The U.S. Federal Reserve may start cutting interest rates before year’s end. That could make future trips abroad more expensive for the nation’s travelers. That’s due to how interest-rate policy affects the strength of the U.S. dollar. Here’s the basic idea: An environment of rising U.S. interest rates relative to those in other nations…
The S&P 500 and Nasdaq closed at record highs on Monday as investors await key inflation data to provide further clues about whether this year’s market rally is sustainable. Earnings from some major financial giants and consumer companies are also on the docket. The broad market index ended the day up 0.1%…
Federal Reserve Chair Jerome Powell on Tuesday expressed concern that holding interest rates too high for too long could jeopardize economic growth. Setting the stage for a two-day appearance on Capitol Hill this week, the central bank leader said the economy remains strong as does the labor market, despite some recent cooling.…
Side hustlers are hustling a little less but making more when they do. About 36% of U.S. adults say they make extra money from a side job beyond their main source of income, according to a survey the consumer finance platform Bankrate released Wednesday. That’s down from 39% last year,…
Walmart said Wednesday that it will open five automated distribution centers for fresh food across the country, as the retailer chases efficiency and its online grocery business grows. The discounter’s new facilities are roughly 700,000 square feet on average. Chilled and frozen areas have automation that stores and retrieves perishable items,…
Longtime investor Bill Gross believes Elon Musk’s Tesla is behaving like a speculative play among retail investors. “Tesla acting like a meme stock — sagging fundamentals, straight up price action,” the former chief investment officer and co-founder of Pimco said in a post Tuesday afternoon on X. “But then there seems to be a…
The S&P 500 climbed Wednesday to a fresh record, breaking above 5,600 for the first time, as a sharp rise in semiconductor stocks led the market higher. The broad market index jumped 1.02%, closing at 5,633.91, and notching a seventh straight day of gains. The Nasdaq Composite advanced 1.18%, also hitting an all-time high…
A former soldier who was sexually assaulted while serving in Japan’s military has reached a civil settlement with three of her convicted attackers in a case that exposed a widespread culture of harassment in the country’s self-defense force. The settlement, initiated by the three former soldiers who were found guilty…
Russia has promised to discharge Indian nationals who were “misled” into joining its army to fight in Ukraine, India’s foreign secretary said Tuesday. Indian Prime Minister Narendra Modi “strongly raised the issue of early discharge” to Russian President Vladimir Putin during his two-day trip to Moscow this week, stressing the…
Ukraine’s largest children’s hospital likely took a direct hit from a Russian missile on Monday, a United Nations assessment has found, as NATO agreed to strengthen Kyiv’s air defenses in the wake of the attack. Russia has repeatedly denied targeting the hospital in Kyiv and alleged, without evidence, that a Ukrainian anti-aircraft…