Between March 2021 and March 2022, Americans started looking for more dining and entertainment options. That trend accelerated over the past year.
: The cost of building a new home is rising at an ‘unprecedented rate,’ Bank of America says
The median sale price for a new house in the U.S. hit $457,800 in 2022, according to a Bank of America report.
In One Chart: Wait for T-bills to cheapen as Treasury keeps up issuance deluge, says BofA Global
‘Our core message to front end investors: be patient in the face of elevated supply,’ says BofA Global rates strategists.
The Ratings Game: A Microsoft in the making? Oracle’s cloud momentum is giving one analyst flashbacks.
With its $330 billion-plus valuation, Oracle is hardly small. But might it be a “mini Microsoft?”
The Fed: Goolsbee says Fed has to ‘do more sniffing’ on inflation before raising rates again
The Chicago Fed chief said the vote to skip an increase in interest rates last week was a “close call” and he’s not sure if he would support a hike in July.
The Ratings Game: Amazon poised to ‘close the AI gap’ with rivals, says one of stock’s most bullish analysts
Amazon.com Inc. is perhaps in an interesting spot when it comes to artificial intelligence.
Peter Morici: Biden is vulnerable in 2024, but Republicans offer too little in response
GOP presidential candidates are united against Biden — but what are they for?
In One Chart: Economist who anticipated bank failures this spring says U.S. recession may be just around the corner
An economist who delivered a prescient warning about the health of the U.S. banking system is now saying a long-awaited U.S. recession could finally arrive in the months ahead.
: Why Intel was the Dow’s worst performer for a second day in a row
Intel stock fell again on Wednesday, making it the worst performer on the Dow Jones Industrial Average for a second day in a row.
Key Words: AI could further an ‘erosion of the middle class’ unless Congress takes action, Schumer says
Senate Majority Leader Chuck Schumer argued Wednesday that Congress must play a unique role in reining in AI technology.
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