U.S. markets closed
  • Business

    Why a record number of container ships are chilling off the California coast

    As retailers gear up for the holiday season, a record number of container ships trying to bring imported goods into the US are stuck off the coast of California, another casualty of ongoing disruptions to the global supply chain. Sixty-five vessels were waiting to dock at the ports of Los Angeles and Long Beach in the San Pedro Bay Sept. 16, according to the Marine Exchange of Southern California, a record high. Captain Kip Louttit of the Marine Exchange told Quartz that an unprecedented 23 of these ships are in a drift area—meaning there is no room for them to anchor in the water.

  • Business

    S&P 500 closes below a key bullish trend line for the first time since June, signaling bearish tilt

    The broad-market S&P 500 index closed below it is a short-term trend line for the first time since mid-June, signaling that a bearish turn is taking hold of the U.S. stock market ahead of the rate-setting Federal Open Market Committee meeting next week.

  • Business

    Restaurant etiquette debate: Should you add a tip when you order takeout food?

    More than half of Americans (56%) started tipping more for restaurant food last year, according to a new Bank of America survey. Should you join them?

  • Business

    Why Wait for a Crash? These 3 ‘Strong Buy’ Stocks Are Already Down Over 20%

    How are we going to find a way forward in today’s market environment? The general trend is upwards – the S&P 500 has gained 20% so far this year, and the NASDAQ is close behind at 19% – but market strategists at Goldman Sachs are predicting a pull back before the end of the year, and have scaled back their growth forecast for the S&P to from 6.2% to 5.7%. August’s weak jobs report and rising inflation prompted their shift. Looking at the headwinds, Goldman’s Ronnie Walker says, “The Delta varian