Comerica, Inc. to Host Earnings Call

Fortune
Jamie Dimon says Americans are on an economic ‘sugar high’—and he’s urging clients to batten down the hatches and prepare for rates to hit 7%
The JPMorgan CEO spelled out what he sees as the worst-case scenario for the U.S. economy, and warned that not everyone would be able to withstand it.
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Bloomberg
Elon Musk Says Auto Union’s Demands Would Bankrupt Big Three Carmakers
(Bloomberg) -- Tesla Inc. Chief Executive Officer Elon Musk blasted the United Auto Workers Tuesday, saying the union’s demands would “drive GM, Ford and Chrysler bankrupt in the fast lane.” Most Read from BloombergDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesTrump Found Liable for Fraud in New York Attorney General’s CaseChina
9h ago
Fortune
The S&P is heading below 3,000. Basic math (and a metric beloved by famed economist Robert Shiller) suggests it
Stocks have suffered a rough September, with the S&P 500 dropping from 4,516 at the month's start to 4,275. Look out below?
8h ago
Benzinga
Jeff Bezos's Former Housekeeper Sued Him, Alleging That 14-Hour Shifts And Lack of Bathroom Access Led to Frequent UTIs; Claims She Was Only Allowed To Eat In The Laundry Room And Faced Racial Discrimination — Hired To Work Without Being Seen By The Family
Mercedes Wedaa, a former housekeeper for Amazon.com Inc. Founder Jeff Bezos, filed a lawsuit against him and two companies responsible for managing his properties. The lawsuit, filed in November 2022 in Seattle, claims that she and other employees worked in unsafe and unsanitary conditions for extended 14-hour shifts without breaks. According to Wedaa, she was hired in 2019 with the requirement that she "work around a family without being seen." Trending: Until 2016 it was illegal for retail inv
13h ago
Investor's Business Daily
Soleno Catapults 505% After Its Pill Controls Hunger In Obesity-Causing Genetic Disease
Soleno said Tuesday its experimental pill helped control hunger signals in a genetic disorder. In response, SLNO stock skyrocketed.
9h ago
TipRanks
Insiders Pour Millions Intro These 2 Beaten-Down Stocks, Analysts Say They Could Be Ready to Bounce Back — Here’s Why You Should Take Notice
In the world of stock markets, a well-known adage prevails: insiders may sell shares of their own companies for a myriad of reasons, but their decision to buy stock typically hinges on one belief – that the shares are set to rise. By insiders, we mean the corporate officers that sit on company boards and are the in-the-know types with access to the sort of information not available to the casual investor. By law, they are required to make their purchases public, thereby keeping the playing field
15h ago
TipRanks
Buy These Green Hydrogen Stocks, Analyst Says, Forecasting up to 65% Upside
All energy comes with a cost. Fossil fuels, the world’s mainstay, have a high pollution footprint and a dangerous environmental impact, while solar and wind power, frequently touted as options in lieu of hydrocarbons, have extremely low energy densities, intermittent energy production, and a high dollar-cost for installation. This has engineers seeking out alternatives to both, and hydrogen fuel is frequently touted as just such an alternative. Hydrogen solves the problems inherent in fossil fue
8h ago
SmartAsset
Schwab Says Doing This Could Potentially Double Your Retirement Savings
After beginning the year at record levels, global events have caused market volatility to jump and equities to fall. The S&P 500 Index is experiencing its first major correction since 2020, so investors are understandably looking to safeguard their assets. … Continue reading → The post Schwab Says This Can Double Your Retirement Savings appeared first on SmartAsset Blog.
13h ago
Yahoo Finance
Rivian CEO: We're not worried about Tesla's Cybertruck
Rivian CEO RJ Scaringe isn't losing sleep over Tesla's Cybertruck, even though the two companies' high-end electric pickups are set to compete.
4h ago
Yahoo Finance
Target closes 9 stores in response to retail theft, adds locked cases at some stores
Target expects to lose roughly $1.2 billion in profits from retail theft in 2022 and 2023.
10h ago
SmartAsset
I Have $1 Million in a 401(k) and Will Receive $2,500 Monthly From Social Security. Can I Retire at 65?
Do you have enough money to retire? There are many different ways to look at this, but the most common is to break it down simply: money in vs. money out. How much income can you generate from your retirement planning, and how much will you need to spend? Here, say that you have $1 […] The post I Have $1 Million in a 401(k) and Will Receive $2,500 Monthly From Social Security. Can I Retire at 65? appeared first on SmartReads by SmartAsset.
17h ago
FreightWaves
85-year-old Indiana trucking company files for Chapter 11
An 85-year-old Indiana-based trucking and logistics company and its affiliates recently filed for Chapter 11 bankruptcy protection less than nine months after it was acquired by private-equity firm Transport Acquisitions. The post 85-year-old Indiana trucking company files for Chapter 11 appeared first on FreightWaves.
2d ago
Yahoo Finance
People are having trouble paying off their credit cards, and these 2 department stores could be in trouble
There is growing risk to the financials of two big department stores as consumers deal with rising interest rates.
14h ago
Autoblog
Trump’s latest villain: Electric vehicles
Nobody makes enemies like Donald Trump, and his 2024 presidential election campaign promises some interesting new ones. The most recent: electric vehicles.
10h ago
Reuters
Target to shut 9 stores across 4 US states amid rising retail crime
Despite heavy investments in security, the company continued to face "fundamental challenges" to running the stores safely, the retailer said. It operates nearly 2,000 stores across the United States. "We cannot continue operating these stores because theft and organized retail crime are threatening the safety of our team and guests, and contributing to unsustainable business performance," Target said in a statement.
9h ago
American City Business Journals
This biotech went public 3 years ago at $14 per share. Here's how its stock cratered to 27 cents
The company's stock soared to close to $80 in March 2021 and it grabbed 84,000 square feet of space in South San Francisco. Two years later, it went fully remote.
1d ago
Benzinga
Charlie Munger Emphasizes Self-Awareness And Strategy: 'I Don't Play In A Game Where The Other People Are Wise And I'm Stupid. I Look For A Place Where I'm Wise And They're Stupid'
At age 99, Charlie Munger, vice chairman of Berkshire Hathaway Inc. and a Daily Journal board member, is a man many are eager to listen to. People tend to hang on to his every word like gospel. His decades of experience in investing, governance and law have given him a unique perspective on business and life, making his insights invaluable to anyone seeking wisdom. Don’t Miss: Goldman Sachs says: Portfolio(s) with a slice of real assets [like art] performed even better than the 60/40 over the lo
1d ago
CBS MoneyWatch
Donald Trump and his company "repeatedly" violated fraud law, N.Y. judge rules
"The documents here clearly contain fraudulent valuations that defendants used in business," Judge Engoron wrote in his ruling, ordering Trump's New York business certificates canceled.
8h ago
Reuters
US judge overturns Eli Lilly's $176.5 million loss in Teva patent case
Drugmaker Eli Lilly convinced a federal judge in Massachusetts on Tuesday to overturn a $176.5 million jury verdict for Teva Pharmaceutical that found Lilly's migraine drug Emgality infringed three patents related to Teva's rival drug Ajovy. U.S. District Judge Allison Burroughs said in a post-trial ruling that the Teva patents covering the use of antibodies to inhibit headache-causing peptides were invalid. "The Court does not reach this decision nor overturn a jury verdict lightly," Burroughs said.
8h ago
Bloomberg
Long-Treasury ETF Plunges Record 48% as Market Meltdown Worsens
(Bloomberg) -- The largest long-dated bond ETF is suffering its biggest drawdown on record as the Federal Reserve’s higher-for-longer interest rates start to sting. Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesDimon Warns World Not Ready for 7% Fed Rate: Times of IndiaCostco Offers Members $29 Online Health Care VisitsIndia-Canada Clash Should Be a Wake-Up CallBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapThe $39 billion iS
1d ago

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Comerica, Inc. to Host Earnings Call

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Jamie Dimon says Americans are on an economic ‘sugar high’—and he’s urging clients to batten down the hatches and prepare for rates to hit 7%

Elon Musk Says Auto Union’s Demands Would Bankrupt Big Three Carmakers

The S&P is heading below 3,000. Basic math (and a metric beloved by famed economist Robert Shiller) suggests it

Jeff Bezos's Former Housekeeper Sued Him, Alleging That 14-Hour Shifts And Lack of Bathroom Access Led to Frequent UTIs; Claims She Was Only Allowed To Eat In The Laundry Room And Faced Racial Discrimination — Hired To Work Without Being Seen By The Family

Soleno Catapults 505% After Its Pill Controls Hunger In Obesity-Causing Genetic Disease

Insiders Pour Millions Intro These 2 Beaten-Down Stocks, Analysts Say They Could Be Ready to Bounce Back — Here’s Why You Should Take Notice

Buy These Green Hydrogen Stocks, Analyst Says, Forecasting up to 65% Upside

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Target closes 9 stores in response to retail theft, adds locked cases at some stores

I Have $1 Million in a 401(k) and Will Receive $2,500 Monthly From Social Security. Can I Retire at 65?

85-year-old Indiana trucking company files for Chapter 11

People are having trouble paying off their credit cards, and these 2 department stores could be in trouble

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This biotech went public 3 years ago at $14 per share. Here's how its stock cratered to 27 cents

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Donald Trump and his company "repeatedly" violated fraud law, N.Y. judge rules

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Long-Treasury ETF Plunges Record 48% as Market Meltdown Worsens