- On the campaign trail, both main candidates largely ignore the problem
- Advances in computer vision and machine learning allow robots to perform some of the high precision tasks required to butcher beef and chicken.
- The company’s Medicare business, hit by higher medical costs, pushed down CVS’s first-quarter earnings.
- As delinquencies on multifamily mortgages pile up, lenders who had bundled those borrowings into securitizations known as commercial real estate collateralized loan obligations are racing to stave off trouble.
- A broad gauge of US labor costs closely watched by the Federal Reserve accelerated in the first quarter by more than forecast, illustrating persistent wage pressures that are keeping inflation elevated.
- Cocoa plunged by the most ever — slumping as much as 27% in just two days — with price swings becoming more extreme as fewer investors and companies can afford to maintain trading positions.
- FT Alphaville’s main takeaways from the secretive trading firm’s bond prospectus
- Poland and others push to be exempt from ‘excessive deficit procedure’ owing to their high defence spending
- Boeing Co. is looking to issue around $8 billion of debt in as many as six parts, its first bond sale since the planemaker reported a quarterly loss and $3.9 billion of cash burn, and Moody’s Ratings cut the company’s credit rating to a step above junk.
- US banks like PNC that compete with JPMorgan and Bank of America shouldn’t be discouraged from making acquisitions.
- Past and present policymakers should ask more searching questions about the causes and impact of the price surge
- Credit scores and other factors have a growing impact on borrowing cost.
- While climate is changing, the model for insurance has not
- The US Treasury is set to keep its sales of long-term debt steady in a new plan this week, with the government expected to get relief soon from the Federal Reserve’s rapid run-down in its securities holdings.
- CEO Mike Henry is unlikely to drop his pursuit despite initial rejection by Anglo.
- New rules are designed to eliminate fossil-fuel power plants. Energy scarcity is sure to result.
- A month after a higher state minimum wage for fast-food workers went into effect, consumers picking up burgers and burritos at chains in the Golden State grapple with prices rising at a faster clip than in other states.
- Despite overcapacity, government officials keep supporting automakers, unleashing “new productive forces” and adding to trade tensions.
- Keeping customers, employees and investors happy is no mean feat
- That will squeeze financial markets and the world economy
- Jane Fraser’s unexpected success
- Can they keep improving forever?
- Readers weigh in, and our columnist responds, on how to invest for income in this market
- Central bankers are haunted by the danger of political meddling in inflation-control policies.
- Some former Trump administration officials argue that the president could help set interest rates and oust Jerome Powell as Federal Reserve chair.
- Real gross domestic product (GDP) increased at an annual rate of 1.6 percent in the first quarter of 2024 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2023, real GDP increased 3.4 percent. The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (refer to “Source Data for the Advance Estimate” on page 3). The “second” estimate for the first quarter, based on more complete source data, will be released on May 30, 2024.
- GDP growth slowed in the first part of the year, falling short of economists’ expectations.
- Which is a worry, because much of it is already shrinking
- Chatbots will soon take over much of the work of human agents, forecasts chief of Indian IT group
- Blackstone Inc. and KKR & Co. mortgage real estate investment trusts are grappling with deteriorating office loans as higher interest rates and weak demand drive down property values.
- A rash of failures of A-rated insurers points to a hidden weakness in the market, researchers say.
- New rules will govern advice on moving nest eggs into individual retirement accounts.
- JetBlue Airways Corp.’s shares fell the most since the early days of the pandemic after the carrier forecast worse-than-expected sales this quarter, blaming excess flying capacity in the critical Latin America market.
- Boeing Co.’s plan to buy back supplier Spirit AeroSystems Holdings Inc. has become mired in protracted discussions over pricing for factories that make components for Airbus SE, complicating the US planemaker’s efforts to gain tighter control over manufacturing quality.
- Sales of new homes in the US bounced back broadly in March as an abundance of inventory helped drive prices lower.
- CEO projects share of sales will double as companies integrate technology into operations
- Elon Musk is known to challenge the status quo — and that’s exactly what Tesla Inc.’s investors are worried about right now.
- Investors have pulled a net $2.2 billion from ARK’s active funds this year, topping outflows from all of 2023.
- A variety of factors—from power-hungry data centers to utilities spending to move toward cleaner sources of power—contribute to high electricity bills. And natural gas won’t stay this low forever.
- It was an irresistible pitch. Give us your money, executives at Ray Dalio’s Bridgewater Associates and other hedge funds said, and we’ll funnel it into a money-minting, sure-thing strategy for the long haul. But now, after five years of sub-par returns, many of the institutional investors who sunk large sums into risk-parity funds, as they’re known, are demanding the money back.
- Barely a decade after it declared bankruptcy, the city is emerging as America’s most unlikely real-estate boomtown.
- Pay-to-play models have become too dominant, leaving kids who come from households that can’t afford the hefty prices or just want to play for fun deprived of the benefits of playing sports.
- US stock markets suffer their worst run since October 2022 as investors pull back from AI bets
- Not as bad as it looks — better for the Fed to keep calm, and carry on?
- Howard Marks latest memo is mostly about the role of sacrifice. How indispensable is taking risk in investing? Click here to find out.
- The country’s property bust has saddled its steelmakers with a glut of unsold metal that they are now shipping overseas at knockdown prices.
- A grandmaster learned that it takes courage to be comfortable uncertainty, whether it’s at the chessboard or in real life.
- A fleet of electric-car startups is struggling to stay in business