How's The Economy Treating You? Depending on Whether You Own Stocks, Your Answer Might Be Very Different
  • September 5, 2024

How's The Economy Treating You? Depending on Whether You Own Stocks, Your Answer Might Be Very Different

Have you ever noticed that your economic outlook might differ greatly from your neighbor’s? It turns out that if you own stocks, you might be feeling a lot more optimistic than someone who doesn't. Recent data shows that whether or not you're invested in the stock market plays a huge role in how you feel about the economy – and the gap between these two groups is widening. Don't Miss: The average American couple has saved this much money for retirement — How do you compare? Can you guess how man

S&P 500 Earnings Hinge on Trump, Harris Tax Plans, Goldman Says
  • September 5, 2024

S&P 500 Earnings Hinge on Trump, Harris Tax Plans, Goldman Says

(Bloomberg) -- Tax policies touted in the US presidential election could have a big impact on S&P 500 earnings, according to Goldman Sachs Inc. strategists.Most Read from BloombergHow Air Conditioning Took Over the American OfficeThe Outsized Cost of Expanding US RoadsHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThey estimate profits could shift in the ballpark range of 5% to 10%, depending on how the policies are enacted and whether Donald Trump’s 2017 tax cuts are allowed to expire

New CEO must adapt Daimler Truck to weaker market, chairman says
  • September 5, 2024

New CEO must adapt Daimler Truck to weaker market, chairman says

STUTTGART (Reuters) -Daimler Truck expects a further slowdown in demand for commercial vehicles and its new CEO must take measures to adjust for that, the German company's Chairman Joe Kaeser said on Thursday. "Our profitability is not yet where competitors are, that has to change in the medium to long term", Kaeser told a press conference after Karin Radstrom was announced as the company's next CEO late on Wednesday. He did not say what measures Radstrom might need to take.