Middle or upper income? Brace for higher electric bills – Orange County Register

The sun sets behind a row of electric towers in Fresno County on Sept. 6, 2022. Photo by Larry Valenzuela, CalMatters/CatchLight Local People, the pain is real. If you’re one of the 12 million-plus or so households in California that do not have solar panels — meaning you buy electricity from Southern California Edison, San … Read more

Shell Earnings Rose on Higher Energy Prices; Launches $3.5 Bln Buyback

Shell’s third-quarter earnings rose on higher refining margins, oil prices and gas and oil sales, while it launched a $3.5 billion share buyback program. The energy giant on Thursday reported adjusted earnings of $6.22 billion for the quarter, up from $5.07 billion in the preceding quarter, but a slight miss to market expectations of $6.25 … Read more

Dow books worst October since 2020 as U.S. stocks close higher Tuesday before Fed decision

U.S. stocks closed higher Tuesday ahead of the Federal Reserve’s statement on monetary policy, with all three major benchmarks booking gains on the last day of October but still slumping for the month. The Dow Jones Industrial Average DJIA, +0.38% closed 0.4% higher, while the S&P 500 SPX, +0.65% gained 0.7% and the Nasdaq Composite … Read more

Markets are on board with the Fed’s ‘higher for longer’ policy, CNBC survey shows

Respondents to the CNBC Fed Survey expect no additional rate hikes from the Federal Reserve and have fully embraced its “higher-for-longer” mantra.The survey also showed a 49% expectation of a recession in the next 12 months and a 42% chance of a soft-landing. “I believe (Fed Chair Jerome) Powell & Co. can now be patient, … Read more

Will Travel Industry Recovery Finally Catapult Stock Higher?

in December 2020 and experienced a remarkable surge in its stock price shortly before the outbreak of COVID-19. The allure of Airbnb as a growth stock post-IPO triggered increased demand, propelling its share price to nearly $220 within the initial two months of 2021, representing an impressive 50% gain from its opening price of $146. … Read more

Pro-Hamas protests expose the massive failure at the heart of American higher education

The response of American college and university campuses to the mass murder, burning, raping and abducting of Israelis by Hamas has left many of us with a burning questions: how? The celebration of Hamas’ atrocities by students and faculty seems beyond comprehension. University administrators’ non-judgmentalism and lack of moral clarity in response to this savagery … Read more

McDonald’s promotions lure diners despite higher menu prices and revenue jumps 14%

FILE – An exit sign is shown at a McDonald’s restaurant in Pittsburgh, April 23, 2022. McDonald’s reports earnings on Monday Oct. 30, 2023. (AP Photo/Gene J. Puskar, File)McDonald’s reported better-than-expected sales in the third quarter as popular promotions brought in customers despite higher U.S. prices. Global same-store sales — or sales at locations open … Read more

Stocks Poised to Open Higher

U.S. stocks are poised to open higher on Monday, ahead of the Federal Reserve’s latest decision on interest rates, Apple ‘s earnings report, and the October jobs numbers. At 6:20 p.m. ET Sunday, Dow Jones Industrial Average futures gained 31 points, or 0.1%, while S&P 500 futures rose 0.3%, and Nasdaq Composite futures climbed 0.4%. … Read more