Small businesses will be facing growing challenges from inflation and higher wages, Chicago Federal Reserve President Charles Evans said Friday. Even with average earnings flattening out in February, ...
Tag: Breaking news
Jobs report February 2022:
Job growth accelerated in February, posting its biggest monthly gain since July as the employment picture got closer to its pre-pandemic self. Nonfarm payrolls for the month grew by 678,000 and the un...
Cleveland Fed President Mester says Ukraine war accelerates the need for interest rate hikes
War in Ukraine only heightens the need for higher interest rates to get inflation under control, Cleveland Fed President Loretta Mester said Thursday. The attack from Russia has pushed commodity price...
Watch Federal Reserve Chair Powell speak live
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Thursday before the U.S. Senate Comm...
Nordstrom, Salesforce, Ford and more
Pedestrians walk past a Nordstrom Inc. store. Ben Nelms | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Nordstrom — Shares of the department store rallied a whop...
Watch Jerome Powell live
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell addresses the U.S. House Committee on Finan...
Fed Chair Powell notes ‘highly uncertain’ Ukraine impact, but says rate hikes are still coming
Federal Reserve Board Chairman Jerome Powell speaking at a re-nomination hearing of the Senate Banking, Housing and Urban Affairs Committee, on January 11, 2022, in Washington, DC. Pool / Getty Federa...
ADP February 2022:
Signage at a Job News USA career fair in Louisville, Kentucky, June 23, 2021. Luke Sharrett | Bloomberg | Getty Images Private job creation rose at a faster-than-expected clip in February, according t...
Stock futures rise slightly amid surge in oil prices, Ukraine conflict
Traders on the floor of the NYSE, Feb. 28, 2022. Source: NYSE Stock futures inched higher on Tuesday night as oil prices surged amid the ongoing conflict between Russia and Ukraine. Futures tied to th...
Nordstrom, SoFi, Hewlett Packard and more
A person walks into the Nordstrom store open for business as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 29, 2020 in New York...
With inflation and Ukraine, Powell must thread a needle on Capitol Hill this week to calm markets
U.S. Federal Reserve Board Chairman Jerome Powell attends his re-nominations hearing of the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington, U.S., January 11, 2022. ...
Raytheon, Block, Tesla, Foot Locker and more
The Raytheon stand is seen at the 53rd International Paris Air Show at Le Bourget Airport near Paris, France June 21, 2019. Pascal Rossignol | Reuters Check out the companies making headlines in midda...
Foot Locker, Etsy, Block, Carvana, Dish Network and more
Etsy displayed on the Nasdaq billboard in Times Square New York. Paul Zimmerman | Nasdaq | Getty Images Check out the companies making headlines in midday trading. Etsy — Shares of the e-commerce shop...
Fed’s favorite inflation gauge up 5.2% for biggest annual gain since 1983
A key inflation measure showed that prices rose at their fastest level in nearly 39 years, but it didn’t deter consumers from spending aggressively, the Commerce Department reported Friday. The ...
How Jack Dorsey grew Square from start-up to payments powerhouse
Jack Dorsey (L), CEO of Square and CEO of Twitter, live casts video while standing outside the New York Stock Exchange for the IPO of Square, in New York November 19, 2015. Lucas Jackson | Reuters In ...
Jobless claims GDP:
Weekly jobless claims came in slightly less than expected last week and economic growth to end 2021 was slightly better than originally reported, according to government data released Thursday. Initia...
Stock futures are little changed after Dow sinks to its lowest level of the year amid Ukraine crisis
U.S. stock futures were little changed Wednesday evening after the Dow Jones Industrial Average closed at its lowest level of the year amid escalating tensions between Russia and Ukraine. Dow futures ...
Stocks making the biggest moves after hours: EBay, Allbirds and more
Signage at eBay headquarters in San Jose, California, U.S., on Monday, Aug. 9, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading: Booki...
The market has adjusted its views of how the Federal Reserve will raise interest rates
The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, January 26, 2022. ...
Goldman’s David Solomon says ‘our strategy is working’ even as stock lags peers
David Solomon, chief executive officer of Goldman Sachs & Co., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bl...
Home Depot, Tempur Sealy, SoFi, Houghton Mifflin and more
People shop at a home improvement store in Bethesda, Maryland, on February 17, 2022. Mandel Ngan | AFP | Getty Images Check out the companies making headlines in midday trading Tuesday. Home Depot — S...
Roku, DraftKings, Ford & more
Check out the companies making headlines in midday trading. Roku — Roku shares were down nearly 25% after the company reported revenue for the most recent quarter that fell short of analysts’ fo...
Fed approves rules banning its officials from trading stocks, bonds and also cryptocurrencies
Federal Reserve officials won’t be able to trade a slew of assets including stocks and bonds — as well as cryptocurrencies — under new rules that became formal Friday. Following up on regulation...
DoorDash, Hasbro, Palantir, Walmart and more
The board game Monopoly by toymaker Hasbro at a toy store in New York City. Getty Images Check out the companies making headlines in midday trading Thursday. DoorDash — Shares of DoorDash jumped more ...
Fed’s Bullard says inflation ‘could get out of control’ so action is needed now
James Bullard Olivia Michael | CNBC NEW YORK — St. Louis Federal Reserve President James Bullard cautioned Thursday that without central bank action on interest rates, inflation could become an even m...
Minutes show Fed ready to raise rates, shrink balance sheet soon
Federal Reserve officials set plans into motion at their most recent meeting to begin raising interest rates and shed the trillions of dollars in bonds on the central bank balance sheet, according to ...
Retail sales January 2022:
Consumer spending bounced back sharply in January as rising inflation and a post-holiday surge kept cash registers ringing, the Commerce Department reported Wednesday. Retail sales for the month rose ...
More than 112 million viewers tune in
Los Angeles Rams’ Von Miller celebrates with the Vince Lombardi Trophy after winning Super Bowl LVI. Mike Segar | Reuters Super Bowl ratings rebounded from last year’s low, but the Nationa...
MoneyGram, Constellation Brands, Marriott and more
The logo of MoneyGram seen at a sore in San Ramon, California, on March 26, 2019. Smith Collection | Gado | Getty Images Check out the companies making headlines in midday trading. MoneyGram Internati...
Stock futures are slightly lower as Wall Street weighs Russia-Ukraine tensions, potential Fed rate hikes
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, January 18, 2022. Brendan McDermid | Reuters Stock futures dipped slightly Sunday evening as investors continued to mo...
Under Armour, Zillow, Affirm and more
An Under Armour shoe is seen inside of a store on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Check out the companies making headlines in midday trading. Under Armour — The sports...