Heat pumps, which act as both furnace and AC, are increasing in popularity. They’re eligible for a federal tax incentive along with sweeteners in certain states.
Economic Report: U.S. mortgage rates could go to 8%
Expect mortgage rates to fall only after the Fed is done raising interest rates and the economy shows signs of cooling, analysts say.
Economic Report: Leading index for U.S. economy falls 17th month in a row, but still no sign of recession
The leading economic index fell 0.4% in August and declined for the 17th month in a row, but there’s still no sign the U.S. is headed for a recession.
Earnings Results: Olive Garden parent Darden’s earnings buoyed by addition of 77 Ruth’s Chris Steak Houses locations
Darden posted better-than-expected quarterly earnings early Thursday.
Mark Hulbert: The U.S. could be in a recession and we just don’t know it yet
Difference between two consumer sentiment measures indicates a slowing U.S. economy.
Mark Hulbert: The U.S. could be in a recession and we just don’t know it yet
Difference between two consumer sentiment measures indicates a slowing U.S. economy.
: Bank of England makes 5-to-4 vote to pause interest rates
The Bank of England decision promised to be a cliff hanger, and it was, even for the nine people deciding what to do.
: Starbucks’ new dividend boosts yield to 2.4%
Starbucks raised its dividend by 7.5%, keeping the implied yield for the coffee giant’s stock well above its peer group and the broader stock market.
IPO Report: Klaviyo, Instacart and Arm Holdings’ stocks mixed as shine comes off recent crop of IPOs
The three recent deals are all showing signs of fatigue.
: New York Times columnist David Brooks gets roasted online after $78 airport meal post
David Brooks, a columnist for the New York Times, took to social media to express his dismay over food prices.
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