Business

How to protect yourself from bond market pain

It has been a rough few weeks for bond investors. With more uncertainty to come, it might be time to look at some hedging options. This was supposed to be the time when long-suffering fixed-income investors finally earned their reward. After forcing bondholders to endure months of “higher-for-longer,” the Federal…

Roaring Kitty sells stake in Chewy

Keith Gill, the famed meme stock trader and influencer known as “Roaring Kitty,” no longer owns any shares of Chewy after taking a 6.6% stake in the company over the summer, according to a Tuesday filing with the Securities and Exchange Commission. Shares of Chewy were volatile on Tuesday, and…

US economy grew 2.8% in the third quarter, slower than expected

The U.S. economy grew slightly slower than expected in the third quarter amid easing inflation and strong consumer spending. The Commerce Department’s Bureau of Economic Analysis released its advance estimate for third-quarter gross domestic product (GDP), which found the U.S. economy grew at an annual rate of 2.8% in the…

Private sector job growth surges in October, ADP says

Companies in the private sector added 233,000 jobs in October, payroll processing firm ADP said on Wednesday. The figure is well above economists’ estimates of 114,000 jobs and September’s larger-than-expected increase of 143,000 jobs.”Even amid hurricane recovery, job growth was strong in October,” said Nela Richardson, ADP’s chief economist. “As…

Halloween candy aisles see shift amid sky-high cocoa prices

Trick-or-treaters can expect to see a trend this Halloween that might be scary to some: fewer chocolate candies in their bags than in years past. A shortage of cocoa beans over the past year has sent prices for the key ingredient for chocolate soaring, leading candy companies and consumers alike…

What do betting markets say about control of Congress?

Election Day is less than a week away and voters are already heading to the polls and mailing in their ballots, and betting markets have weighed in on whether Republicans or Democrats are favored to win control of Congress. Control of both the House of Representatives and Senate have been…

McDonald’s CEO apologizes to customers after E. coli outbreak

McDonald’s CEO Chris Kempczinski apologized to customers on Tuesday after an outbreak of E. coli that has sickened dozens and left one dead was linked to its Quarter Pounder hamburgers. “On behalf of the entire system, we are sorry for what our customers have experienced,” Kempczinski said during the company’s…

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