The yield curve inversion is a telltale sign that a recession could be around the corner. But is it still reliable as an economic indicator?
Category Archives: business
Dow tumbles more than 900 points, Nasdaq drops 4 percent to close out brutal month
U.S. stocks sunk Friday with the Nasdaq Composite notching its worst month since 2008, as Amazon became the latest victim in the technology-led sell-off.
Ford recalls Explorer SUVs that can roll away while in park
Ford Motor Co. is recalling more than a quarter-million Explorer SUVs in the U.S. because they can roll away unexpectedly while shifted into park.
Most Americans don't support politicians punishing firms for their views, Reuters/Ipsos poll finds
A Reuters/Ipsos poll found that most U.S. voters oppose politicians punishing companies over their stances on social issues, as Ron DeSantis has done to Disney.
Elon Musk told banks he will rein in Twitter pay, make money from tweets
Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets, three people familiar with the matter said.
Elon Musk sold around $4 billion worth of Tesla shares as he moved to buy Twitter
Elon Musk sold roughly $4 billion worth of Tesla shares in the days following his bid to take Twitter private, according to filings with the Securities and Exch
Google now takes requests to remove personal info from search results
Have you found your personal info on a webpage that you don’t want shared? Google is now taking requests to remove those webpages from its search results.
FDA to issue plan banning menthol in cigarettes, cigars
The FDA will layout its long-awaited plan to ban menthol cigarettes, which have taken a disproportionate toll on Black smokers.
U.S. economy shrinks in first quarter of 2022, but consumers kept spending
The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a 1.4 percent annual rate.
Disney-governed district in Florida responds to efforts to dissolve it
The Walt Disney Company’s special governing district in Florida has responded to a new law seeking to dissolve it, saying the state would be on the hook for