Economy

Economy
Economy

Wall Street elites will pocket windfall from record $46 billion profits

The stock market has shown unprecedented resilience in 2026. Despite an ongoing war in Iran with no end in sight, gas prices expected to remain elevated for years, and stubbornly sticky inflation, the S&P 500 closed the Tuesday, Oct. 6, session above the record closing level it set in August. That comes a day after

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Economy

Jim Cramer just made a shocking call on Amazon stock

Jim Cramer has built a career on conviction calls, and few have been more consistent than his faith in Amazon (AMZN). For years, the Mad Money host has treated the retail giant as close to untouchable. A permanent fixture in nearly every portfolio he recommends. That changed, briefly and publicly, after watching a rival’s AI

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Economy

Major low-cost airline files for bankruptcy protection after 58 days without flying

Running its first flights two years after launching in 2016, low-cost airline Flybondi grew quickly into the second-largest airline in Argentina after state-owned flag carrier Aerolíneas Argentinas. A fleet of 15 Boeing 737-800 planes allowed the airline to fly to 23 destinations across Argentina and neighboring countries, including Brazil, Paraguay, and Peru. But since June

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Economy

UBS holds its ground on Tesla after mixed delivery results

The question with Tesla has never really been whether it can sell cars. It’s whether the valuation that the market has assigned to it can ever actually be justified. UBS looked at the third-quarter delivery report and came away with the same answer it had going in: not yet convinced. The bank held its Neutral

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Economy

Warren Buffett’s farewell letter has 4 words for every investor

Warren Buffett ran Berkshire Hathaway for more than six decades. When his farewell letter came out, the coverage went straight to the succession plan, the handoff to Greg Abel, what the company looks like going forward without him. Most of that coverage missed the part that mattered most to individual investors. It was four words,

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Economy

IRS CEO has good news for all Americans on Trump Accounts

If your child is under 18 and has a Social Security number, they were likely enrolled in a Trump Account when the program launched on July 4. The Treasury Department confirmed that more than 60 million American children were added automatically. You did not have to do anything for that to happen. But enrollment is

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Economy

Vanguard’s global ETF flags a stark shift for investors

A fund built to track the global stock market just closed near its record high after a strong run-up. The Vanguard FTSE All-World UCITS ETF (VWRP) closed at EUR 170.48 on September 25, 2026, sitting 0.3% below its 52-week peak after seven consecutive sessions of gains. That advance came during a week when global equity

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Economy

Walmart’s CEO tells BofA where his retail chain is headed next

Walmart (WMT) is no longer just a place to shop for groceries. The retailer now also offers prescription drugs, online orders, advertising, and even AI-powered shopping. Last week, John Furner, the president and CEO of Walmart, alongside Steph Wissink, the company’s senior vice president of investor relations, met with Bank of America in Boston. During

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Economy

Michael Burry pulls an old playbook into the Nvidia fight

Wall Street has spent the better part of this year arguing over a single spreadsheet line buried deep in corporate accounting disclosures. It sounds boring until you realize it could decide whether trillions of dollars in reported AI earnings are actually real. Michael Burry just reached back nearly 60 years to make his point. The

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Economy

Analyst warns Nike’s best quarter this year may be behind it

Every sneaker shopper knows where unsold shoes go. They land on the clearance rack, marked down until someone buys them. That rack is the hidden risk inside Nike Inc.’s (NKE) first-quarter report on Thursday, Oct. 1, 2026. The company beat profit estimates. Investors sold the stock anyway. Morgan Stanley thinks investors read it right. The

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