MARKET
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SEC Twitter hack: Here’s how to protect your own account on X
Recent hacks of high-profile accounts on X, formerly Twitter, are putting a spotlight on the social-media platform’s security — and serving as a reminder that every user should take steps to protect their own accounts. The Securities and Exchange Commission and even cybersecurity firm Mandiant have recently seen their X accounts compromised. On Tuesday, the SEC’s account posted a fake tweet about…
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Investors kick off busy week that could set the tone on stocks, crypto in 2024
Sure, stocks weren’t so sure-footed as they started out of the gate for 2024, but the first full trading week of the new year may be the one that sets a tone across markets for the coming year. After all, the question of whether inflation has been tamed — or whether it will stay tamed — remains a crucial one…
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With restaurant prices likely to drop in 2024, here’s why Yum’s stock may be a better buy than McDonald’s
After pandemic lockdowns in 2020 that shuttered many restaurants, followed by price increases throughout 2022 and 2023, Oppenheimer analysts on Friday said 2024 would be a year of “normalization” for the industry, with easing costs and lower prices on menus. However, they said, the cost of dining out will likely stay above historical levels. “Menu pricing across the industry is…
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‘He broke down in tears’: I gave my contractor $100,000, but he used it to pay off his debts. What chance do I have of getting my money back?
I’m in a home-renovation nightmare. My interior designer accepted $100,000 in payments for appliances, cabinets, flooring, fixtures and hardware but never paid the vendors for those items. When confronted he broke down in tears, and confessed that he needed to use the money on other business expenses. Meanwhile, my project is at a standstill and I’m left living in expensive…
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Opinion: Work is more dangerous for young people. Here’s what employers can do about it.
Think about your first job. Maybe it was delivering pizza, bagging groceries, busing tables or doing landscaping work. Did you get enough training to avoid potential injuries? Chances are, you didn’t, and your boss or supervisor just told you to get to work. Employing young people helps them in many ways. They can learn a trade, develop job skills, become more…
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Opinion: Ed Yardeni: 12 reasons stock investors will see the S&P 500 hit 5,400 in 2024
Earlier this month, Barron’s highlighted the 2024 S&P 500 SPX targets for six investment strategists including yours truly. Our target is the highest at 5,400, based on projected S&P 500 earnings per share of $250 next year. Morgan Stanley’s Mike Wilson has the lowest numbers at 4,500 for the index’s price target and $229 for earnings per share. In last year’s survey by Barron’s, we…
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A ‘Santa Claus rally’? Why investors should dial back their expectations.
Almost as predictable as the big jolly man himself, many on Wall Street are eagerly waiting for the so-called “Santa Claus rally” to further fuel stock-market gains that have already put investors in a holiday mood. As defined by the Stock Trader’s Almanac, the Santa Claus rally refers to the stock market’s tendency to rise during the last five trading…
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Nike eyes $2 billion in cost cuts in effort to ‘streamline’ amid softer outlook
Nike Inc. on Thursday said it was looking for ways to save $2 billion over the next three years, in an effort to “streamline” the company following what it said was a “softer second-half revenue outlook.” Nike NKE, +0.91% said that the savings could come from simplifying its product selection and using more automation and technology. But the athletic-gear giant…
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Federal Reserve stirs hope of less carnage in commercial real estate in 2024
Hopes for a Federal Reserve pivot to rate cuts have given the battered U.S. commercial real-estate market a shot in the arm ahead of a wave of debt coming due next year. Long-term rates, evidenced by a sharp easing of the 10-year Treasury yield since October, were on a path lower before the Fed last week signaled a pivot to…
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Quaker Oats recalling dozens of Chewy Bars and cereals over salmonella fears
Get these Quaker Oats treats out of your house. So says PepsiCo-owned PEP, -0.74% Quaker Oats Company, which on Friday issued a voluntary recall warning that dozens of its granola bars and granola cereals could be contaminated with salmonella, a bacterial organism that can cause serious and sometimes fatal infections in young children and frail or elderly people, as well as…
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