A Deloitte report finds that “nearly all” of retail executives surveyed expected less consumption from shoppers this year.
: U.S. budget deficit triples to $85 billion in December
The U.S. budget deficit tripled to $85 billion in December from a year earlier, reflecting somewhat higher spending and a small decline in tax receipts.
Earnings Outlook: Netflix’s unpredictable finale: With no more subscription guidance, the focus is on financial estimates
Netflix, which reports fiscal fourth-quarter results on Jan. 19, is ditching guidance on net subscriber additions and instead focusing on financial numbers.
Lawrence G. McMillan: How you can use the stock market’s ‘January Defect’ to your advantage
S&P 500 is in a downtrend, but a test of resistance at 4100 looks possible.
Commodities Corner: Why natural-gas prices dropped to their lowest in a year
U.S. natural-gas prices have fallen to their lowest level in more than a year just halfway through the winter season.
The Fed: Fed’s Bullard favors getting interest rates above 5%, but said the pace is not a critical issue
St. Louis Fed President James Bullard said Thursday that he still favors getting rates over 5%. Some of his colleagues are backing going more slowly.
MarketWatch First Take: Bed Bath & Beyond may be heading for a ‘meme squeeze’
Despite the retailer’s financial woes, the stock enjoyed its largest-ever percentage gain on Wednesday.
Economic Report: U.S. mortgage rates slip, giving some relief to homebuyers
The 30-year mortgage rate is averaging at 6.33%, Freddie Mac said in its latest weekly survey on Thursday.
: Boeing stock lands upgrade at Credit Suisse, but falls short of ‘buy’
Boeing Co.’s stronger aircraft sales have landed the stock an upgrade at Credit Suisse.
: Reparations for Black Americans will cost up to $14 trillion and ‘could finally lead to closure,’ economist Sandy Darity says
The cost of reparations to restore lost wealth to Black Americans will be $13 trillion to $14 trillion, says a leading reparations scholar.