Trying to make sense of the Omicron market? Look at bank stocks
CNN
If you want to determine where investors think the economy is heading, it makes sense to turn to shares of banks.
Traditionally, banks boom during times of expansion and get hit hard during contractions as customers struggle to repay debts. They're also extremely sensitive to interest rates, which affect how much money banks can earn off loans.
Lululemon Athletica said on Thursday that its CEO, Calvin McDonald, will step down in January, after about seven years at the helm as the yogawear maker navigates a challenging consumer environment in the United States as well as growing competition from newer brands.
Wall Street got the rate cut it wanted. But with the Federal Reserve set to take a more cautious approach to trimming interest rates in 2026, investors are now left to wrestle with other concerns that had been put on the back burner while Fed rate cuts were top of mind.
Time has announced that the “architects of AI” are its Person of the Year. Certainly, AI is wrapping up an extraordinary year, and many AI business executives have become household names.
Disney is taking a $1 billion equity stake in OpenAI, while also striking a deal that would allow its famous characters be used on Sora, the AI company’s video generation platform.
The main reason Americans are upset about the economy: They are still adjusting to high prices that surged during years of runaway inflation that took place during former President Joe Biden’s term.
AI-generated videos showing what appear to be underage girls in sexualized clothing or positions have together racked up millions of likes on TikTok, even though the platform’s rules prohibit such content, according to new research from an online safety non-profit.
President Donald Trump is blaming his predecessor Joe Biden for the affordability crisis that is roiling the US economy – and politics.
There are signs steeper US tariffs, introduced by US President Donald Trump, are feeding through to higher prices for Americans. But they are also inflicting pain beyond US borders. We look at examples from around the world.
Just a year ago, Chinese manufacturers, fearing a new trade war, rushed to push out exports following the election victory of President Donald Trump, who had pledged to slap punishing tariffs on imports from China over America’s widening trade deficit with the country.
President Donald Trump has a few tried-and-true rhetorical strategies. He invokes what “many people are saying” when he needs to make an unsubstantiated claim. He riffs on nicknames for his political enemies. And he repeats a talking point relentlessly, hoping it’ll stick in people’s minds.
Paramount and Netflix are in a vicious tug-of-war over Warner Bros. Discovery.
The Fed is expected to cut interest rates Wednesday by a quarter point, lowering borrowing costs for the third time this year to support a weakening labor market. Follow for live news updates.
A new pro-AI network of political action committees is releasing its first candidate ads in the 2026 midterms, as the debate around artificial intelligence ramps up ahead of the elections.