Deli Meats See Record Price Bump as Grocery Costs Keep Rising
If your next deli sandwich seems a bit short on lunchmeat, you’re probably not imagining it. Consumer prices for lunchmeats rose 4.2% in September, the largest monthly increase on record, far outpacing the 0.3% rise in broader grocery costs, according to the Bureau of...
France Gets Fresh Warning on Debt as Moody’s Turns Negative
Moody’s Ratings cut France’s credit outlook to negative from stable, adding to warnings on the country’s bloated public finances as a weakened minority government struggles to pass a budget. “The decision to change the outlook to negative reflects the increased risk...
Ned Davis Research Grows Wary on US Stocks Versus Rest of World
With the S&P 500 Index breaking out to record highs, at least one firm is advising its clients to reduce exposure to US stocks and seek bargains abroad. Ned Davis Research downgraded its view on US equities to underweight — the equivalent of a sell rating. At the...
S&P 500 Rally’s Next Leg Seen Fueled by Big Buyers on Sidelines
Appetite for equities is subsiding among the big-money crowd amid anxiety that a record-smashing rally is becoming too hot. That may be just what this bull market needed. Models of investor positioning show computer-based and discretionary funds recently cut their...
Amazon Tests AR Glasses to Help Drivers Find Right Delivery Spot
Amazon.com Inc. is considering equipping its contract delivery drivers with augmented-reality glasses that would help them find the right spot to drop a package. The world’s largest online retailer on Wednesday said it was conducting trials of the glasses with drivers...
The Regulatory Balancing Act: Access vs. Protection
As retail investors increasingly seek exposure to private markets, regulators face a pivotal challenge: how to open doors without compromising on investor protection. The era of private equity and credit being reserved for institutions is giving way to broader...
Rally in Gold Miners Falters as Gains Outstripped Metal’s Surge
Gold’s rally has awed Wall Street for months. Gold miners have done even better - so well that investors are now asking whether historic gains in shares of Newmont Corp., Agnico Eagle Mines Ltd. and their competitors have gone too far. The NYSE Arca Gold Miners Index...
Rattled Wall Street on Alert After Trillion-Dollar Risk Runup
After two months of market bliss, Wall Street is stirring from its slumber. First the collapse of First Brands Group and Tricolor Holdings revived long-dormant fears about hidden credit losses. Then, fraud-linked writedowns at Zions Bancorp and Western Alliance —...
Dollar Caps Worst Week Since August on Fed Bets, Bank Woes
A Bloomberg gauge of the dollar closed out its worst week in more than two months as expectations of Federal Reserve interest-rate cuts coupled with emerging credit risks in the US banking sector weighed on the greenback. The Bloomberg Dollar Spot Index was little...
Walmart Creates Role to Lead Drone and Autonomous Delivery Tech
Walmart Inc. named a company veteran to lead the expansion of drones and other new technologies for the big-box retailer to bring products to shoppers. Greg Cathey will serve in the new position of senior vice president of digital fulfillment transformation, according...
Schwab CEO Says Retail Traders Are Buying Dips, Selling Rips
Charles Schwab Corp.’s chief executive officer said retail investors are eager to trade when there is more volatility — something more common since Donald Trump returned to the US presidency. “Our clients trade more when there is more volatility, and they tend to be...
Auto loan delinquencies are soaring, with consumers hit by high car prices
Auto delinquencies are up more than 50% since 2010, VantageScore says. American consumers are struggling under the weight of soaring auto loan debt. Auto delinquencies are up more than 50% since 2010 and have transitioned from the safest to riskiest consumer...
UK Pensions Boost Private Investment But Lag Behind Reeves Goal
UK pension funds doubled their investment in unlisted equities over the past year, though they remain below the levels needed to meet a pledge to the government to support private businesses. Eleven firms that signed the Mansion House Compact two years ago had...
Thiel, Bezos Back Startup Treating Tumors With Sound Waves
Peter Thiel’s Thiel Bio and Jeff Bezos’ Bezos Expeditions are among the investors backing health-care company HistoSonics Inc. at a $3 billion valuation — betting that its technology that can help treat tumors using sound waves. The startup, which currently focuses on...