High inflation has many Americans tweaking their holiday travel plans

D3sign | Moment | Getty Images Travelers are shifting their holiday getaway plans to avoid busting their budgets amid high inflation, according to a new Bankrate survey. Forty-three percent of U.S. adults are planning to take overnight leisure trips between Thanksgiving and New Year’s; of them, 79% are adapting to rising prices for travel in … Read more

46% of Americans continue to make this expensive credit card mistake

One of the biggest credit card misconceptions is that carrying a balance month to month will give your credit score a boost. To that point, 46% of Americans incorrectly believe that leaving a small balance on their card is better for their credit score than paying off the balance each month, a recent NerdWallet study … Read more

Colleges struggle with enrollment declines, underfunding post-Covid

More colleges are struggling financially Lincoln College in Lincoln, Illinois, closed at the end of the spring semester. “Lincoln College has been serving students from across the globe for more than 157 years,” President David Gerlach said. “The loss of history, careers and a community of students and alumni is immense.” The San Francisco Art … Read more

Cyberpunk publisher CD Projekt stock rises after announcing new games

A sign advertising the game Cyberpunk 2077. Mike Kemp | In Pictures via Getty Images Shares of Polish game publisher CD Projekt rose sharply Wednesday after the company announced several major games it’s working on in the next few years, including new installments in its popular Cyberpunk and Witcher franchises. In a strategy update late … Read more

ADP jobs report September 2022:

The U.S. labor market showed strength in September, with private companies adding more jobs than expected, payroll services firm ADP reported Wednesday. Businesses added 208,000 for the month, better than the 200,000 Dow Jones estimate and ahead of the upwardly revised 185,000 in August. Those gains came even as goods-producing industries reported a loss of … Read more

UK’s Liz Truss pledges tax-cutting future in speech plagued by protest

Prime Minister Liz Truss is seeking to rally MPs around her her tax-cutting policies following political infighting and market turmoil. Jacob King | Pa Images | Getty Images LONDON — British Prime Minister Liz Truss insisted Wednesday that cutting taxes was “the right thing to do morally and economically,” doubling down on a series of … Read more

Mortgage applications fall 14% as higher rates, Hurricane Ian crush demand

A sign points toward an Open House in Alhambra, California on May 4, 2022. Frederic J. Brown | AFP | Getty Images The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record in the United States, both contributing to a steep drop in mortgage demand. Total mortgage … Read more

Ford to end production of $500,000 GT supercar with special edition

2022 Ford GT LM Edition Ford DETROIT — Ford Motor will end production of its $500,000 GT supercar later this year with a special edition model paying tribute to the vehicle’s racing heritage. The Detroit automaker on Wednesday said the 2022 Ford GT LM Edition will be the last model of the third-generation car, which … Read more

Open to close, stocks, data, earnings and news

Euro zone PMI falls to 20-month low as recession prospect rises Euro zone business activity fell further than expected last month, increasing the likelihood of a recession in the 19-member common currency bloc. S&P Global’s final euro zone composite PMI (purchasing managers’ index), seen as a reliable gauge of economic health, dropped to a 20-month … Read more

This stock market comeback is unprecedented by one measure

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 20, 2022.  Andrew Kelly | Reuters The S&P 500 has done something it hasn’t in at least two decades, according to Susquehanna. Chris Murphy, Susquehanna’s co-head of derivatives strategy, noted that 97% of S&P 500 … Read more