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Amazon’s Prime Day is off to a solid start, but the main news may not be how much shoppers are shelling out. It may be what they’re buying. U.S. online spending on the first day of Amazon’s four-day Prime Day event jumped 5.3% to $8.3 billion across merchants from a year ago, Adobe Analytics said. […]

Every boom eventually forces the same question, and it is rarely the one investors ask first. Not who is growing fastest, or who has the biggest name, but who actually keeps the money. For three years, the answer in artificial intelligence (AI) has been obvious. Nvidia (NVDA) designed the chips, Nvidia set the prices, and

JPMorgan’s Bruce Kasman is putting a tougher Fed risk back in front of investors. In an interview with CNBC, as cited by Seeking Alpha, the bank’s chief global economist said inflation remains stickier than markets currently appreciate, warning that the Federal Reserve might have to raise interest rates before year’s end if price pressures persist

Another steakhouse chain is closing one of its longstanding locations, adding to a growing list of restaurant shutdowns affecting brands with decades of history and established customer bases. Restaurant operators have faced mounting pressure in recent years from higher operating costs, softer discretionary spending, and shifting real estate conditions. While restaurant closures stem from different

Every industry runs on a comfortable order, right up until someone from outside decides the rules do not apply to them. In US wireless, that order has held for a long time. Three companies, Verizon (VZ), AT&T (T) and T-Mobile (TMUS), control almost every phone in your pocket. They build the towers, they set the

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal Some of the hottest buys during Amazon’s Prime Day event this year are metal storage sheds. They offer a great way to store your items at

Americans were bracing for a nastier summer economy. Naturally, the sentiment was that the Middle East oil shock would continue pushing gas prices higher, keep inflation sticky, pressure consumers, and make the Federal Reserve even harder to predict.  In a new note shared with me, though, Goldman Sachs now says that the danger has eased.

Business development company (BDC) portfolios have likely taken a hit this year, with sector pressures showing few signs of easing. High-profile collapses, including Wheel Pros’ bankruptcy and the unwinding of United Site Services, have exposed embedded losses across the private credit landscape.  Blue Owl Capital deepened the panic in the first quarter, when investors in

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal For most of us, staying healthy is a priority, and while that can look like eating well and working out for many, other times, that means

Transcript: Caroline Woods:Joining us now with her second half playbook is Tiffany McGhee, CEO and chief investment officer at Pivotal Advisors. Tiffany, great to have you back. Tiffany McGhee:Great to be here, Caroline. Caroline Woods:Second time this month. You were on at the start of June. And back then you were arguing that market leadership