But count me out of the big cream-filled (or jelly-filled) party — and not because I’m on one of my perpetual diets. Rather, it’s because I mourn the state of the American doughnut. I’m old enough to remember a time when the doughnut reigned supreme in this country. I’m talking…

Financial markets are increasingly pricing in expectation of a June interest-rate hike by the Federal Reserve, and if the central bank doesn’t want to go through with one, time is running out to push back. That’s according to Tim Duy, chief U.S. economist at SGH Macro Advisors, looking at recent…

© Reuters. FILE PHOTO: The listing of Mobileye Global Inc., the self-driving unit of chip maker Intel Corp, is seen at the Nasdaq MarketSite, at Times Square in New York City, U.S., October 26, 2022. REUTERS/Shannon Stapleton (Reuters) – Intel Corp (NASDAQ:) is offering 35 million shares of Class A…

Investing.com — Gold prices fell slightly on Monday amid uncertainty over whether the Federal Reserve will hold interest rates steady later this month, while concerns over weakening economic growth pulled copper prices down. The yellow metal fell on Friday after U.S. data read much stronger than expected for May, which…

(Updates prices throughout story, adds analyst comment in paragraphs 7 and 8, recasts lede and paragraphs 2, 3 and 4 to reflect comments from Fed governor) By Hannah Lang WASHINGTON (Reuters) – The U.S. dollar retreated from a more than two-month high on Wednesday after a Federal Reserve official warned…

By Maria Martinez BERLIN (Reuters) -A drop-off in spending by inflation-hit consumers was one of the main reasons Germany fell into recession in the first quarter, even as other countries in the region managed to avoid it. What’s more, even with inflation starting to ease across Europe, the signs are…

OBSERVATIONS FROM THE FINTECH SNARK TANK On the heels of the success (i.e., growing adoption) of digital wallets from Apple, Google, and PayPal, some large banks—including Wells Fargo, JPMorgan Chase, and Bank of America—have launched their own digital wallet, Paze, through Early Warning Services, which provides the Zelle person-to-person (P2P)…

There is a lot going on with regards to digital assets this week. The future of digital assets seems uncertain to some commentators due to legal actions taken by the Securities and Exchange Commission (“SEC”) against two leading crypto exchanges: Binance and Coinbase COIN . So, let’s try to put…

Summary GMO was buying Sunrun and Alphabet in the first quarter of 2023. Meanwhile, it was selling U.S. Bancorp and American Express. Jeremy Grantham (Trades, Portfolio)’s GMO LLC recently disclosed its 13F portfolio updates for the first quarter of 2023, which ended on March 31. Grantham is a co-founder and…

Topline Tesla CEO Elon Musk reclaimed his throne as the richest man on earth Thursday, wrestling the title away from LVMH chairman Bernard Arnault as shares of Musk’s electric vehicle giant surged to their highest level this year. Key Facts Tesla stock rallied 4.6% to $235 in Thursday trading, notching…