Silver futures post their highest settlement since 2013 on Wednesday, and gold futures rallied, after U.S. government data revealed a slowdown in the rate of inflation, feeding expectations for interest-rate cuts this year. ... Read full Story
By MarketWatch.com | Tomi Kilgore | 5/15/2024 2:27 PM
Shares of Nio Inc. pulled a U-turn to trade sharply lower Wednesday, wiping out the bulk of their gains made in the wake of the Biden administration’s new tariffs on electric-vehicle imports from China. ... Read full Story
Sen. Elizabeth Warren and dozens of other Democratic lawmakers have pushed this week for President Joe Biden to use his executive authority to drive grocery chains toward lowering their prices. ... Read full Story
By MarketWatch.com | Greg Robb | 5/15/2024 8:47 AM
Retail sales were unchanged in April, the Commerce Department said Wednesday. Sales at gasoline stations offset weakness in autos and several other categories. ... Read full Story
The Kobeissi Letter’s Adam Kobeissi has been a faithful and largely accurate bull since the S&P 500’s October lows. He’s still bullish but says get ready for some choppiness. ... Read full Story
From blocking preretirement withdrawals to accounting for long-term care of family members, improving the nation’s most popular retirement-investing tool is one of the Best New Ideas in Money. ... Read full Story
“In 2023, Royal Caribbean's bookings hit an all-time high ahead of the launch of its newest ship, the Icon of the Seas. Interest has yet to wane: The three strongest booking weeks in the company’s history were at the start of 2024 and ‘wave season,’ when cruise lines typically roll out flashy discounts to incentivize reservations.” — Brittany Chang, Business Insider, 20 Mar. 2024
Did you know?
In her book Braiding Sweetgrass, scientist Robin Wall Kimmerer, an enrolled member of the Citizen Potawatomi Nation, recounts some of the stories of her people surrounding Windigos, fearsome, shrieking monsters that prey on human flesh: “The Windigo is most powerful in the Hungry Times. With the warm breezes his power wanes.” Wane is a verb used when something—such as strength, power, or influence—decreases or diminishes, usually with the implication that the lessening is gradual, natural, or—as in the case of the Windigo—seasonal. Daylight wanes, as does summer. In a classroom, one’s attention may be said to wane if, minute by minute, one becomes more interested in watching birds through the window than following the points of the professor’s lecture. For centuries, wane has also been called upon to describe the seeming decrease in the size of the moon in the later phases of the lunar cycle. The traditional opposite of wane is wax, a once common but now rare synonym of grow. Wane and wax have been partnered in references to the moon since the Middle Ages.