Author: super@dmin
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The Fed: Fed’s Daly says more rate hikes needed, dismisses ‘pivot’ talk
San Francisco Fed President Mary Daly said Wednesday that the central bank needs to keep raising rates in order to cool inflation.
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Market Extra: ‘This is not healthy’: The latest advance for stocks could signal more pain ahead for markets. Here’s why
As tempting as it might be to call a bottom in stocks, Nicholas Colas, co-founder of DataTrek Research, said Tuesday that investors should brace for more carnage in the near term as several reliable historical signs of a durable bottom are still missing from markets.
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The Margin: Trump’s Facebook ban may end as soon as January 2023, Meta executive says
Trump’s two-year ban from Facebook and Instagram expires in January 2023.
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: Women 50-plus may determine control of Congress — but most haven’t decided who’s getting their vote
Research released Tuesday by the AARP found that 51% of women over 50 are undecided about who they will vote for in the Nov. 8 midterms.
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Futures Movers: Oil prices climb as OPEC+ agrees to a large output cut while U.S. supplies fall
Oil futures head lower on Wednesday after OPEC+ agreed to reduce output by 2 million barrels a day and U.S. data reveal a second straight weekly decline in crude supplies.
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The Margin: Elon Musk wants to move forward with his purchase of Twitter. Here’s how some Twitter users reacted.
Musk and Twitter are now proceeding with a deal at the original offer price of $54.20 a share.
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: Is now a good time to buy Twitter stock? Financial advisers express caution, as Elon Musk finally goes ahead with his $44 billion offer.
‘The story is far from over,’ said one skeptical adviser.
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Outside the Box: ‘Those state taxes man’ — How much NFL star Tyreek Hill is saving by playing in Miami instead of in New Jersey (or with another team)
“I had to make a grown-up decision.”
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Economic Report: Most U.S. businesses still expanding and hiring, ISM finds
An ISM barometer of business conditions at companies such as hotels and restaurants dipped to 56.7% in September. Yet the survey also showed
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Coronavirus Update: A strong fall COVID booster campaign could save 90,000 U.S. lives and avoid more than 936,000 hospitalizations, study finds
A strong fall COVID booster campaign could save about 90,000 people living in the U.S. from dying of the virus and avoid more than 936,000 hospitalizations, according to a new study by the Commonwealth Fund.