Savannah Guthrie of the ‘Today’ show is among those giving up social media for the 40-day period.
Futures Movers: U.S. oil futures head for a 6th straight decline on fears of a recession
U.S. oil futures fall, pressured by expectations that aggressive Fed rate hikes would lead to a recession and hurt energy demand.
: Thousands of flights canceled, delayed as winter storm blankets much of U.S. in snow and ice
More than 1,600 flights are canceled and 5,800 delayed Wednesday as a powerful winter storm hits two-thirds of the U.S.
: Intel cuts dividend by 66% in ‘inevitable’ move that was once ‘unthinkable’
Intel is cutting its dividend by 66% as it deals with challenges in its business and a continued need for investment.
The Ratings Game: Coinbase faces a ‘murky’ future as it chases profit goals, analyst says
Coinbase Global Inc. saw improving cryptocurrency trends in January after a dismal end to the year, but Wall Street is focused on the long term.
Market Extra: Up 31% over the past year, these overlooked stocks are just getting started, says strategist
Defense stocks have beaten all comers over the past year, and as things get worse in the world, the outlook for these stocks can only get better.
: As interest rates rise, Biden administration will lower the cost of some mortgages by $800 per year
Reducing the annual mortgage insurance premium on FHA-insured mortgages will lower housing costs for an estimated 850,000 homebuyers and homeowners in 2023.
: Independent group warns of possible ‘too close for comfort’ debt-limit scenario before June 15
There is a risk the U.S. government could default on its debt obligations before June 15, according to a new independent estimate released Wednesday.
The Ratings Game: Norfolk Southern’s stock extends selloff, and one analyst turns bullish
Norfolk Southern’s stock has fallen enough since the Feb. 3 Ohio train derailment that Wolfe Research analyst Scott Group has turned bullish.
The Fed: Fed’s Bullard: Markets have overpriced a recession
St. Louis Fed President James Bullard on Wednesday said he thought markets are too pessimistic about the U.S. economy.