Business

Earnings prospects for companies in the S&P 500 Index are deteriorating rapidly – yet analysts can’t raise their price targets fast enough. Think of it as the stock market split of 2023. The two seemingly irreconcilable trends reflect how much stock prices are being driven by speculation that the Federal Reserve is nearing the end of its most aggressive cycle…

Much like the Beatles, millennials get by with a little help from their friends. That is, if they are friends with their parents. 35 percent of Millennials say their parents pay at least one of their monthly bills, according to a survey OnePoll conducted for Chartway Credit Union of 2,000 Americans between December and January. Housing is one of the…

Cancer vaccines – it’s a concept seemingly ripped from the plot of a futuristic sci-fi movie or the pages of a decades-old utopian novel way ahead of its time. But such miracles of science exist today. And while there’s still work to be done, they’ve been preventing cancer and saving lives for more than four decades. “If you took a…

California on Friday approved a plan to make flag football a high school sport for girls as the game grows in popularity and more female athletes come onto the field. The move by the California Interscholastic Federation — the statewide organization that governs high school athletics — makes flag football an official sport for girls in the nation’s most populous…

The founder and CEO of ARK Investment Management said Thursday that she and her team misjudged the adoption of cryptocurrency — or at least the timing — by corporations and governments. Your company has invested heavily in Bitcoin and continues to bet on its eventual rise to meteoric heights. “We’ve softened a few assumptions,” she told Bloomberg Radio on Thursday.…

Frontier Airlines is rolling out an all-you-can-fly pass for summer travel that could pack the airline this holiday season. The discount airline is charging $399 for their GoWild! Summer Pass, which gives buyers unlimited flights (at one cent each) for five months between May and September. All domestic and international routes are included, including Puerto Rico, Mexico and Latin America.…

Disney on Thursday made clear what it thinks of Nelson Peltz and his direct appeal to shareholders to elect the activist investor to the board. Throw it straight into the trash can. The House of Mouse, which has been under the leadership of returning CEO Bob Iger since November, said granting Trian Fund Management co-founder a seat at the table…

The US is tracking a suspected Chinese surveillance balloon that has been sighted over US airspace for a few days, but the Pentagon has decided not to shoot it down due to the risk of harm to people on the ground, officials said Thursday. The discovery of the balloon puts additional strain on US-China relations at a time of heightened…

Hindenburg Research, the financial research firm with a explosive name and a track record that has sent its targets stock prices plummeting, takes on one of the world’s richest men. Hindenburg is back in the headlines after he accused Indian conglomerate Adani Group of “brazen stock manipulation and accounting fraud” last week. It cited two years of research, including interviews…

Charlie Munger is not a fan of crypto. As vice chairman of the nearly $700 billion megaconglomerate Berkshire Hathaway, Munger Warren has helped Buffett make billions for investors since 1978 by employing a strictly fundamentals-based approach to acquiring “quality companies.” And he believes cryptocurrencies represent the opposite strategy, arguing that the entire industry is “part fraud and part deception.” In…