Author: super@dmin
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Earnings Watch: S&P 500 would be in an ‘earnings recession’ if not for this one booming sector — but that may not last long
The companies that make up the S&P 500 would already be in a so-called earnings recession this year if it weren’t for higher oil prices.
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Economic Report: U.S. consumer borrowing picks up speed in August
Total U.S. consumer credit rose by $32.2 billion in August, up from a $26.1 billion gain in the prior month, the Federal Reserve said Friday.
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NerdWallet: Why did Medicare star ratings go down for 2023? Here’s what it means for beneficiaries.
Lower star ratings don’t mean your plan got worse. This is why they went down this year, how star ratings work, and how to compare plans using them.
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Futures Movers: Oil up a 5th session, with U.S. prices gaining nearly 17% for the week after OPEC+ production cuts
Oil futures climbed Friday for a fifth session in a row to post a strong gain for the week after the recent decision by major oil producers to cut output.
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: Fewer than 50% of U.S. adults are now married. It’s time to give more legal and financial breaks to single people, law professor says.
The share of married Americans has fallen to 45%, down from 50% in 2015.
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: Chip stocks slammed by new ban on chip and AI technology for China
The chip sector melted down Friday after U.S. regulators moved to pump the brakes on China’s military ambitions by issuing new restrictions on semiconductor and AI technology that can be sold to the country.
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MarketWatch First Take: Airlines enter earnings season wrestling with fuel prices, hiring challenges
Delta kicks off airlines earnings season on Oct. 13, and one analyst says the industry is still wrestling with the issues that have plagued it all year.
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The Wall Street Journal: Decision on whether to charge Hunter Biden with tax and gun violations on hold as prosecutors confer with defense team
Washington Post cited unnamed sources as having indicated to the paper that at least some federal agents believe they have sufficient information to charge the president’s son.
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The Ratings Game: ‘New Year hangover’ seen for trucking, as costs risk piling up into 2023
Roughly a week after one analyst warned of a “trucking winter,” another is saying to brace for a possible “New Year hangover” in the industry, as falling demand collides with higher labor and other costs next year following the holiday rush.
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: SEC to reopen comment periods for several rules after tech glitch
The Securities and Exchange Commission announced Friday that it reopened the public comment period for 11 rulemaking releases after a “technological error” that resulted in some comments getting lost.