FAA says contractor unintentionally caused last week’s air-traffic outage
The Federal Aviation Administration said Thursday that a contractor working for the air-safety regulator had unintentionally deleted computer files used in a pilot-alert system, leading to an outage that disrupted U.S. air traffic last week. The agency, which declined to identify the contractor, said its personnel were working to correctly synchronize two databases—a main one and […]
Mortgage rates fall to lowest level since September 2022 and here’s how the Girl Scouts will keep women rolling in dough throughout their lives — beyond selling cookies
Hi, MarketWatchers. Don’t miss these top stories.Mortgage rates fall to lowest level since September 2022 — giving ‘much-needed boost’ to housing market The 30-year mortgage rate is averaging at 6.15%, Freddie Mac said in its latest weekly survey on Thursday. Read More ‘I have $30K in my savings account’: I’m 56, divorced, unemployed and mother […]
How the Girl Scouts will keep women rolling in dough throughout their lives
The Girl Scouts are known for being smart cookie sellers. But the organization is also working to keep its girls rolling in dough as they grow up. In fact, just in time for the new Girl Scout cookie season, Charles Schwab SCHW, -6.77% has teamed up with the Girl Scouts of the USA to “modernize and […]
Bad omen? Americans ate out less over the holiday season.
What’s one of the first things people do when they get worried about the economy? They cook more at home and eat out less. That’s what happened toward the end of 2022. Sales at bars and restaurants fell in both November and December — the first back-to-back monthly declines in almost a year. Receipts at […]
The 1980s was the blueprint for the upcoming disinflation cycle and these are the stocks for it, strategists say
Stocks are setting up for a third straight losing session after data sparked fears that the economy is losing steam, while the Fed pushes on with interest rate hikes. Or as CNBC commentator Ron Insana put it:On that front, our call of the day from Jefferies tackles that idea. “Disinflation is a key assumption for […]
Afraid of a recession and not ready to retire? Do this.
With talks of company layoffs and a possible recession, it’s prudent for older Americans who aren’t quite ready to retire to have a backup plan. Retirement Tip of the Week: Look over your resume, go through your list of contacts, brush up on any skills you need for your job and pretend you’re applying for […]
New Zealand Prime Minister Jacinda Ardern steps down: ‘I no longer have enough in the tank’
““I know what this job takes, and I know that I no longer have enough in the tank to do it justice. It is that simple.”” Those are the words of New Zealand Prime Minister Jacinda Ardern, who has announced she will not seek another term and will step down from her office by Feb. […]
Citigroup’s Jane Fraser is fine with remote work — as long as employees stay productive
Shape up or ship into the office. That was essentially the message Citigroup Inc. Chief Executive Jane Fraser had Tuesday for employees who slack off while working from home. While Citigroup C, -1.75% has been an outlier among Wall Street banks, offering a more flexible hybrid work schedule than most of its peers, that flexibility […]
This is the ‘sweet spot’ people are now willing to pay for a bottle of wine
Americans may be feeling financially constrained these days. And they may also be drinking less, as exemplified by the booming Dry January movement. But that’s not stopping them from spending $21 on a bottle of wine. That’s the price that has emerged as the consumer “sweet spot,” according to a new survey of more than […]
The Government Debt Threat Keeps Mounting: WSJ
If you thought the 2008 financial crisis was bad, wait until Washington has to stop borrowing. Source link