The next few days may reveal whether investors have been riding one big suckers rally, says this strategist.
Stock futures are pointing due south as caution grips investors following Friday’s monster jobs beat. While subject to revisions, that 517,000 surge in U.S. jobs may have shredded hopes among some that the Fed will be done with rate hikes sooner rather than later. “Half a million jobs, climb down off the wall, call the recession […]
McDonald’s earnings haven’t been hit by higher prices, as ‘it just seems like Americans are more upset by the change in price at grocery stores’
Rising prices have kept diners away from many restaurants, but not McDonald’s Corp. As the ubiquitous burger chain prepares to report fourth-quarter results on Tuesday with its stock close to record highs, Wall Street could get pickier about signs of the company’s growth, though analysts were largely upbeat heading into the report. Some said McDonald’s […]
Where is Monterey Park and what does the shooting mean to Asian-Americans?
The mass shooting in Monterey Park, Calif., stunned the Asian-American community. Not only because the shooting happened on Lunar New Year’s Eve, but also because it happened in Monterey Park, a predominantly Asian city that holds a special place in the Asian-American landscape. On Saturday night, a gunman opened fire at a party inside the… […]
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 […]
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 […]
Looking to lose weight? Why you may want to eat some Fritos instead of a bagel.
If you’re trying to stick to your New Year’s weight-loss resolution, you may also be trying to figure out which foods to reach for when hunger hits. Some recent dietary research from Tufts University offers surprising guidelines about what constitutes healthy choices. As in, you may be better off snacking on Fritos PEP, -0.31% or […]
A new Sriracha? The big food trends of 2023 include a spicy Japanese condiment
What will you be eating in 2023? It’s a good question. While your daily diet will likely stay the same — are you really going to give up your beloved morning brew or forsake your favorite snack item? — you may find yourself wanting to try something different. And the culinary world is quick to […]
The housing market is showing signs of ‘normalizing’ and IRS says ‘Tax Day’ will be different this year — put these important tax dates on your calendar
Hi, MarketWatchers. Don’t miss these top stories.IRS says ‘Tax Day’ will be different this year — put these important tax dates on your calendar Two thirds of households received income-tax refunds last year, IRS statistics show. Read More U.S. mortgage rates slip, giving some relief to homebuyers The 30-year mortgage rate is averaging at 6.33%, […]
The Dry January question: Would you pay $17 for a cocktail without alcohol?
When diners make their way to Esmé, a Michelin-starred Chicago restaurant known for its fanciful tasting menu, they have the option of pairing their food with an equally fanciful array of cocktails.The drinks range from one called Curried Corn, made with corn stock and an array of spices, to another dubbed Johnny Apple Tea, prepared […]
‘He is financially secure and owns two homes’: I finally met the man of my dreams, but he treated our waitress like dirt and tipped her 10%. Am I overreacting?
Dear Quentin, I’ll keep this short, as I don’t take any pleasure in reliving it. I have corresponded with a man for two months on a dating site that shall remain nameless (except to say it starts with T and ends in R). He had a very strong and decisive personality, which I liked, and […]