Bank stocks could be the hot year-end trade if peak rates prove a ‘mini clearing event’
Bank stocks have come under pressure this year as rising interest rates weighed on margins.
S&P 500 returns tend to be measly in the 12 months leading up to a presidential election
The broad market index has averaged weaker returns during the year leading up to a presidential election, according to Goldman Sachs’ David Kostin.
Uber reports third-quarter results that miss analysts’ expectations
Uber reported third-quarter results Tuesday that missed analysts’ expectations
Why the U.S. won’t change physical cash
U.S. physical currency is outdated compared to other countries, and while electronic payments are on the rise, more cash is being circulated today.
Global rice markets are in crisis amid ‘artificial’ shortage
The $34 billion U.S. rice market competes globally with India’s export ban and climate risks. Rice influences geopolitics and the livelihoods of millions.
Oil giant Saudi Aramco’s profit slides 23% in third quarter on lower crude prices, volumes
The drop in profitability this year has been in line with industry trends amid weaker oil prices.
Stellantis’ new Ram pickup is an EV — with a gas-powered generator in case the battery runs out
The new Ram pickup can operate as an EV until the battery dies and an onboard generator — powered by a 3.6-liter V6 engine — kicks on to power the vehicle.
5 candidates qualify for the Miami GOP debate, with Doug Burgum missing out
Donald Trump is skipping another debate, but Chris Christie, Ron DeSantis, Nikki Haley, Vivek Ramaswamy and Tim Scott will be onstage Wednesday night.
Cruise confirms robotaxis rely on human assistance every four to five miles
Cruise recently took the drastic move of grounding all of its driverless operations following a collision that injured a pedestrian in San Francisco.
Microsoft CEO Nadella uses surprise appearance at OpenAI event to lure developers to Azure cloud
At OpenAI’s developer event in San Francisco, Microsoft CEO Satya Nadella told the audience that his company’s cloud is the best place for them to build
