Here are some of the bigger movers on Tuesday: Stock gainers: Shares of Rivian Automotive Inc. RIVN rallied 4% in morning toward a near three-month high, after the electric vehicle maker announced an agreement that will allow drivers of Rivian EVs access to Tesla Inc.’s Supercharger network. Tesla’s stock TSLA…
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William Smith worked in the restaurant industry his whole career and never thought much about retirement. When he was forced into retirement after getting hurt on the job, he had what he called a “pity party.” Now, at 67, he delivers for DoorDash to supplement his disability payments. His wife…
Great market expectations for the Tuesday after a long holiday weekend in summer are destined for disappointment. Apart from the hazy, lazy effect, China rate moves that fell short of hopes aren’t helping the mood, as investors wait for Fed Chairman Jerome Powell to appear on Capitol Hill later this…
Earnings, schmearnings. Is what really matters just liquidity? This incredible chart, from Apollo Global Management chief economist Torsten Slok, shows the close relationship between S&P 500 SPX, -0.37% performance and net Federal Reserve quantitative easing (QE) since the pandemic began. Here, Fed QE is defined as the Fed’s total assets…
A key U.K. mortgage rate topped 6%, days ahead of a Bank of England rate decision where the central bank is again expected to lift interest rates. The average rate for the two-year fixed-rate mortgage stood at 6.01%, according to Moneyfacts. That’s a big shock as more than 1.4 million…
Intel Corp. has followed up plans for new factories in Poland and Israel, with the go-ahead for a chip facility in eastern Germany, for which it will get €10 billion ($10.9 billion) in subsidies from that government. That’s according to multiple press reports which add that a signing ceremony will…
Based on the idea that the stock market’s actions speak louder than those warning about an economic slowdown, the consumer-led recession many have been calling for appears to have ended months ago. And a chart of the consumer discretionary sector’s strength relative to the broader stock market suggests the recovery,…
“I’ve offered to come and talk to Joe Rogan again, and have that discussion with him, but not to turn it into the Jerry Springer show with having RFK Jr. on.” That’s Dr. Peter Hotez, the dean of the National School of Tropical Medicine at Baylor College of Medicine, on…
Plenty of things can go wrong while you’re on vacation. But a lost or stolen wallet is especially stressful — especially when that wallet contains the ID that you need to get on your return flight home. That’s what happened to me during a recent trip to Charleston, S.C., when I…