Why a strong dollar threatens a fragile stock market, but is a boon to the Fed

Microsoft Corp. isn’t the only US company pointing to the dollar’s surge as a potential problem. A strong dollar has been a hot topic this week since the software giant MSFT and Salesforce Inc. CRM pointed to challenges the currency is causing for earnings. It’s been flagged in other industries too, including by Pfizer Inc., … Read more

The Stock Market Is Charting a New Course. It Won’t Be Pleasant.

Text size Delta Air Lines told investors that revenue would finally return to 2019 levels, amid strong travel demand. Brandon Bell/Getty Images The trend is your friend, or so they say. But right now, there is no trend you can trust. Consider the stock market this past holiday-shortened week. Through the first three days of … Read more

Florida storm: Tropical system moves off Florida shore toward Bahamas, leaves flooding behind

CNN — Heavy rains, strong winds and flooding hit South Florida Saturday, with up to 11 inches falling in some spots since Friday and cars stalled on streets in Fort Lauderdale and Miami. The city of Miami warned Saturday afternoon several roads were not accessible. At least one beach was temporarily closed. Miami-Dade Fire Rescue … Read more

As South Florida gets soaked by a tropical system, officials warn of potential for flooding

CNN — Heavy rains, strong winds and flooding hits South Florida Saturday, with up to 11 inches falling in some spots since Friday and cars stalled on streets in Fort Lauderdale and Miami. The city of Miami warned Saturday afternoon several roads were not accessible. At least one beach was temporarily closed. Miami-Dade Fire Rescue … Read more

Why you’re going to hate traveling this summer

New York CNN Business — Canceled flights, surging airfares, a rental car shortage, record gas prices and rising hotel prices. Welcome to the summer of travel hell. Airlines had said they were prepared to avoid the service problems that plagued much of the industry last year. But between Friday and Monday, US airlines canceled 2,653 … Read more