Commuters arrive at Grand Central station during morning rush hour in New York, Nov. 18, 2021. Jeenah Moon | Bloomberg | Getty Images The August jobs report showed the U.S. unemployment rate rise acro...
Category: Finance
Live Finance News Updates.
Kohl’s, Broadcom, Lululemon and more
People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Check out the companies making the biggest moves midday: Kohl’s — Share...
Credit Suisse, SoftBank Reportedly Planning Layoffs. Here Are The Major Job Cuts Amid Growing Recession Fears
Credit Suisse and SoftBank are reportedly cutting back on staff, the companies announced on Friday—becoming the latest multinational firms to announce layoffs this summer as employers fear an unstable...
3 Stocks That Could Benefit From Powell Channeling Volcker
WASHINGTON – MAY 14: Former Federal Reserve Chairman Paul Volcker testifies before the Joint … [+] Economic Committee May 14, 2008 on Capitol Hill in Washington, DC. The full committee met...
Coinbase users in Georgia exploit buggy FX to bag 100x profit
Earlier today, crypto traders from Georgia were reported to have exploited an erroneous price feed on the Coinbase exchange, which enabled them to withdraw their holdings at a 100x increase. The total...
Starbucks CEO transition plan gets muted reaction from Wall Street
Laxman Narasimhan, April 13, 2018. Guillermo Gutierrez | Bloomberg | Getty Images Wall Street’s reaction to Starbucks’ new CEO was muted Friday morning, with shares down about 1% after the...
Historian Niall Ferguson has a warning for investors
Top historian Niall Ferguson warned Friday that the world is sleepwalking into an era of political and economic upheaval akin to the 1970s — only worse. Speaking to CNBC at the Ambrosetti Forum in Ita...
What Visits By Musk And Von Der Leyen Say About Energy Policy
Tesla CEO Elon Musk gives interviews as he arrives at the Offshore Northern Seas 2022 (ONS) meeting … [+] in Stavanger, Norway on August 29, 2022. – The meeting, held in Stavanger from Aug...
More home sellers drop their asking price as the housing market cools
Daniel Acker | Bloomberg | Getty Images Home sellers are getting nervous, as the once hot housing market cools fast. One in five sellers in August dropped their asking price, according to Realtor.com....
Serena’s Next Opponent May Channel Novak Djokovic And Pretend U.S. Open Fans Are Cheering for Her
Serena Williams, accompanied by Venus Williams, of the United States, serves during their … [+] first-round doubles match against Lucie Hradecká and Linda Nosková, of the Czech Republic, at the ...
‘we’re likely to see June low challenged’
S&P 500 is in the green this morning after the U.S. Bureau of Labour Statistics said the job market remained relatively strong in August. What does it tell us about the prospect of a recession? Th...
VeChain Price Analysis: VET shows tremendous positive potential at $0.0246
VeChain price analysis shows that the price of VET/USD has followed a strong upwards trend in the last 24 hours. The price has continued a positive movement, increasing significantly, barely shying aw...
Ford’s new vehicle sales slow in August, in line with expectations
2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor on Friday said its U.S. sales last month increased double-digits from a year earlier but were off about 4% from the prior month, as the company and a...
Ways Hollywood Can Solve The Climate Crisis
American actor Marlon Brando gestures at a table while American actor Robert Duvall sits behind him … [+] in a still from the film, ‘The Godfather,’ directed by Francis Ford Coppola ...
Tencent Denies Financial Times Divestment Article, Week In Review
China Last Night KraneShares Week in Review Asian equities had a mixed week as US dollar strength and Fed Chair Powell’s hawkish comments from Jackson Hole weighed on local currencies in the region, a...
Peloton stock price has plummeted. Is this fallen angel a good buy?
Peloton (NASDAQ: PTON) stock price has been in a freefall in the past few months as concerns about the company’s growth and future remain. The shares crashed by more than 5% on Friday and is trading a...
Brace for ‘Recession Shock’ as Outflows Rock Equities, Bank of America Says
(Bloomberg) — Investors bracing for a recession jolt accelerated their retreat from stocks after the Federal Reserve warned it won’t be easily deterred in its fight against inflation, Bank of Am...
Layer by Layer Issue 44: Avalanche, Solana, and Cosmos
September 1, 2022, 1:02PM EDT • 21 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bri...
Dogecoin price analysis: DOGE increases value by 3% after bullish takeover
Dogecoin price analysis for September 2, 2022, shows the meme cryptocurrency following a positive movement for the last 72 hours. The price fell from $0.0631 to $0.0600 on August 31, 2021. Dogecoin ga...
EOS Price Analysis: EOS Trades at 20-EMA, Investors Expects 25% Rally Ahead
EOS coin is under recovery as buyers push the price higher after the pullback. The market cap of EOS coin has increased by 12% to $1.53 billion in the last 24 hours. EOS crypto trades above 20,50 and ...
No, McDonald’s all-day breakfast isn’t returning in October
A McDonald’s “Big Breakfast” and Egg McMuffin are displayed at a McDonald’s restaurant in Fairfield, California. Justin Sullivan | Getty Images No, McDonald’s isn’t...
‘She-Hulk’ Is A Direct, Unapologetic Attack On Toxic Marvel Fanboys
She-Hulk Netflix While She-Hulk was always destined to be a meta show, with its fourth-wall breaking and self-referential Marvel jokes, it’s gone somewhere I wasn’t quite expecting. She-Hulk was appar...
dYdX canceled promo after community ridiculed it 1
dYdX has announced that it has canceled its deposit promo after a wave of backlash by members of its community. The derivates platform announced weeks ago that new members would be gifted $25 when the...
Energy CEO calls out Europe’s ‘foolish’ dependence on natural gas
Enel’s Francesco Starace photographed during the World Economic Forum in Switzerland on May 24, 2022. During an interview with CNBC on Friday, Starace said dependence on gas was “foolish.&...
Here’s where the jobs are for August 2022 — in one chart
The U.S. economy added another 315,000 payrolls in August, with jobs growth slowing overall but still widespread throughout the economy. The economy saw growth in all the key sectors and subsectors in...
Who Is The Stranger In ‘The Rings Of Power?’ Three Possible Theories
The Stranger Credit: Amazon The Lord Of The Rings: The Rings Of Power debuted its first two sprawling episodes this Thursday, introducing viewers to a massive cast of characters—some familiar, some ne...
Stocks Rally As Labor Market Cools Slightly, Taking Some Pressure Off The Fed
Topline The stock market moved higher on Friday after the August jobs report came in slightly lower than expected and dropped significantly from last month, which helped ease investor concerns that a ...
Obscure China Stock Plunges 95% After Mystery 13,000% Rally
(Bloomberg) — A frenzied rally in the shares of a little-known Chinese garment manufacturer, which drew comparisons to the wild surges seen by AMTD Digital Inc. and Magic Empire Global Ltd., has...
If you need one more reason why stocks will likely lose money in September, here it is.
Finally, investors have a good reason for why the U.S. stock market will suffer above-average volatility and below-average performance this month: It’s the Fed. I say “finally” because market analysts...