Wholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the inflation surge may have passed.The producer price index, which measures final-demand costs for businesses, declined 0.5% for the month, against expectations for a 0.1% increase from the Dow Jones consensus, the...
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Ray Dalio says U.S. reaching an inflection point where the debt problem quickly gets even worse
Soaring U.S. government debt is reaching a point where it will begin creating larger problems, Bridgewater Associates founder Ray Dalio said Friday.The hedge fund titan warned during a CNBC appearance that the need to borrow more and more to cover deficits will exacerbate the political and social problems the country...
Mark Cuban: Any billionaire who says they ‘could do it all again’ from scratch is ‘lying their ass off’
Mark Cuban worked hard to amass his net worth — currently estimated at $6.2 billion — creating multiple successful businesses and investing in promising startups.If he had to start over from scratch, he probably wouldn't be nearly as successful the second time around — and the same goes for every...
Disney’s box office problems ramp up pressure on CEO Bob Iger and studio chief Alan Bergman
Bob Iger, Disney, at Apple programSource: AppleIt's rare for Disney Chief Executive Bob Iger to acknowledge his company has had creative missteps. So when he does, it's probably wise to pay attention."As I've looked at our overall output, meaning the studio, it's clear that the pandemic created a lot of...
Top Wall Street analysts are confident in the long-term potential of these stocks
A man check his phone near an Apple logo outside its store in Shanghai, China September 13, 2023. Aly Song | ReutersCompanies are feeling the ill effects of dampening consumer demand in a range of sectors, but select names are confident they can deliver solid growth even as the economy becomes...