NEW YORK (AP) — Wall Street is falling for a third straight day Thursday as rising yields in the bond market keep cranking up the pressure. The S&P 500 was 0.8% lower in late trading, with August on track to be its worst month of the year by far. The Dow Jones Industrial Average was ...
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday: Cisco Systems Inc. (CSCO), up $2.19 to $55.16 The maker of networking equipment reported stronger profit and revenue for the latest quarter than analysts expected. Hawaiian Electric Industries Inc. ...
The Conversation About 10 years ago, a very thick book written by a French economist became a surprising bestseller. It was called “Capital in the 21st Century.” In it, Thomas Piketty traces the history of income and wealth inequality over the past couple of hundred years. The book’s ...
Wealth of Geeks Total household debt in the U.S. increased by $16 billion, reaching $17.06 trillion in the second quarter of 2023, according to the Federal Reserve Bank of New York. Credit card balances, consumer loans, and auto loans are at record-high levels, and are causing concern ...
NEW YORK (AP) — A sharp drop for Wall Street capped a day of declines around the world Tuesday after discouraging data on China raised worries about the global economy. The S&P 500 slumped 1.2% for one of its worst drops since the spring after data showed a deepening slump for the ...
ATLANTA (AP) — Home Depot topped profit and sales expectations in its most recent quarter, but sales continued to decline as inflation and soaring interest rates play a larger role in the spending choices made by Americans. Second quarter revenue was $42.92 billion, edging out Wall Street ...