on the Intercontinental Exchange’s ICE, +0.88%New York Stock Exchange in the first quarter of 2024, around which time it will delist from the Euronext ENX, +3.66%Dublin, while still maintaining its listing on the London Stock Exchange. Flutter had previously said it was considering a U.S. listing, and f
  
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• : Nvidia reportedly launching chips for China market

  09-11-2023 09:08
  Nvidia is reportedly launching three microchips specifically for China, after getting blocked by the U.S. government from selling high-end chips there. The Star Market Daily said three chips from Nvidia for China will be announced as early as next week, according to a Reuters report. In October, Nvidia disclosed that seven of its microchips were restricted from being exported to China. Nvidia said the licensing requirement may impact the company’s ability to complete development of product
  
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• USD should thank Fed. Forecast as of 09.11.2023

  09-11-2023 08:02 via litefinance.org
  
  Has the Fed contributed to a sharp inflation decline? Or maybe prices are falling on their own due to solving problems with supply disruptions and depletion of fiscal incentives? How does this affect the EURUSD? Let's discuss this topic and make up a trading plan.Weekly US dollar fundamental forecastThe lower the inflation growth rate falls, the more talk in the market that this is happening on its own. The main reason for the PCE index slowdown is a recovery in supply, not a decline i
  
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• Short-term analysis for oil, gold, and EURUSD for 09.11.2023

  09-11-2023 07:10 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.The EURUSD tested support (А) 1.0672 - 1.0663.Oil price forecast for today: USCrude analysisThe oil price continues falling. It broke out the Gold Zone 76.41 - 76.08 yesterday. The next downside target is Target Zone 2, 73.11 - 72.45.One could
  
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• Short-term forecast for BTCUSD, XRPUSD and ETHUSD 09.11.2023

  09-11-2023 06:33 via litefinance.org
  
  I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.Elliott wave Bitcoin analysisBitcoin continues to form an impulse wave [A]. Inside it, horizontal correction (4) is currently unfolding. This correction can take the shape of an inclined triangle A-B-C-D-E. Wave D has been completed. The price will soon decline in the final wave E. In the current situatio
  
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• : Republican debate recap: Nikki Haley and Vivek Ramaswamy spar over heels and TikTok, Ron DeSantis blasts the Fed

  09-11-2023 04:46
  The third Republican presidential debate saw the five remaining major GOP contenders, once again sans Donald Trump, taking the stage in Miami to discuss foreign policy and the Israel-Gaza conflict, how inflation and the rising cost of living is pinching many Americans — and whether to ban TikTok. But let’s be honest: The most viral parts of the night involved Nikki Haley and Vivek Ramaswamy trading barbs.The five Republicans who qualified for round three included former New Jers
  
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• Key Words: ‘Rich people should not be collecting Social Security,’ Chris Christie says at GOP debate

  09-11-2023 04:30
  ““I don’t know if you’re watching, Warren. I don’t know if Warren Buffett has collected Social Security, but if he is, shame on you.” ” — Chris ChristieFormer New Jersey Gov. Chris Christie had a message for Warren Buffett and anyone else considered ultra-wealthy: You’re wrong to claim Social Security benefits.  “The fact is on Social Security, it was established  to make sure that no one wo …
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• : Haley, Christie open to raising Social Security retirement age

  09-11-2023 04:26
  Social Security’s pending insolvency grabbed attention at the Republican presidential debate Wednesday night, with some candidates saying they would be willing to raise the full retirement age for young people just starting out. “We have to raise the retirement age,” said former New Jersey Gov. Chris Christie. “I have a son who’s in the audience tonight, who’s 30 years old. If he can’t adjust to a few years increase in Social Security retirement age over
  
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• : DeSantis promises to ‘rein in’ the Fed to fight inflation, as Scott says he’d bring back Keystone XL pipeline

  09-11-2023 04:04
  The participants in Wednesday night’s Republican presidential debate offered proposals for addressing inflation, with Florida Gov. Ron DeSantis taking aim at the Federal Reserve and Sen. Tim Scott bringing up an oil pipeline blocked by the Biden administration. DeSantis said he would trash the executive orders and regulations tied to “Bidenomics” on his first day in the Oval Office to “give the economy breathing room.”“I’m also going to rein in the Feder
  
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• Dow Jones Newswires: China’s consumer prices fall in October

  09-11-2023 03:30
  China’s consumer prices fell in October, signaling weakness in domestic demand, according to official data. The consumer-price index fell 0.2% in October from a year earlier after staying flat in September, the National Bureau of Statistics said Thursday. A Wall Street Journal poll of economists had tipped a 0.1% decrease.Meanwhile, China’s producer-price index for October dropped 2.6% from a year earlier, compared with September’s 2.5% fall. The survey of economists had expect
  
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• MarketWatch First Take: Disney CEO Bob Iger is getting his hands dirty as he focuses on studio woes — will be it enough?

  09-11-2023 03:02
  Walt Disney Co. Chief Executive Bob Iger appears to be making good progress in his turnaround efforts at the Magic Kingdom, and is now getting his hands dirty to fix the content problem at its studios. On Wednesday, Disney DIS, -0.11%reported better-than-expected quarterly earnings, in part due to a huge increase in subscribers to its Disney+ streaming service. Revenue came in slightly below the consensus on Wall Street, but investors were likely also buoyed by news that the entertainment giant
  
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