U.S. Personal Income, Spending Increase by More Than Forecast

Americans’ incomes increased in September by more than expected, boosted by employment gains and helping to propel consumer spending at the end of the third quarter. Personal incomes rose 0.9% from the prior month following a 2.5% decline in August, a Commerce Department report showed Friday. That compared with estimates for a 0.4% gain. Household […]

Continue Reading

Megacap Tech Disappoints Market Where Nothing’s Good Enough

Solid quarterly earnings from America’s biggest tech firms weren’t enough to keep investors from selling late Thursday, the latest sign sentiment is turning against ultra-expensive digital megacaps. Futures on the S&P 500 tumbled 1% and Nasdaq 100 contracts lost more than that as of 6:07 p.m. in New York. Stocks had rebounded from the worst […]

Continue Reading

Hear Biden's and Trump's economic plans in 2 minutes

New York (CNN Business)Warren Buffett has been surprisingly quiet about the presidential election. The Oracle of Omaha hasn’t publicly backed Joe Biden, but Buffett hosted a fundraiser for Biden’s former boss, Barack Obama, in 2011, and he fully backed Hillary Clinton in her 2016 campaign against Donald Trump. The 90-year-old investing legend, who is worth […]

Continue Reading

Tech stocks lead the market lower amid disappointing Microsoft outlook and congressional hearing with industry CEOs

Technology stocks cratered on Wednesday, leading the market lower amid an ongoing congressional hearing with the CEOs of Twitter, Facebook, and Alphabet regarding Section 230. The Senate hearing was contentious as Republican Senators like Ted Cruz laid into Twitter CEO Jack Dorsey for its handling of the NY Post Hunter Biden story published earlier this […]

Continue Reading

Sensex, Nifty start on choppy note; Bharti Airtel soars 10%

Bharti Airtel’s cConsolidated revenue rose 22% to ₹25,785 crore in the September quarter while net loss narrowed to ₹763 crore. Equity benchmarks Sensex and Nifty opened on a volatile note on October 28 as investors await directional cues from domestic as well as global markets. After swinging 258 points in the opening session, the 30-share […]

Continue Reading