Reservations

US stocks close mixed as investors weigh positive spending and jobless data against inflation concerns

13 days ago   |   By Business Insider

AP Photo/Richard Drew
The S&P 500 and the Nasdaq Composite rose ahead of the Thanksgiving Day holiday.
Wednesday's data dump included a 1.3% rise in consumer spending.
The Fed's closely watched inflation measure, PCE, rose to its highest rate in 31 years.
US stocks closed mixed but mostly showed improvement during the session as growth in consumer spending in the face of multi-year inflation appeared to help offset concerns at the Federal Reserve about sticky inflation. The S&P 500 and the Nasdaq Composite turned higher while the Dow Jones Industrial Average slipped, but finished off...
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The crypto trading hamster that outperformed the S&P 500 has died

13 days ago   |   By Business Insider

REUTERS/Brendan McDermid Mr. Goxx, the hamster that became famous for trading cryptocurrencies, has died. Mr. Goxx posted strong performance that outpaced the S&P 500 since he began trading in June. The last trade placed by Mr. Goxx was the sale of more than 3,000 tron tokens on November 20. The crypto community is in mourning on Wednesday following the untimely death of Mr. Goxx, the crypto trading hamster that outperformed the S&P 500 since he began in June. "Mr. Goxx has brought joy to people all across the globe and reminded us not to take life too seriously," Mr. Goxx's anonymous...
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