Markets
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Cinco de Mayo drink specials, deals and freebies from Chipotle, Applebee’s, Taco Bell and moreÂ
It’s time to raise a glass to Cinco de Mayo once more. So what are we celebrating, exactly? The May 5th holiday commemorates the Mexican army’s victory over the French at the Battle of Puebla on May 5, 1862 during the Franco-Mexican War. The Mexicans had been greatly outnumbered. So while this was not a…
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SVB and First Republic failures are just the start of a lengthy banking crisis — if you believe 800 years of history
The banking crisis that began with the collapse of Silicon Valley Bank and now the failure of First Republic Bank is far more serious than it initially appeared. Two finance professors were warning of this six weeks ago: Andrew Metrick of Yale’s School of Management, and Paul Schmelzing of Boston College and Stanford’s Hoover Institution.…
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Loneliness is an ‘epidemic’ that costs billions and leads to bad health outcomes and even death
Loneliness is more than a bad feeling. It’s as deadly as smoking up to 15 cigarettes a day and is associated with a greater risk of cardiovascular disease, dementia, stroke, depression, anxiety, and premature death, according to an advisory by the U.S. Surgeon General. The mortality impact of being socially disconnected is greater than that…
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KVUE Stock Price | Kenvue Inc. Stock Quote (U.S.: NYSE)
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Stocks are trying to break out of a trading range but resistance is too strong
The stock market, as measured by the S&P 500 Index SPX, -0.72%, has failed to overcome resistance at 4200. That is bearish, and SPX has backed off sharply since the most recent attempt to challenge 4200 occurred late last week. That attempt was spurred by positive earnings from Meta Platforms META, -1.48% and others. Now…
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Apple earnings show surprise jump in iPhone sales and a 4% dividend hike
Apple Inc. on Thursday revealed surprise growth in its iPhone business during the first three months of the year, overcoming a shortfall in Mac revenue as the company promised investors billions more in dividends and stock repurchases. Apple shares AAPL, -0.99% were up nearly 2% in extended trading after the earnings call. The company reported…
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Silver hit a 1-year high. Here’s why it can keep climbing.
[]Gold isn’t the only precious metal benefitting from economic uncertainty and the crisis in the banking sector. Silver prices last month climbed to their highest in a year, with room to move higher as the global market for the metal this year looks to post its second largest supply deficit in 20 years. []“Demand for…
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PACW Stock Price | PacWest Bancorp Stock Quote (U.S.: Nasdaq)
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What we know about Carl Icahn’s margin loan
On Tuesday, Wall Street was riveted by a report from short seller Nate Anderson’s Hindenburg Research that targeted legendary billionaire investor Carl Icahn. Anderson highlighted issues that had been relatively well known for years, like that Icahn’s investment fund had suffered a decadelong losing streak and that his public company had been paying out rich…
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10-year-olds were found working at a Kentucky McDonald’s without pay —sometimes until 2 a.m., Labor Department reports
Two 10-year-olds were found working at a McDonald’s in Louisville, Ky., the U.S. Department of Labor reports, sometimes until 2 a.m. Not only is this illegal, but the kids also weren’t being paid. They were among 305 children that a Labor Department investigation found working illegally at three McDonald’s MCD, -0.20% franchises, which run 62…