Faltering Macy’s to Close 66 Stores, With New York, Florida and California Hit Hard
More than 60 underperforming Macy's stores are on the chopping block. California, Florida, and New York will see the most store closures.
All Work
Douglas A. McIntyre
The S&P 500 Dropped 19% in 2022. Could It Happen Again?
Several things on the horizon could knock the S&P 500 down this year. These include weak earnings from big tech companies and a surge of inflation triggered by stiff tariffs.
Apple’s Stock Too Expensive on Sell-Off Threat
Apple Inc. (NASDAQ: AAPL | AAPL Price Prediction) is the world’s most valuable company based on its market cap. Based on trouble in China alone, its stock is way too expensive. Apple is worth…
Social Security Falling Apart, as Plans to Fix It Expand
Social Security will not be able to pay all its obligations by 2035, according to its own estimates. While a drop in payments will affect everyone in the program, those paid by it in…
Watch Out for 70% Egg Price Inflation as Price Surges Could Bite
The price of a dozen large white eggs was $2.14 last year. The figure has risen to $3.65 in November, according to the Bureau of Labor Statistics. The increase is 70%. The reason is…
For Some Americans, AI Is Coming to Take Your Job, and You Can’t Stop It
Artificial intelligence has become a threat to jobs across many industries. Millions of Americans will lose their jobs to automation in the next decade.
Elon Musk’s Net Worth Just Dropped by $6 Billion
Elon Musk's net worth has been slipping so far this year. That is largely due to Tesla's shrinking market cap as EV demand weakens.
Rich Residents of Burning Palisades Make Over $350,000
The Pacific Palisades wildfires remain out of control, and a significant number of multimillion-dollar homes could be lost in the flames.
‘Drill, Baby, Drill’ Could Keep America’s Gas Prices Low
Because the incoming administration plans to let oil companies expand the footprint of where they operate, inventory of petroleum products will be plentiful.
Billionaire Nvidia CEO Huang Loses $8 Billion on Company News
Nvidia suffered a stock sell-off after announcing several new initiatives. This took the net worth of CEO Jensen Huang down by $7.8 billion.
Ford Stock Returns to 2021 Level
Ford stock is trading at about the same level as in January 2021. The company has no way to save itself from an overwhelming onslaught to its sales.
Rivian Shares Down 88% in 2 Years
Rivian stock has retreated 88% since its initial public offering. Abysmal unit sales and quarterly losses mean the share price is unlikely to recover.
Nvidia’s $3.66 Trillion Market Cap Nears Apple’s
CEO Jensen Huang says Nvidia will substantially increase its business footprint. It is now the second most valuable company in the world, just behind Apple.
The Most Dangerous State for Driving in Bad Weather
Weather is a big consideration when it comes to car accidents. A recent analysis reveals that some states are much more dangerous than others.
7% Mortgage Rate Raises Monthly Payment by $1,000
The average 30-year fixed mortgage rate is much higher than four years ago. The landscape of home ownership recently has changed substantially.
Microsoft To Invest $80 Billion On AI Data Centers
According to its management, Microsoft (NASDAQ: MSFT | MSFT Price Prediction) will invest $80 billion in data centers over the next year. To put this in some context, Microsoft’s revenue in the most recently…
Apple’s Deep Trouble In China
Apple’s (NASDAQ: AAPL | AAPL Price Prediction) fortunes were troubled in China late last year. It cannot afford to have a drop in sales in what is the world’s largest smartphone market by far—the…
Ford F-Series Sales Make It The Top Selling Truck in America
Ford (NYSE: F) sold 765,649 F-Series pickups last year, up 2%. This made it the best-selling truck in America for 48 years. (Ford launched it in 1948.) It is also 37% of Ford’s sales…
Ford F-150 Lightning Battered In 2024
Ford Motor (NYSE: F | F Price Prediction) sold 530,660 vehicles in the US in the fourth quarter, up an impressive 8.8% from the same quarter the year before. Its EV sales were less…
Prices Fall in America’s Richest Housing Market
After years of increasing values, the U.S. real estate market has weakened. In America's richest housing market, prices have fallen more than 2%.