The key drivers of the late 2023 stock market rally have faded. With investors increasingly questioning when the Federal Reserve will cut interest rates, the so-called “soft landing” trade which saw investors pour into interest-rate sensitive sectors has stumbled to start 2024. That raises the question of what the next catalyst is — and investors

Homebuilders pulled back less than expected on the start of construction for new homes in December while permits issued to build rose, signaling a continued recovery in the housing market. New residential construction, including single family and multifamily homes, fell 4.3% in December from the month prior to an annualized rate of 1.460 million units,

Target Corp.’s chief financial officer will become the retailer’s chief operating officer overseeing stores, its global supply chain and delivery services such as Shipt. Michael Fiddelke’s move is one of several leadership changes the Minneapolis-based company announced Thursday. Fiddelke will replace longtime executive John Mulligan, who announced his retirement last fall. Mulligan will remain with

US stocks tipped higher on Thursday, eyeing a rebound from recent losses as investors looked to fresh quarterly earnings for inspiration amid dwindling hopes for an early 2024 interest rate cut. The S&P 500 (^GSPC) added around 0.4%, the tech-heavy Nasdaq Compossite (^IXIC) led gains, rising 1%. The Dow Jones Industrial Average (^DJI) dropped about

ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. Christy Browne was in a panic. The man on the phone said he was from the FBI. He warned her that drug traffickers had obtained her Social Security number and were using it

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: In almost every conversation so far this week at the World Economic Forum, generative AI has come up. In our interviews on and off the record, Brian Sozzi and I have been hearing

Testimonies from 40 women across banking, insurance, and asset management in Britain describe diversity and inclusion initiatives as often “tokenistic,” and lacking the “teeth” to make a change in an industry where misogynistic attitudes linger. The summary of a private roundtable held in November 2023 with lawmakers was released on Wednesday ahead of the final

DE PERE, Wis. (WFRV) – Beginning with the 2028 graduating class, every high schooler will have to take a personal finance course in order to graduate. Governor Tony Evers signed the requirement into law in December, but it wasn’t without the help of local educators. Kerri Herrild has been teaching personal finance as an elective