US stocks could fall in severe recession: Nouriel Roubini

US stocks could fall in severe recession: Nouriel Roubini

US stocks will have much further to fall if the economy careens into a severe recession next year, according to a prominent economist known as “Dr. Doom.” Nouriel Roubini, a New York University professor emeritus known for his pessimistic economic predictions, warned the S&P 500 could plunge another 25% in the event of a severe … Read more

Mortgage rates fall for fourth straight week

Mortgage rates fall for fourth straight week

The average long-term mortgage rate fell for the fourth consecutive week and have dropped more than three-quarters of a point since hitting a 20-year high last month. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate dipped to 6.33% from 6.49% last week. A year ago the average rate was … Read more

Ex-CEO Bob Nardelli warns organized retail theft an ‘epidemic’

Ex-CEO Bob Nardelli warns organized retail theft an ‘epidemic’

As big-name retailers like Walmart and Home Depot warn of rising retail thefts this holiday season, two experts are predicting the surge “only escalates from here” into an “epidemic.” “Today, this thing is an epidemic. It’s spreading faster than COVID,” former chairman and CEO of Chrysler and Home Depot CEO Bob Nardelli said on “Fox … Read more

Jobless claims rise by 4,000 as labor market remains tight

Jobless claims rise by 4,000 as labor market remains tight

The number of Americans filing new claims for jobless benefits increased moderately last week, while continuing claims hit a 10-month high towards the end of November, suggesting the labor market was gradually slowing down. Still, labor market conditions remain tight, keeping the Federal Reserve on course to continue increasing interest rates as it fights inflation. The labor market has … Read more

Twitter targeted women for layoffs after Elon Musk’s takeover: lawsuit

Twitter targeted women for layoffs after Elon Musk's takeover: lawsuit

Twitter has been hit with another lawsuit stemming from the recent purging of half its workforce, this one accusing the social media company of disproportionately targeting female employees for layoffs. The proposed class action filed late on Wednesday in San Francisco federal court said that after Twitter was taken over by Elon Musk, the world’s richest … Read more

Tesla investors frustrated with Elon Musk over Twitter chaos: ‘Like he’s abandoned us’

Tesla investors frustrated with Elon Musk over Twitter chaos: 'Like he’s abandoned us'

Tesla investors are growing frustrated as Elon Musk devotes more of his time and energy toward his overhaul at Twitter, even as the electric vehicle firm’s stock prices tanks. Tesla’s stock has fallen nearly 60% this year as Musk’s Twitter takeover prompted months of legal drama, political fallout and social media chaos. The billionaire’s sale … Read more

I got ‘dress-coded’ at Disney over ‘inappropriate’ top

I got 'dress-coded' at Disney over 'inappropriate' top

Apparently they didn’t like her Minnie blouse. Outraged female Disneyland-goers have been flocking to TikTok in droves to complain about the House Of Mouse’s allegedly unfair dress code. In one recently resurfaced video with 4 million views, a New Jersey woman claimed that she was flagged by the “Happiest Place on Earth” for wearing a … Read more