Richmond Fed President Tom Barkin said Tuesday that the economy may be softer than the data suggests and may be helping to bring inflation down.
: Rite Aid’s stock tumbles 55% to join its cratering bonds after bankruptcy filing
Rite Aid’s stock resumed trading after a halt and promptly fell to 30 cents.
: Cables, the sky and sea. These are some of the global economy’s weakest links.
Deutsche Bank again wants clients to consider invisible threats to the global economy, such as a container ship that blocks the Suez Canal.
: Tupperware’s stock shoots up after CEO Fernandez replaced, board ‘refreshed’
Tupperware’s stock got a big boost Tuesday after the food-storage container company’s CEO Miguel Fernandez was replaced after 3 1/2 years in the role.
: House speaker election: Jim Jordan isn’t a lock for the post before vote at noon today
It isn’t clear if Rep. Jim Jordan will be successful in his push to become House speaker, with a floor vote drawing near.
Economic Report: U.S. October home builder confidence drops to lowest level since January
The National Association of Home Builders’ (NAHB) monthly confidence index fell 4 points to 40 in October, the trade group said on Tuesday.
The New York Post: Jon Huntsman to halt family foundation donations to alma mater Penn over Hamas-Israel ‘silence’
“Moral relativism has fueled the university’s race to the bottom,” former Utah governor and Republican presidential candidate tells Penn president.
Market Snapshot: Dow ekes out small gain as stocks end mostly lower, after strong U.S. retail sales data
U.S. stocks ended flat to lower Tuesday as investors eyed strong consumer spending data for September and third quarter earnings results, offset by a rise in Treasury yields after healthy economic data suggested the Federal Reserve may keep interest rates higher for longer.
The Moneyist: ‘I do not trust many people due to unfortunate life experiences’: I’m leaving all my estate to charity. Should I make a will or a trust?
“My plan is to have a handwritten, notarized will, bequeathing my personal property and the remainder of my estate to charitable organizations.”
Bond Report: Treasury yields end at more than 16-year highs after strong U.S. retail-sales data
Two- and 10-year yields have their biggest one-day jumps in three months after September retail sales had traders positioning for a “no-landing scenario” for the economy.
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