Traders on the NYSE, May 20, 2022. Source: NYSE Stock futures rose in overnight trading Sunday after the Dow Jones Industrial Average fell for its 8th straight week amid a broader market sell-off. Fut...
Tag: Breaking news
Fed isn’t focused on impact of rates on stocks, Esther George Says
Kansas City Federal Reserve President Esther George said Thursday that higher interest rates are needed now to bring down inflation and policymakers are not focused on the impact that is having on the...
‘No longer just a payments company’
Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Block executives no longer...
CEO outlook dims sharply, with more than half expecting a recession ahead, survey shows
Corporate executives are taking a dim view of their prospects, with a majority now expecting a recession ahead, according to a closely watched business survey released Wednesday. The Conference Board ...
Up 0.9% vs 1.0% Estimate
A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP...
Powell says the Fed will not hesitate to keep raising rates until inflation comes down
Federal Reserve Chairman Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he will back interest rate increases until prices start falling back toward a healthy level. “...
Robinhood to allow users hold their own crypto and NFTs
Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021. Brendan McDer...
Spirit Airlines, Eli Lilly, Signature Bank and more
Spirit Airlines planes on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Check out the companies making h...
Stock futures rise ahead of a big week of retail earnings
Traders on the floor of the NYSE, May 6, 2022. Source: NYSE Stock futures were higher Sunday evening after a week of steep losses that ended on a high note, and ahead of a big earnings week for retail...
Powell says he can’t guarantee a ‘soft landing’ as the Fed looks to control inflation
US Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, DC, on May 4, 2022. Jim Watson | AFP | Getty Images Federal Reserve Chairman Jerome Powell warned Thursday that...
Federal Reserve Chair Jerome Powell confirmed by Senate for a second term
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell announced the Federal Reserve is raising ...
Stock futures are little changed following hot inflation report
Stock futures were slightly higher Wednesday evening after the latest CPI data showed inflation is still running hot. Futures tied to the Dow Jones Industrial Average added 17 points, or 0.05. S&P...
Stocks making the biggest moves after hours: Disney, Rivian and more
Check out the companies making headlines in extended trading. Walt Disney — Disney shares rose about 1% in extended trading after the company reported stronger-than-expected growth in streaming subscr...
Roblox, Electronic Arts, Coinbase, RealReal and more
An attendee tries out a Electronic Arts video game during the annual Studio Showcase media event at the company’s headquarters in Redwood City, California. Tony Avelar | Bloomberg | Getty Images...
Fed’s Waller promises to tackle inflation, says mistakes of the ’70s won’t be repeated
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday...
Visa crypto executive leaves for Softbank-backed start-up DriveWealth
Terry Angelos, Visa’s global head of fintech and crypto. DriveWealth One of Visa‘s top executives is leaving the payments giant for a brokerage technology start-up, CNBC has learned. Terry...
Biden calls Congress to pass major Ukraine aid package before new Covid funding
U.S. President Joe Biden delivers remarks during a Rose Garden event at the White House in Washington, May 9, 2022. Kevin Lamarque | Reuters President Joe Biden urged Congress on Monday to quickly app...
Inflation outlook for consumers falls from record, Fed survey shows
A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022. David Paul Morris | Bloomberg | Getty Images Consumers grew a little more optimistic about inflation in April, t...
Fed’s Kashkari confident inflation can weaken, but not without pain
Neel Kashkari Anjali Sundaram | CNBC Minneapolis Federal Reserve President Neel Kashkari said Monday he’s confident inflation will come back to normal though it’s taking longer than he exp...
Stock futures fall slightly after Fed induced relief rally
Stock futures fell slightly after the Federal Reserve raised rates by half a point and the major averages rallied to end the day. Futures tied to the Dow Jones Industrial Average lost 46 points, or 0....
Etsy, Booking Holdings, eBay and more
The Etsy website Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Etsy — Shares of the e-commerce company plunged by more than 12% after Etsy’s ...
Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation
WASHINGTON — The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point, the most aggressive step yet in its fight against a 40-year high in inflation. “Infla...
Uber, Lyft, Airbnb, Starbucks and more
Close-up of vertical sign with logos for ride-hailing companies Uber and Lyft. Smith Collection | Gado | Getty Images Check out the companies making headlines in midday trading. Lyft — Shares of Lyft ...
Dave Chappelle attacked on stage by an audience member in Los Angeles
Chappelle was not injured as a result of the attack, LAPD said. Kevin Mazur | Getty Images Entertainment | Getty Images U.S. stand-up comedian Dave Chappelle was attacked by an audience member during ...
Stock futures inch higher ahead of Fed’s big rate decision
Stock futures inched higher in overnight trading as investors braced for the Federal Reserve’s big interest rate decision on Wednesday, where the central bank is widely expected to hike rates by...
Fears of a Fed mistake grow as this week’s anticipated interest rate hike looms
Jerome Powell, Chairman of the U.S. Federal Reserve, attends the National Association of Business Economicseconomic policy conference in Washington, D.C, United States on March 21, 2022. Yasin Ozturk ...
Global Payments, Moderna, Activision Blizzard and more
Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, December 20, 2020. Paul Sancya | Pool | Reuters Check out the...
Amazon, Verisign, Honeywell and more
A contractor working for Amazon.com cleans a delivery truck in Richmond, California, U.S., on Tuesday, Oct. 13, 2020. David Paul Morris | Bloomberg | Getty Images Check out the companies making headli...
Amazon, Apple, Robinhood and more
An Amazon truck is seen entering the LDJ5 Amazon Sort Center on April 25, 2022 in New York City. Michael M. Santiago | Getty Images Check out the companies making headlines in extended trading. Amazon...