A guide to the U.K.’s new prime minister

New Conservative Party leader and incoming prime minister Liz Truss reacts as she leaves the Conservative Party Headquarters in central London having been announced the winner of the Conservative Party leadership contest at an event in central London on September 5, 2022. Niklas Halle’n | Afp | Getty Images LONDON […]

MATANA is the new FAANG, analyst says

It’s time to rethink who’s at the top of the Big Tech food-chain, Constellation Research Principal Analyst & Founder Ray Wang told Yahoo Finance Live (video above). Wang argued that MATANA — Microsoft (MSFT), Apple (AAPL), Tesla (TSLA), Alphabet (GOOG, GOOGL), Nvidia (NVDA), and Amazon (AMZN) – is an upgrade […]

What to know this shortened week

The stock market is poised for more turbulence this week when investors return to Wall Street on Tuesday for a holiday-shortened trading week. U.S. markets will be closed on Monday in observance of Labor Day. All three major averages slid late in Friday’s session to cap a third-straight week of […]

Shoppers won’t even buy clearance items right now

Most analysts would agree Nordstrom has arguably the best-looking department stores and customer service in the game. Even those great attributes don’t appear to be enough currently, though, as U.S. consumers shun discretionary purchases like apparel with inflation raging. The stress on consumer budgets has reached a point where a […]

Trump once again says economic data is fake news

Donald Trump has assailed the government’s official economic data this summer by calling it “phony” or “fake news.” He likes to say the “actual” number for jobs statistics or the inflation rate would be much more flattering to him — and would look worse for President Joe Biden. It’s a […]

4 ways it will kick in right away

The signing Tuesday of the Inflation Reduction Act is set to kick off a parade of action from the Biden administration and other Democrats to sell the bill to the public. While some analysis shows it won’t meaningfully reduce inflation, the so-called IRA will devote hundreds of billions of dollars […]