By Michael Tedder Just this once, you can tell Lil Nas X something. In the summer of 2019, Lil Nas X emerged from the digital ether to take us all with him to the “Old Town Road,” reminding us all again about the freedom offered by both social media an…
Jamie Dimon Scolds Fed, Says Cold War is Back in Russia
By Ellen Chang The Federal Reserve should not have waited until 2022 to increase interest rates as inflation rates skyrocketed, JPMorgan Chase ( (JPM) – Get JPMorgan Chase & Co. Report) CEO Jamie Dimon told Bloomberg Television in London. “We’re a litt…
Buying a Home? It’ll Cost You More. (When Will Prices Ease?)
By Dan Weil The median price for single-family existing homes jumped 15.7% in the first quarter from a year earlier to $368,200. A major element of the inflation gripping the economy is home prices, which just keep rising. The median price for single-f…
DeLorean Teases a ‘New Energy’ Car for Its Revival
By Rob Lenihan DeLorean looks to the future with an iconic vehicle from the past. “New day. New energy.” DeLorean Motor Co. wasted few words in its recent social media message as the automaker tweeted a brief clip of an electric version of the legendar…
MGM Resorts Makes a Bet on Europe Sports-Gambling Market
By Tony Owusu Legalized sports gambling more than doubled in 2021, and there is still room for more growth in both the U.S. and abroad. The global sports-betting market is expected to increase by $106.25 billion between 2020 and 2025, a compounded annu…
AMD Earnings Trade: Here’s What to Do Now
By Bret Kenwell Advanced Micro Devices stock jumped higher on earnings but is losing steam in the session. Here’s how to trade AMD stock from here. Shares of Advanced Micro Devices (AMD) – Get Advanced Micro Devices, Inc. Report are fading from Wednesd…
Tesla and Musk Have Bad News For Their Customers
By Luc Olinga The world leader in electric vehicles is shaken by disruptions to supply chains like the entire automotive industry. Patience. This is the word that some Tesla (TSLA) – Get Tesla Inc Report customers will have to learn to integrate into t…
Stocks and Bonds Rose Together. Now Both Are Faltering. What to Do?
By Dan Weil The S&P; 500 has slid 13% so far this year, and the Bloomberg U.S. Aggregate bond index has lost 10%. From 2009 until early this year, stocks and bonds largely rose together. But now they’re falling together. The S&P 500 has slid 13% so far…
Las Vegas Strip Girds for Proposed Major Change
By Daniel Kline MGM, Caesars, and the other Strip casinos are listening to a very big idea. The south and central sections of the Las Vegas Strip have become a mix of vehicular gridlock and pedestrian confusion. It’s not really a street that’s walkable…
Fed Tries to Engineer Soft Landing for Economy
By Dan Weil The central bank is expected to raise interest rates on Wednesday and then a number of times through year-end. As the Federal Reserve on Wednesday prepares to raise interest rates, it faces the key issue of how to get inflation under contro…