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.
The 2023 Kia EV6 enters its second year of existence as one of the most desirable new electric vehicles. Pricing starts at $48,700—and much lower in California
It hasn’t been a great year for investors to own stocks in the utilities sector – the worst-performing part of the U.S. stock market so far in 2023 – but that could be coming to an end.
Corporate distress is on the rise due to higher interest rates, but companies also recently earned a record amount on cash, Treasury and agency debt holdings, according to Guggenheim Investments.