NEW YORK (AP) — The bears are rumbling toward Wall Street. The stock market’s skid this year has pulled the S&P 500 close to what’s known as a bear market. Rising interest rates, high inflation, the war in Ukraine and a slowdown in China’s economy have caused investors to reconsider the prices they’re willing to …
EXPLAINER: Why is Wall Street close to a bear market? Read More »
Layers upon layers. Since Sony announced its upcoming transition to a new, multi-tiered PlayStation Plus subscription service in March, the company has tried to explain that service’s many benefits with thousands of (sometimes confusing) words across two blog posts and an FAQ. We have tried to break down those benefits with our own posts comprising …
We made a PlayStation Plus explainer that’s better than Sony’s Read More »
WASHINGTON (AP) — Many parents are hunting for infant formula after a combination of short- and long-term problems hit most of the biggest U.S. brands. Millions of babies in the U.S. rely on formula, which is the only source of nutrition recommended for infants who aren’t exclusively breastfed. Here’s a look at what’s behind the …
EXPLAINER: What’s behind the baby formula shortage? Read More »
May 11 (Reuters) – Twitter Inc (TWTR.N) shares have plunged to their lowest level since the social media company agreed to sell itself to Elon Musk for $44 billion on April 25, raising questions over whether the world’s richest person will try to renegotiate the deal. On Tuesday, the implied probability of the deal closing …
Explainer: Can Elon Musk renegotiate a lower price for his Twitter deal? Read More »
WASHINGTON (AP) — Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. And the economy actually shrank in the first three months of this year. Is the United States at risk of enduring another recession, just two years after emerging from the last one? For now, …
EXPLAINER: Recession fears grow. But how high is the risk? Read More »
