An ongoing strike by the UAW union against the Detroit automakers had little to no direct effect on General Motors’ third-quarter U.S. new vehicle sales.
Medicare funding shortfall may be ‘life and death’ for millions of Americans, lawmaker says. Here’s why taxes are a sticking point
As the Medicare hospital insurance fund faces a 2031 depletion date, lawmakers are at odds over whether tax increases for high earners may solve the problem.
Why we ‘know we have to buy something’ in this oversold market
The Investing Club holds its Morning Meeting every weekday at 10:20 a.m. ET.
The 5 U.S. cities most impacted by inflation—none are in New York or California
While inflation has fallen from its nationwide peak of 9.1% in June 2022, these five metropolitan areas continue to see steep prices.
How Wonder Bread has survived competition and the fall of white bread
While healthier alternatives dominate the U.S. bread market, Wonder Bread still makes nearly half a billion dollars in annual sales for Flowers Foods.
Judge issues gag order in Trump fraud trial after ex-president posts about law clerk
Former President Donald Trump, who glared at NY Attorney General Letitia James on the tense first day of the trial, is present in the courtroom again for Day 2.
There’s a shortage of luxury apartments in Manhattan, and it’s driving up prices
The supply of luxury apartments — defined as the top 10% of the market by price — has plunged 24% compared to pre-pandemic levels, according to Miller Samuel.
Traders dumped a record $40 billion of stock futures in past week, Goldman says
Most of the selling is probably done now and Goldman claims “we are closer to the end of this sell pressure than not.”
August job openings top 9.6 million, more than expected as labor market remains strong
Hunter Biden pleads not guilty to gun charges in Delaware federal court
Hunter Biden, son of President Joe Biden, faces gun charges and failure to pay federal income taxes.
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