society

NTSB recommends technologies to curb drunk driving and speeding in new vehicles

CNN  —  The federal agency responsible for conducting independent accident investigations has recommended technologies in new vehicles to limit speeding and prevent impaired driving in an attempt to cut down on a growing number of related fatal crashes. The National Transportation Safety Board’s recommendation of alcohol impairment detection systems are on a pathway toward requirement, …

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Fed’s Powell sparked a 1,000-point rout in the Dow. Here’s what investors should do next.

Now might be the time to consider hiding out in short-dated Treasurys or corporate bonds and other defensive parts of the stock market.On Friday, Federal Reserve Chairman Jerome Powell talked of a willingness to inflict “some pain” on households and businesses in an unusually blunt Jackson Hole speech that hinted at a 1970s-style inflation debacle, …

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Here are 5 reasons why the bull run in stocks may be about to morph back into a bear market

Some market gurus are starting to worry the summer rally on Wall Street may be starting to fizzle, after stocks quickly lurched from oversold to overbought. Gene Goldman, chief investment officer of Cetera Financial Group, explained that stocks are likely headed for a pullback, even though the economy is in better shape than many Americans …

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Have stocks bottomed? Not until this ‘gorilla’ in equity markets budges, warns BofA

Households, not hedge funds or major corporations, represent the biggest class of owners of the U.S. stock market. That matters because households, the “placid gorilla” in U.S. stocks, haven’t cut and run despite this year’s sharp selloff, which means stocks haven’t hit a bottom yet, according to a BofA Global. Collectively, households hold about $38 …

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How long will stocks stay in a bear market? It hinges on if a recession hits, says Wells Fargo Institute

When the S&P 500 officially dropped into a bear market on June 13, closing down more than 20% from its last peak, it stirred debate about whether investors should hold tight or think about buying the dip. Battered stock prices SPX, -2.01% might look tempting for investors, but analysts at the Wells Fargo Investment Institute …

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‘It’s nuts’: Real estate agents describe chaos in New York City’s hot rental market

Renting an apartment in New York City this summer? Say hello to sky-high prices and a fight to the finish.Amid the heat and the occasional rain, there’s a mad scramble to rent affordable apartments in Gotham, which has been undersupplied for many years. Real estate agents describe the mayhem when it comes to prices. “It’s …

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