“Consumers are not saving less today because they have suddenly stopped caring about the proverbial rainy day; they’re saving less because their paycheck is struggling to keep up with inflation,” one economist said.
Shares of an exchange-traded fund focused on stocks in India were climbing sharply Monday, as investors await results of the country’s general election.
After three years of Reddit silence, the investor known as Roaring Kitty revealed on Sunday evening that he was holding a massive GameStop position. As of market open on Monday, that position would be worth over $386 million.
Hertz’s stock slid further into record-low territory Monday, after the car-rental company said its chief financial officer was leaving the company, less than a year after taking the job.