A gauge the Federal Reserve uses for inflation rose slightly in November and edged closer to the central bank's goal.The core personal consumption expenditures price index, which excludes volatile food and energy prices, increased 0.1% for the month, and was up 3.2% from a year ago, the Commerce Department reported...
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Booking, Agoda or Expedia? A review of 200,000 hotel searches shows which has the best rates
Vacations can be fabulously relaxing.But booking one is another story.The average traveler views 141 pages of travel content in the 45 days prior to booking a trip, according to an Expedia Group report.The most popular site to visit was an OTA — or "online travel agency" — which is an...
Nike sinks 10% after it slashes sales outlook, unveils $2 billion in cost cuts
A customer enters a Nike store along the Magnificent Mile shopping district in Chicago on Dec. 21, 2022.Scott Olson | Getty ImagesNike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered its sales outlook.The stock fell about 10% after hours....
Generative AI has landed on Wall Street. Here’s how it can help propel ‘massive’ revenue growth
Yuichiro Chino | Moment | Getty ImagesLike it or not, generative artificial intelligence has arrived on Wall Street — and experts expect it to transform the way firms do business.To be clear, artificial intelligence, like natural language processing and machine learning, has been used by wealth management and asset management...
James Gorman talks Disney succession, proxy fight as he gears up to join board
Morgan Stanley CEO James Gorman said Thursday that he's gearing up to join a succession planning committee at Disney, which will advise the board on choosing CEO Bob Iger's successor.Gorman is set to step down as Morgan Stanley CEO Jan. 1. He will join Disney's board in February.Disney announced last...