San Francisco Federal Reserve Bank chief of research Mary Daly stands near the podium before a speech at the CFA Society in San Francisco, California, U.S. July 10 2018. Ann Saphir | Reuters San Franc...
Tag: Breaking news
Fed’s Brainard sees balance sheet reduction soon and ‘at a rapid pace’
Lael Brainard, Federal Reserve governor and President Bidens nominee to be the new vice-chair of the Federal Reserve, speaks during her nomination hearing with the Senate Banking Committee on Capitol ...
Payrolls rose 431,000 in March, less than expected
Amid soaring inflation and worries about a looming recession, the U.S. economy added slightly fewer jobs than expected in March as the labor market grew increasingly tighter. Nonfarm payrolls expanded...
The Fed’s preferred inflation gauge rose 5.4% in February, the highest since 1983
The Federal Reserve’s favorite inflation measure showed intensifying price pressures in February, rising to its highest annual level since 1983, the Commerce Department reported Thursday. Exclud...
Walgreens Boots Alliance (WBA) Q2 2022 earnings
A person enters a Walgreens store in San Francisco, California, U.S., on Tuesday, April 13, 2021. David Paul Morris | Bloomberg | Getty Images Walgreens Boots Alliance on Thursday announced fiscal sec...
Robinhood, Chewy, RH, Lululemon and more
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...
Stock futures edge lower after Dow and S&P 500 notch a fourth straight day of gains
U.S. equities futures dipped slightly Tuesday evening after stocks extended their rally in the previous session, even as fears of an inverted yield curve sparked recession concerns and investors conti...
Micron, Lululemon, RH and more
The headquarters building of Micron Technology Inc. stands in Boise, Idaho, U.S. Matthew Staver | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Micron — Shares...
Fed’s Patrick Harker says he thinks the U.S. can avoid a recession, even amid troubling signs
Despite on ominous indicator hanging over the economy and higher interest rates on the way, Philadelphia Federal Reserve President Patrick Harker said Tuesday that he doesn’t think the U.S. is h...
Stock futures are flat ahead of consumer confidence data
Stock futures were flat in overnight trading ahead of Tuesday’s consumer confidence data and a big week for economic data. Futures on the Dow Jones Industrial Average dipped 20 points or 0.06%. ...
Tesla, Coinbase, AMC and more
A Tesla Supercharger station in Vallejo, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tesla — T...
Stock futures are little changed ahead of a big week of economic data
Traders on the floor of the NYSE, March 25, 2022. Source: NYSE Stock futures were little changed Sunday evening as investors look ahead to a series of key economic reports and continue to keep a close...
Crypto investor Katie Haun raises $1.5 billion for Haun Ventures
Crypto investor Katie Haun has raised $1.5 billion for her new fund after leaving Andreessen Horowitz, and shattered multiple records in the process. Haun Ventures’ kickoff marks the largest deb...
Nike, Pfizer, Alibaba, Carnival, GameStop and more
A man with Nike bags talks on the phone in front of a Nike store as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021. Jon Cherry | Reuters C...
Stock futures inch higher after Powell says bigger hikes possible
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 21, 2022. Brendan McDermid | Reuters Stock futures inched higher in overnight trading after Federal Reserve Chai...
Stocks making the biggest moves midday: Boeing, Disney and more
A Boeing 777X airplane takes off during its first test flight from the company’s plant in Everett, Washington, January 25, 2020. Terray Sylvester | Reuters Check out the companies making headlin...
Powell says ‘inflation is much too high’ and the Fed will take ‘necessary steps’ to address
U.S. Federal Reserve Chairman Jerome Powell addresses an online only news conference in a frame grab from U.S. Federal Reserve video broadcast from the Federal Reserve building in Washington, U.S., Ja...
Stocks making the biggest moves midday: GameStop, Tesla and more
Shoppers wait for a GameStop store to open on at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters Check out the companies making headlines in midday trading Fri...
Tech companies fight attrition with more equity grants as stocks drop
Traders work on the floor of the New York Stock Exchange. Lucas Jackson | Reuters Tech companies are looking to issue new stock and cash perks as slumping share prices weigh on employees’ wallet...
Fed Governor Waller says half-point rate hikes could be needed as ‘inflation is raging’
Federal Reserve Governor Christopher Waller told CNBC on Friday that the central bank may need to enact one or more 50-basis-point interest rate hikes this year to tame inflation. Though he voted this...
St. Louis Fed’s Bullard says the central bank should raise rates above 3% this year
James Bullard David Orrell | CNBC St. Louis Fed President James Bullard said Friday he thinks the central bank should raise interest rates the equivalent of 12 times this year to convince the public i...
Federal Reserve meeting:
The Federal Reserve on Wednesday approved its first interest rate increase in more than three years, an incremental salvo to address spiraling inflation without torpedoing economic growth. After keepi...
Retail sales February 2022 come up short as inflation puts dent in consumer spending
An Amazon Prime truck pulls away after a delivery in Washington, DC, on February 17, 2022. Nicholas Kamm | AFP | Getty Images Consumers continued to spend in February through at a slower pace than exp...
U.S. stock futures are flat ahead of Wednesday’s Fed meeting
Stock futures were flat in overnight trading after the major indexes rallied and oil prices tumbled below $100 a barrel ahead of Wednesday’s Federal Reserve meeting. Futures on the Dow Jones Ind...
Wholesale inflation climbed 0.8% in February, slightly lower than expectations
Another surge in energy prices pushed wholesale goods prices to their biggest one-month jump in record in February, according to Labor Department data released Tuesday. Final demand prices for goods j...
Here’s everything the Fed is expected to do at its meeting this week
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, March 2, 2022. Stefani Reynolds | AFP | Getty I...
CPI inflation February 2022:
Customers shop at at a grocery store on February 10, 2022 in Miami, Florida. The Labor Department announced that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest ye...
Stock futures are lower as investors continue monitoring rising commodities prices and the ongoing war in Ukraine
Traders at the NYSE, March 8, 2022. Source: NYSE Stock futures were lower Tuesday evening as investors continued to assess a surge in commodity prices and high inflation while the war in Ukraine conti...
Dow futures fall 300 points as oil prices spike to 13-year high on Russia-Ukraine war
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 2, 2022. REUTERS/Brendan McDermid Brendan McDermid | Reuters U.S. equity futures fell Sunday evening as ...
Costco, Rivian, Signature Bank, Sweetgreen
Shoppers wearing face masks leave a Costco wholesale store in Washington, D.C. Ting Shen | Xinhua News Agency | Getty Images Check out the companies making headlines in midday trading. Costco — The st...