Yahoo News

U.S. stocks rose Monday ahead of a busy week for investors, with key inflation data and the Fed’s last policy meeting of the year serving as highlights. The S&P 500 (^GSPC) rose by 0.5% during midday trading, while the Dow Jones Industrial Average (^DJI) increased by 0.8%. The technology-heavy Nasdaq Composite (^IXIC) advanced by 0.3%. All three major indexes ended with losses during Friday’s trading session, capping the worst week for stocks since September. The S&P 500 dropped 3.4%, while… Source link

Mississippi State head coach Mike Leach has coached three seasons in Starkville. (AP Photo/Rogelio V. Solis) Mississippi State head coach Mike Leach was hospitalized due to a health issue that occurred at his home on Sunday and is in critical condition. According to a university statement, Leach was transported to the University of Mississippi Medical Center in Jackson, Mississippi. No other information was provided by the university, but the Clarion Ledger reported Monday that Leach suffered… Source link

The government is one week away from possible shutdown with lawmakers apparently nowhere near a deal to fund the government into 2023. And while most observers expect that issue to get resolved one way or another in the coming weeks, the brinkmanship appears to be jeopardizing another effort: the long-delayed retirement reform legislation informally known as SECURE 2.0. The package, if enacted, would make a host of changes to how Americans save for retirement — from increasing the age for… Source link

The government is one week away from possible shutdown with lawmakers apparently nowhere near a deal to fund the government into 2023. And while most observers expect that issue to get resolved one way or another in the coming weeks, the brinkmanship appears to be jeopardizing another effort: the long-delayed retirement reform legislation informally known as SECURE 2.0. The package, if enacted, would make a host of changes to how Americans save for retirement — from increasing the age for… Source link

EV-maker Rivian (RIVN) announced today it was pausing plans to co-develop an electric van with Mercedes-Benz (MBG.DE) and would no longer pursue a memorandum of understanding the two companies signed in September of this year. “Our decision to pause this partnership with Mercedes-Benz is based upon our focus on prioritizing investments with the highest returns. We have a range of opportunities to invest our capital and are constantly evaluating and refining our analysis of these projects,”… Source link

The headlines for online-car buying platform Carvana (CVNA) haven’t been good recently. And whether the company will remain a public entity is now in doubt. In fact, Yahoo Finance dubbed Carvana “Worst Company of the Year” after polling more than 5,000 readers on their suggestions. Despite a stock down 98% this year, concerns over its debt load, and whether management has the know-how to right the business, it seems one thing may have some staying power — the trend of buying used cars… Source link

It’s been a crap year for stocks, with the overall market down 17%. At Carvana, the wheels came off. The online used-car merchant lost 97% of its value through Dec. 9, with the stock down a like amount. The company started the year an investor darling and ended as a bankruptcy possibility. For these reasons and more, Carvana is the Yahoo Finance Worst Company of 2022. When we choose our best company of the year—which this year is Costco—we assess financial performance, societal impact,… Source link

It’s been a crap year for stocks, with the overall market down 17%. At Carvana, the wheels came off. The online used-car merchant lost 97% of its value through Dec. 9, with the stock down a like amount. The company started the year an investor darling and ended as a bankruptcy possibility. For these reasons and more, Carvana is the Yahoo Finance Worst Company of 2022. When we choose our best company of the year—which this year is Costco—we assess financial performance, societal impact,… Source link

U.S. stock futures edged higher Monday morning ahead of a busy week for investors with key inflation data and the Fed’s last policy meeting of the year serving as highlights. Futures tied to the S&P 500 (^GSPC) inched higher by 0.2% in premarket trading, while futures on the Dow Jones Industrial Average (^DJI) ticked up by 0.1%. The technology-heavy Nasdaq Composite (^IXIC) increased as much as 0.25%. All three major indexes ended with losses during Friday’s trading session, capping the worst… Source link

Markets remain on edge regarding the outlook for inflation, as seen in the hit to stocks last week amid a hotter than expected read on the Producer Price Index (PPI). Furthermore, this week’s Federal Reserve meeting could feature Chairman Jerome Powell pushing back on recent financial easing in markets. Couple those factors with expectations for muted corporate profit growth and a recession in the U.S., and uncertainties for the stock market in 2023 are abound. The team at Deutsche Bank led by… Source link