Economy

September, historically the worst month of the year for stocks, once again brought pain to Wall Street, sending the market lower for the third quarter. A steep rise in Treasury yields and oil prices, combined with fears that the Federal Reserve would keep interest rates “higher for longer,” weighed on stocks over the past four… […]

Investors should brace for a “wholesale reshuffling of the stock guard” in the next two weeks, CNBC’s Jim Cramer said Friday, with a spate of critical earnings and economic data ahead.Investors should be primed for market-moving earnings releases from the likes of Coca-Cola, industrial concern 3M, consumer favorite McDonald’s, General Electric, General Motors and far… […]

Demonstrators rally in support of abortion rights at the US Supreme Court in Washington, DC, April 15, 2023. Andrew Caballero-Reynolds | AFP | Getty ImagesThe Supreme Court on Friday ordered the abortion pill mifepristone to remain broadly available as litigation plays out in a lower court.The high court’s decision came in response to an emergency request… […]

Theo Wargo | Wireimage | Getty ImagesA rough week for Elon Musk was capped Friday when institutional shareholders in Tesla admonished the company’s board of directors to rein in an “over-committed” CEO in an open letter.The letter follows the midair explosion of the SpaceX Starship rocket in its first test flight Thursday and a first-quarter… […]

Google’s construction site on future San Jose megacampus sits idle as company halts development amid cost-cutting.Jennifer EliasIn June 2021, Google won approval to build an 80-acre campus, spanning 7.3 million square feet of office space, in San Jose, California, the third-largest city in the country’s most populous state. The estimated economic impact: $19 billion.The timing… […]

Tax Day has come and gone. Take a second to breathe a sigh of relief. But don’t pack up your calculator and green plastic visor just yet. Now is the perfect time to make sure you have everything in order for your 2023 taxes.Namely, you’d be wise to assess your withholding, tax experts say.Chances are… […]

Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023.Matthew Hatcher | AFP | Getty ImagesDETROIT — The United Auto Workers union is holding up negotiations with Ford Motor over future electric vehicle battery plants, Ford CEO Jim Farley said during a press briefing Friday.”I… […]

The UAW strikes hitting the Detroit Three automakers — GM, Ford and Stellantis — could widen the electric vehicle gap between them and Tesla, which already controls 60 percent of the EV market.The three Detroit automakers all use union labor, and those workers are represented by the United Auto Workers union — Tesla does not.… […]

WASHINGTON — House Republican leaders on Friday canceled a planned two-week recess as a government shutdown appeared more likely after they failed to pass a short-term spending bill with fewer than two days to avoid a government shutdown.House Speaker Kevin McCarthy, R-Calif, informed the GOP caucus of the canceled break at a closed-door meeting after… […]

Former U.S. President Donald Trump speaks at a campaign rally at Drake Enterprises, an automotive parts manufacturer, on September 27, 2023 in Clinton Township, Michigan.Scott Olson | Getty ImagesDonald Trump on Friday blasted his upcoming New York civil fraud trial and his four pending criminal cases as he asked supporters to donate to his 2024… […]