MARKET
-
Here’s how Apple could uniquely leverage AI — and send its sagging stock higher
Apple could make it easier for users to engage with AI on their devices thanks to its tightly linked hardware and software ecosystems, says an Evercore analyst. Source link
Read More » -
Amazon CEO Andy Jassy’s $9 million stock sale this week may be cause for caution
Recent transactions by both Amazon’s chief executive and a board member seem linked to the stock’s price, says an expert. Source link
Read More » -
The Dow Transports are lagging. Here’s how that impacts stocks and the economy.
As the other major U.S. stock-market averages have soared to new all-time highs, the Dow Jones Transportation Average DJT has struggled. The index as of March 4 was more than 6% below the all-time high it made back in November 2021 — 28 months ago. Over the past year, the Dow Transports has lagged the broader Dow Jones Industrial Average…
Read More » -
My father died without a will. His wife moved — and I’m paying the mortgage.
My father died in 2021 with no will. He shared a home with his second wife. The house is financed under both their names with a small amount of equity ($40,000). She moved out of state shortly after he died. I moved into the house and have been paying the note since. She can’t afford the monthly payments. I am…
Read More » -
Shoplifting gave Macy’s an ‘excuse’ to close its San Francisco store, union says
Macy’s Inc.’s decision to close its iconic store in San Francisco’s Union Square has thrust the issue of retail theft into the spotlight once again — although the union representing workers at the store thinks that shoplifting may have simply provided an excuse for its closure. “I think it gives them the excuse to do what they wanted to do…
Read More » -
Clothing and electronics retailers report this week, as analyst caution endures
Over the past two years, clothing and electronics haven’t exactly been a big priority for shoppers, as they try to cover higher-priced groceries and gasoline. In the week ahead, results from retail chains like Macy’s Inc., Urban Outfitters Inc., TJX Cos. and Best Buy Co. will offer an update on whether consumer appetites might get any more discretionary this year.…
Read More » -
Fed’s Cook wants ‘greater confidence’ inflation slowing before backing rate cuts
Federal Reserve Gov. Lisa Cook said Thursday that inflation has slowed faster than expected, but central bank officials need “greater confidence” that price pressures are returning to low pre-pandemic norms before cutting interest rates. Cook and a parade of Fed officials in the past few weeks have stressed that the battle against inflation is not over. Rates cut will have…
Read More » -
Trump’s sneakers are already going for up to $45,000. Can they hold their value?
Former president and 2024 Republican contender Donald Trump may potentially be in the hole for $355 million after losing his latest court case. But his newly announced line of Trump-branded sneakers is proving to be a financial hit, at least in the short term. Now, the question remains if the shoe will be a long-term success in the collectibles market.…
Read More » -
Trump backed further into a financial corner after losing control of his company
With Donald Trump’s legal liabilities growing and a presidential campaign to run, losing control of his company couldn’t have come at a worse time. After a New York judge ordered the Trump Organization to pay $364 million in penalties and barred the former president from any role in running a business in New York state for three years, Trump now…
Read More » -
I don’t want my daughters’ husbands to get their hands on my $2 million
My wife and I live in California, as do three of our four grown daughters. We are revisiting our family trust for the first time in many years, as we’re getting older and have gradually built an estate worth a couple of million dollars. We want to make sure that, in case our daughters get divorced, our hard-earned savings go…
Read More »