Overall Halloween spending is expected to break a record $12.2 billion this year, the National Retail Federation reports, with the average person spending $108.
The Federal Reserve’s rate hikes are making it more painful for companies that need fresh debt, says Torsten Slok, chief economist at Apollo Global Management.
Intel gave its new AI chips top billing during the company’s developer conference Tuesday, but the chip maker’s financial chief appeared to steal the show.
Oil prices set another 2023 high this week as concerns about a tightening oil market pushed the Brent benchmark crude close to $100 a barrel, complicating the Federal Reserve’s effort to bring down inflation ahead of the September policy meeting and raising fears that a U.S. recession might be still on the horizon.
U.S. stocks are up in 2023, but the S&P 500 has fallen to the bottom of its bullish trading channel as the index slumps so far this month, according to Bespoke Investment Group.
The 40-year period from 1980 to 2020 characterized by mostly economic expansion will likely be replaced by more frequent recessions, Deutsche Bank said.