The First Slice for Tuesday, May 31, 2022
Stocks could carry the momentum of this latest rally into next week as investors look ahead to Friday’s jobs report. All three major indices scored big gains in the past…
Why Americans Feel The Toll Of High Inflation Beyond Gas Pumps & Grocery Stores — NPR
This is a fragile moment for the U.S. economy. Many people are feeling the steep rise in the cost of gas and groceries, and some are having to decide whether…
Worry about stagflation, a flashback to the ’70s begins to grow — NewsNationsNow
Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines at gas stations, shuttered factories, and President…
Wendy’s Has a Frosty Summer Menu Surprise — Ledger-Enquirer
The fast-food chain has made a big change to one of its most popular offerings. Over the past year, Wendy’s (WEN) – Get Wendy’s Company Report has focused more on…
GM Increases Prices Across the Board With Hikes To Destination Fees — The Drive
General Motors quietly hiked prices for nearly every car across its range, including Cadillac, Chevrolet, and Buick models. The increases aren’t surprising in a market still constrained by a lack of supply…
Florida is the least affordable place to live in the U.S. — CBS News
Sally Starkey thought moving from Chicago to Florida would be easy. The 33-year-old publicist moved to Naples, Florida, when her husband got a nearby job. Familiar with the area from…
Help (mostly) wanted: A diverging job market boosts some workers’ prospects and puts others on notice — CNBC
Cracks are forming in the U.S. labor market as some companies look to curb hiring while others are desperate for employees. Microsoft, Twitter, Wayfair, Snap and Facebook-parent Meta recently announced they plan to be more conservative about…
This Day in Market History: May 31 — Benzinga
On this day 15 years ago, Wachovia bought A.G. Edwards for $6.8 billion. Where The Market Was The Dow closed at 13,627.64. The S&P 500 traded at around 1,530.62. Today, the…
The Stock Market is Closed Today in Observance of Memorial Day — Nasdaq
Americans will commemorate its fallen military personnel, and mark the unofficial start of summer, this Memorial Day, Monday, May 30. And the stock market will indeed be closed for Memorial…
Justin Timberlake sells off his entire music catalog —AV Club
While Taylor Swift has been trying to get her masters back, Justin Timberlake is just giving ’em away. In a deal with Hipgnosis Song Management, the artist sold his entire music catalog–valued…