While once brought up largely as an internet joke about charging tourists for bad behavior, the term “tourist tax” now primarily refers to both the entry and accommodation fees that dozens of cities and countries Read more…
Uber cut 3,300 jobs on Sept. 2. Wall Street read it as an efficiency move, and the stock increased by 2%. A week later, the CEO told investors where the savings are actually going. The Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal Although for most people, tools aren’t Read more…
Real estate technology company Zillow has a dire prediction about mortgage rates and the housing market in general, noting that rates are rising and will remain high for homeowners and homebuyers through the remainder of Read more…
A $48 billion valuation and more than $2 billion in fresh venture capital would normally signal that investors have completely lost the plot. Cognition AI, the startup behind the autonomous coding agent Devin, closed its Read more…
Obamacare, formally known as the Affordable Care Act (ACA), has been in the Republican crosshairs since it was signed into law in March 2010. President Donald Trump made defeating the government-run healthcare exchange one of Read more…
Roughly 70 million Americans hold a 401(k), the Investment Company Institute reported, and most check the balance without thinking about who else is competing for the same pool of investment capital. The federal government is Read more…
After Jackson Hole, Fed’s Warsh faces another big test. Investors are split whether the Fed will hike. But BoJ seems poised to raise rates by 25bps. BoE to stand pat, UK data to take centre Read more…
Risky assets came under pressure this week as energy prices kept creeping higher and the ECB surprised the markets with a hawkish tone. The price of Brent crude touched USD 110 per barrel on Thursday Read more…
University of Michigan Consumer Sentiment fell from 51.7 to 47.8 in September, well below the 51.0 consensus and marking a second consecutive monthly decline. The deterioration was concentrated in expectations: Consumer Expectations dropped from 51.5 Read more…