Author: Void

Jeffrey Greenberg / Universal Images Group via Getty ImagesKey TakeawaysOfficial data on wages shows that pay raises have more than kept up with inflation in 2024, but in a survey of workers, fewer employees were happy with their pay than last year.Workers felt secure in their jobs, consistent with government data showing layoffs are low.The data painted a portrait of a stable, perhaps stagnant job market as the economy comes in for a “soft landing” after the high inflation of 2021 and 2022.Does your paycheck go as far as it used to? Average pay is outpacing inflation according to official…

Heather Khalifa / Bloomberg / Getty Images A cooling tower at the Three Mile Island nuclear facility owned by Constellation EnergyKey TakeawaysShares of Constellation Energy rose Thursday after analysts from Bank of America upgraded and lifted their price target for the stock.The analysts said rising demand for electricity to power things like data centers should boost revenue for Constellation and other energy stocks.Constellation presents a “unique investment opportunity” as demand continues to increase, the analysts wrote.Constellation Energy (CEG) shares rose Thursday after Bank of America analysts upgraded the energy company’s stock and lifted their price target to near Wall Street’s…

Bill Clark / CQ-Roll Call, Inc via Getty ImagesKey TakeawaysTravelers with Apple AirTags in their checked bags can now share location data through the United Airlines app.The feature is intended to help the airline’s customer service team track down lost bags more quickly.Apple’s new iOS 18.2 update includes a “Share Item Location” feature that allows data sharing with third parties.United Airlines (UAL) passengers with lost baggage may be reunited with their items more quickly thanks to new integration between the carrier’s mobile app andApple (AAPL) AirTag.Travelers who place AirTags in their checked bags can now directly provide location-tracking information to…

Jason marz / Getty ImagesKey TakeawaysGold will face “much more modest growth” next year, according to the World Gold Council’s 2025 outlook.Gold prices have hit multiple record highs this year and the precious metal has notched its best annual performance in a decade.A risk to gold prices will be a pause or reversal in the U.S. Federal Reserve’s rate-cutting path, the council said.After hitting multiple record highs this year and notching its best yearly performance in a decade gold is set for slower growth next year, according to the World Gold Council.Gold prices jumped 28% in the year through November…

Spencer Platt / Getty Images President-elect Donald Trump walks onto the floor of the New York Stock Exchange with his wife Melania, on Dec. 12, 2024.Key TakeawaysDonald Trump rang the opening bell and walked the trading floor at the New York Stock Exchange on Thursday, becoming the first president-elect to visit the exchange.Trump, surrounded by family, cabinet nominees and executives from major companies, vowed to cut taxes and expedite the approval process for investments made in the U.S. He also expressed support for the development of artificial intelligence through investment in energy projects.The event coincided with Trump being named Time…

Brian van der Brug / Los Angeles Times via Getty Images There was only one Stanley Cup left on the shelf at the Target in West Hills, Calif., on Jan. 9, 2024.Key TakeawaysStanley is recalling 2.6 million of its popular travel mugs because they can pose a burn hazard.The Consumer Product Safety Commission (CPSC) said the lids of the Switchback and Trigger Action travel mugs could come off during use.Consumers are advised to contact Stanley for a replacement lid.They were among the hottest consumer items of the past year. But now, millions of Stanley cups are being recalled because of…

Matthias Balk / Picture Alliance / Getty ImagesKey TakeawaysAdobe stock tumbled Thursday after the company issued a fiscal 2025 revenue outlook below analysts’ expectations.Analysts lowered their Adobe price targets but maintained “buy” ratings on optimism for the company’s generative AI monetization.Adobe said it plans to introduce a higher-priced version of its generative AI toolset, Firefly.Adobe (ADBE) shares dropped Thursday after the company’s results the day before came with an underwhelming revenue outlook, but analysts still have largely bullish, if tempered, expectations for artificial intelligence (AI) monetization by the company. The Creative Cloud company “has been a frustrating stock for much of…

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BjelicaS / Getty ImagesKey TakeawaysNovember wholesale inflation data showed an unexpected increase. Producer Price Index (PPI) increased by 0.4% compared to the prior month.The spike in prices of final goods was attributable to a more-than 54% jump in the price of eggs as disruptions from bird flu pushed food prices higher.Overall, economists didn’t see enough evidence in the PPI report to keep the Federal Reserve from cutting interest rates at its upcoming December meeting.Wholesale prices increased faster than economists expected in November, logging the largest jump in the annual rate of wholesale inflation since February 2023—thanks in part to chicken…