December PCE Report: PCE Inflation Index Up 2.6%, In Line With Expectations
The PCE Price Index year over year rose 2.6% in December, in line with forecasts and following an increase of 2.4% in ...
11 Charts Examining the Racial Wealth Gap
What data tells us about the disparities along racial lines for income, savings, and overall financial well-being.
Intel's forecast missed by a mile. Here's why the stock is 'numb' to the problem.
Intel Corp. missed big time with its outlook for the first quarter, calling for break-even adjusted earnings per share while analysts were expecting 9 cents. Other guidance metrics came up short as ...
Invest in these safe havens to protect against Trump tariff fallout, Goldman says
That's according to Goldman Sachs strategists led by Samantha Dart, whose team reiterated a $3,000 per ounce gold price forecast for the second quarter of 2026. The note was published late Thursday, ...
Eastman's Specialty Chemicals Should Benefit From Near-Term Recovery and Long-Term Demand Growth
Through acquisition and internal development, Eastman Chemical owns a solid portfolio of specialty chemicals that are used in safety glass, window tinting, and specialty plastics, all of which offer a ...
Oil company Infinity Natural Resources debuts IPO amid deregulation push
The IPO comes amid a deregulatory push in the energy sector by President Donald Trump, who repeated the "drill, baby, drill" slogan in his inaugural address. Earlier this week, Sean Duffy, the newly ...
AbbVie Up Nearly 8%, On Pace For Largest Percent Increase Since March 2020 — Data Talk
--Up 9.18% at today's intraday high; largest intraday percent increase since Nov. 4, 2020, when it rose as much as 10.83% The industry has struggled to find any consistency, but there are attractive ...
Treasury yields steady after PCE inflation data, with possible tariffs looming
The news was better when it came to the narrower core readings which the central bank cares most about. The so-called core rate of inflation, which omits food and energy, rose a milder 0.2%, with the ...
We Expect A.O. Smith to Deliver a Strong Profit Margin in 2025 Despite Little Top-Line Growth
A.O. Smith has a conservative capital structure with more cash on hand than outstanding debt. At the end of the fourth quarter of 2024, the firm had $193 million in total debt and $276 million in cash ...
Tariff shock ahead? This is the trade to make before the weekend headlines hit.
The NYMEX front-month gold contract (GC00) late Thursday rose above $2,850 an ounce for the first time as Goldman Sachs reiterated its $3,000 price target, saying the yellow metal was a hedge against ...
Inflation finishes 2024 well above Fed's 2% target, PCE shows. Rate cuts on hold.
Fed Chair Jerome Powell said earlier this week he expects inflation to turn lower again, but he did not say when he expected it to happen. The most recent Fed forecast shows PCE inflation ending 2025 ...
Fed's Bowman sees 'upside risks' to inflation, backs cautious and gradual policy approach
Progress on inflation was "noticeably" slower last year than in 2023, and upside risks to higher price pressures remain, and therefore the U.S. central bank should adopt a cautious and gradual ...