Author: super@dmin
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Earnings Results: Schwab misses profit and revenue marks but adds new clients as investors turn to savings accounts and fixed income in rough period for stocks
Schwab managed to grow its profit by 25% and add 4 million new clients in the quarter, but its earnings and revenue fell short of Wall Street expectations
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Project Syndicate: This perfect storm of megathreats is even more dangerous than the 1970s or the 1930s, Roubini says
The view from Davos: We can expect more instability, higher risks, more intense conflict, and more frequent environmental disasters.
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: Twitter financial woes continue with sharp revenue drop and advertiser unease, report says
Twitter’s tumultuous run under Elon Musk looks to be continuing, with a new report indicating sustained financial pressure for the social-media site
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Market Snapshot: U.S. stocks open higher after more data points to slowing inflation
U.S. stock indexes open higher on Wednesday, after more data suggested inflation may be subsiding, though retail sales fell in December and investors remain focused on quarterly earnings reports.
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Economic Report: U.S. industrial output falls sharply in December
U.S. industrial production fell 0.7% in December, the Federal Reserve reported Wednesday. It is the second straight steep monthly decline.
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Metals Stocks: Gold trades near 9-month high as U.S. wholesale inflation and retail sales fall
Gold traded near its highest level since April on Wednesday as investors digested another batch of U.S. economic data showing wholesale inflation and retail sales both slowed in December.
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: One of the greatest cancer drugs ever has suddenly lost its edge. This is why it was vulnerable.
Imbruvica seemed invincible in the marketplace. But a new book, “For Blood and Money,” shows how the drug’s creators left a trap door that led to its undoing.
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The Tell: Vanguard expects municipal bond ‘renaissance’ as investors should ‘salivate’ at higher yields
Investors who allocated to municipal bonds with paltry yields at the beginning of last year should now ‘salivate’ at the prospect of higher income following the rapid rise in interest rates in 2022, according to Vanguard Group.
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The Ratings Game: WWE streaming on Netflix or Amazon? One analyst says it’s possible
World Wrestling Entertainment Inc.’s search for a buyer or some other business arrangement has “a reasonable probability of success,” analysts say.
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: Consumer spending slowed in December, but many Americans still plan on buying these big-ticket items
The New York Federal Reserve’s latest Household Spending Survey gives insight into consumer behavior.