{
Joanne Hsu

People

}

stocks tumble as strong jobs data fuels inflation concerns and rate fears

Stocks plummeted as the Dow dropped 697 points following a robust jobs report, which heightened inflation expectations and dampened rate-cut hopes. Constellation Energy surged 25.2% after announcing a $26.6 billion acquisition of Calpine, while Walgreens Boots Alliance and Delta Air Lines saw significant stock increases after exceeding earnings expectations.
Kiplinger.com
United States Dollar Walgreens Boots Alliance, Inc. Microsoft Corporation Constellation Energy Corp Delta Air Lines, Inc. USA Ellen Zentner William Appicelli Ryan Swift Kevin Kwan Joanne Hsu Show more
Finance & Economy, Market Report
22:05 10.01.2025

young adults delay independence as economic pressures persist

Approximately 1 in 3 U.S. adults aged 18 to 34 live with their parents, a trend exacerbated by the pandemic and economic shocks like the Great Recession. Many young adults cite high living costs and insufficient income as reasons for staying at home, with some, like Victoria Franklin, prioritizing savings for future homeownership. While this arrangement offers personal financial benefits, it poses challenges for the broader economy, as household formation is crucial for consumer spending growth.
CNBC
United States Dollar Bank of America Corporation USA Joanne Hsu Victoria Franklin Show more
Finance & Economy, News Article
15:00 17.11.2024
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