CHICAGO– Samsung recalled more than 660,000 washing machines, warning customers that the machine could short-circuit and overheat, posing a fire hazard. The received company 51 reports of “smoking, melting, overheating or fire involving the washers.” Ten of these reports resulted in property damage, and three customers reported injuries from smoke inhalation. Several models of Samsung’s …
The Fed blew it on inflation stocks are going to have to suffer as a result. The central bank has no choice now but to keep hiking until inflation is down, experts have said. Here are five top voices in markets warning investors not to pin their hopes on a Fed put to save stocks. …
The Fed Blew It on Inflation and Won’t Save Stocks From Crashing Read More »
A week ago I was in a room with a hundred people and asked the following question: How many of you think the S&P 500 takes out its October low? At least 80% of the people raised their hands. I then asked, how many of you think we’re in a recession or will be in …
By Paresh Dave, Fanny Potkin and Sheila Dang (Reuters) -Twitter Inc removed a feature in the past few days that promoted suicide prevention hotlines and other safety resources to users looking up certain content, according to two people familiar with the matter who said it was ordered by new owner Elon Musk. After publication of …
Twitter Exclusive removes suicide prevention feature, says it’s under revamp Read More »
US natural gas production suffered its biggest one-day drop in more than a decade on Friday as the massive winter storm battering much of North America froze liquids in pipes and forced wells to shut down. Supplies across the Lower-48 states shrank by nearly 10 billion cubic feet, or roughly 10%, from the previous day …
Storm Elliott Latest: US Natural Gas Output Plunges Read More »
The seventh and final Federal Reserve interest rate hike in 2022 of 0.5% is starting to cool down the housing market, but is not yet impacting record inflation, Bankrate reported earlier this month. The Fed increased interest rates by 0.5% on Dec. 14 in addition to raising rates by 0.75% six previous times this year, …
Report: Fed’s Last 0.5 Percent Rate Hike of 2022 ‘Cooling’ Housing Market Read More »
Stocks Finish Higher than Investors Digest Latest Economic DataBarron’s Wall St. ends up as inflation continues to coolReuters Stock Market Today: Stocks Close Higher in Light TradingKiplinger’s Personal Finance Stocks Limp Toward 2023 as the Data Show Few Signs of a Clear DirectionBarron’s Can The Economy Weather Inflation, A Winter Storm, Elon Musk? – BlackBerry …
Stocks Finish Higher than Investors Digest Latest Economic Data – Barron’s Read More »
Christmas Day 2022 is Sunday, Dec. 25 It is a sacred, religious holiday around the birth of Jesus, while also it is a cultural phenomenon. Popular traditions include the tale of Santa Claus, exchanging gifts, Christmas tree decorating and attending church. The vast majority of stores and services are closed. Here is everything you need …
**Related Video Above: Know the signs of frostbite and protect yourself.** CLEVELAND (WJW) — FirstEnergy is asking for help in conserving energy this holiday weekend as temps remain solidly below freezing across Ohio. “PJM Interconnection, the electric grid operator for the region, is asking that customers take proactive steps to conserve electricity through 10 am …
(Bloomberg) — Billionaire Elon Musk is warning against something he himself has done — borrowing against the value of securities one owns — because of the risk of “mass panic” in the stock market. Most Read from Bloomberg “I would really advise people not to have margin debt in a volatile stock market and you …
Elon Musk Warns Against Margin Debt on Risk of Market ‘Mass Panic’ Read More »