Visa payment cards laid out on a computer keyboard. Matt Cardy | Getty Images Visa is betting that crypto investors still want to spend their digital currencies, even as prices plummet this year. The ...
Tag: Breaking news
Friday’s jobs report could be a case where good news isn’t really good
A worker takes a panini sandwich off a grill at a restaurant in the Union Market district in Washington, D.C., on Tuesday, Aug. 30, 2022. Al Drago | Bloomberg | Getty Images Investors are closely watc...
ADP jobs report September 2022:
The U.S. labor market showed strength in September, with private companies adding more jobs than expected, payroll services firm ADP reported Wednesday. Businesses added 208,000 for the month, better ...
Why the Federal Reserve won’t be so quick to ease up on its fight against inflation
Jerome Powell, chairman of the US Federal Reserve, speaks during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Federal Reserve officials this week gave their clearest signal ...
JOLTS August 2022:
The level of job openings plunged by more than a million in August, providing a potential early sign that the massive U.S. labor gap is beginning to close. Available positions totaled 10.05 million fo...
Inflation accelerated even more than expected in August
Inflation in August was stronger than expected despite the Federal Reserve’s efforts to bring down prices, according to data Friday that the central bank follows closely. The personal consumptio...
Fed Vice Chair Brainard warns against retreating from inflation fight prematurely
U.S. Federal Reserve board member Lael Brainard speaks after she was nominated by U.S. President Joe Biden to serve as vice chair of the Federal Reserve, in the Eisenhower Executive Office Building’s ...
Apple, CarMax, Coinbase, Peloton and more
An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar | Reuters Check out the companies making headlines in midday trading. Apple — The big technology stock shed 5% followi...
Jobless claims hit five-month low despite Fed’s efforts to slow labor market
A person arranges groceries in El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., August 19, 2022. Sarah Silbiger | Reuters Initial filings for unemployment claims fell last we...
Apple, Netflix, Biogen, Canopy Growth and more
A Biogen facility in Cambridge, Massachusetts. Brian Snyder | Reuters Check out the companies making headlines in midday trading. Apple — Apple shares fell 3.4% on Wednesday following a report that th...
California, New York and other U.S. states take action against crypto lender Nexo
A group of U.S. state regulators announced an array of legal actions against crypto lender Nexo on Monday. California’s Department of Financial Protection and Innovation issued a cease and desis...
FTX in talks to raise $1 billion at valuation of about $32 billion
Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE – Children With Special Needs at Casa Cipriani on June 23, 2022 in New York City. Craig Barritt | Getty I...
Rates raised by three-quarters of a percentage point
The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will keep hiking well above the current level. In its quest to bring d...
Here’s everything the Federal Reserve is expected to do today
Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images There’...
Netflix, Adobe, Wynn Resorts, Humana and more
Adobe Systems world headquarters in downtown San Jose, Calif. Lisa Werner | Moment Mobile | Getty Images Check out the companies making headlines in midday trading. Netflix — The streaming stock gaine...
Retail sales August 2022:
People shop at a 99 Cents retail store in the Bronx borough of New York City, U.S., July 13, 2022. Shannon Stapleton | Reuters Retail sales numbers were better than expected in August as price increas...
NextEra, Danaher, Rhythm Pharmaceuticals and more
Wind turbines at the San Gorgonio Pass wind farm, owned by NextEra Energy Inc., in Whitewater, California, on Wednesday, Feb. 17, 2021. Bing Guan | Bloomberg | Getty Images Check out the companies mak...
Producer price index August 2022:
The prices that producers receive for goods and services declined in August, a mild respite from inflation pressures that are threatening to send the U.S. economy into recession. The producer price in...
Inflation isn’t just about fuel costs anymore, as price increases broaden across the economy
A person shops in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Andrew Kelly | Reuters For the better part of a year, the inflation narrative among many economis...
Inflation rose 0.1% in August even with sharp drop in gas prices
Inflation rose more than expected in August as rising shelter and food costs offset a drop in gas prices, the Bureau of Labor Statistics reported Tuesday. The consumer price index, which tracks a broa...
Falling gas prices are raising hopes that inflation is slowing, New York Fed survey shows
People shop at a supermarket in Montebello, California, on August 23, 2022. Frederic J. Brown | AFP | Getty Images Lower gas prices are raising optimism that inflation is on the decline, according to ...
Fed’s Waller sees ‘significant’ rate hike this month, backs data-dependent approach
Federal Reserve Governor Christopher Waller on Friday echoed recent sentiments from his colleagues, saying he expects a big interest rate increase later this month. He also said policymakers should st...
Fed Chair Powell vows to raise rates to fight inflation ‘until the job is done’
Federal Reserve Chairman Jerome Powell in an appearance Thursday emphasized the importance of getting inflation down now before the public gets too used to higher prices and comes to expect them as th...
Watch Fed Chair Jerome Powell speak live in Q&A at the Cato Institute
[The stream is slated to start at 9:10 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 morning in a question-and...
GameStop, American Eagle Outfitters, Asana and more
GameStop — GameStop surged 9.2% before the bell despite sharing a widening quarterly loss and declining sales. The video game retailer also announced a partnership with crypto exchange FTX. GameStop&#...
Fed Vice Chair Brainard vows ‘we are in this for as long as it takes’ to stop inflation
Federal Reserve Vice Chair Lael Brainard vowed Wednesday to press the fight against inflation that she said is hurting lower-income Americans the most. That will mean more interest rate increases and ...
Market bracing for another three-quarter point hike from the Fed this month
Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington, DC, on July 27, 2022. Mandel Ngan | AFP | Getty Images Traders are now seeing a near-certainty that the Fede...
Coupa Software, GitLab and more
Employees assemble food containers on a production line at the Newell Rubbermaid factory in Mogadore, Ohio. Ty Wright | Bloomberg | Getty Images Check out the companies making headlines in extended tr...