As the world embraces recession headwinds, companies globally are exploring new avenues to create value for customers, increase revenue, and monetize their services. Healthcare, in particular, is at a...
Tag: Economy
Biden’s SPR Drawdown Big Win For Beijing
Russian President Vladimir Putin and Chinese President Xi Jinping pose for a group photo during the … [+] G20 Summit in Osaka in 2019. (Photo by DOMINIQUE JACOVIDES/AFP via Getty Images) AFP via...
Why Putin’s War in Ukraine Is Going to Start Hitting Your Wallet
There is more than one way to wage war and Norwegian chemical conglomerate Yara is accusing Russia of weaponizing its spot in the food supply chain as part of its war with Ukraine. The war has caused ...
Fed Governor Waller backs quarter-point interest rate hike at next meeting
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, listens during a Senate Banking Committee confirmation hearing in Washington, D.C., on Thursday, Fe...
Netflix, Coinbase, Alphabet, SVB Financial & more
Tech stocks on display at the Nasdaq. Peter Kramer | CNBC Check out the companies making headlines in midday trading. Netflix — Shares of the streaming giant jumped more than 6% after Netflix added 7...
Watch the Federal Reserve’s Waller speak live on the economy and interest rates
[The stream is slated to start at 1 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Governor Christopher Waller is scheduled to speak Friday at 1 p.m. ...
Netflix, Alphabet, Nordstrom, PagerDuty and more
A sign is posted in front of a Google office on April 26, 2022 in San Francisco, California. Google parent company Alphabet will report first quarter earnings today after the closing bell. Justin Sull...
How NFTs Affect The Economy
– Advertisement – Non-fungible tokens (NFTs) are unquestionably a hot topic right now. Tokens such as TEDY provide exclusive authority over valuables like artwork, films, music, and other ...
What a U.S. Government Debt Default Would Mean for You
If Congress and the White House can’t agree to raise the $31.4 trillion government-debt ceiling, the government will likely default on some of its obligations. And the outlook for an accord between th...
How Long Do Recessions Last?
Getty Images Key takeaways A recession occurs when economic indicators like gross domestic product, consumer demand and employment decline Since World War II, the average recession in the U.S. lasts a...
Stocks making the biggest moves after hours: Netflix, Nordstrom and more
Check out the companies making headlines in midday trading. Netflix – Shares of Netflix jumped 6.3% after the company’s per-share earnings came short of analysts’ expectations. Nevertheles...
Fed Governor Lael Brainard sees high rates ahead even with progress on inflation
Lael Brainard, vice chair of the US Federal Reserve, during a University of Chicago Booth School of Business event in Chicago, Illinois, US, on Thursday, Jan. 19, 2023. Jim Vondruska | Bloomberg | Ge...
Norwegian Cruise Line, Allstate, Roblox and more
A Norwegian Gateway cruise ship leaves from the Manhattan port during sunset in New York City, United States on April 10, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Check out the companies ma...
P&G’s upbeat take on economy makes company more attractive in 2023
The chief executive of Club holding Procter & Gamble (PG) on Thursday said inflation appears to be easing and pressure from a strong U.S. dollar abating — comments that only reinforce our view tha...
The U.S. Hit Its Debt Limit — What Now?
U.S. dollars (Photo by LUIS ROBAYO/AFP via Getty Images) AFP via Getty Images The United States on Thursday hit its debt ceiling, the cap on how much money the government can borrow to pay its financi...
NAB Introduces Stablecoin To Enhance Digital Economy
The massive potential and ability of blockchain, as well as stablecoins, have resulted in the growing awareness of the technology, and its continuous adoption attracts big firms and entities to utiliz...
Holiday sales tanked, trucking data shows e-commerce wasn’t the issue
The market did not like what it saw from the final retail holiday sales numbers for 2022 which sets up a tough year for retailers, but e-commerce is continuing to boom, including in areas outside the ...
Discover Financial, Alcoa and more
An aluminum coil stands in a warehouse awaiting transport, at an Alcoa World Alumina Australia smelting plant, partially owned by Alumina Ltd., in Point Henry, Australia. Carla Gottgens | Bloomberg | ...
Binance, ether, bitcoin all lower as US economy slows
BNB, ether and bitcoin slid with traditional markets after U.S. economic data showed signs of an economy starting to take a breather. Retail sales fell more than expected, tripping up what had b...
Central African Republic working to integrate Sango coin into its economy
The Central African Republic (CAR) has set up a task force to explore modalities for integrating its national crypto, called the Sango coin, into the country’s economy, according to a statement from t...
Microsoft, Moderna, Mobileye, Chegg and more
Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. Charles Platiau | Reuters Check out the companies making headlines in midday trading. J.B. Hunt Transport...
WEF panel discusses the coming tokenized economy
In a wide-ranging discussion, a panel of blockchain industry personalities at the World Economic Forum (WEF) concluded that the economy will become increasingly tokenized in the future. Carbon credits...
Markets fully price in quarter-point interest rate hike in February as inflation slows
The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Sarah Silbiger | Reuters Markets are nearly certain the Federal Reserve next month will take another step down in the pace of ...
How The Defense Industry Became A Defining Feature Of The U.S. Economy
A hundred years ago, the United States did not have a defense industry. At least, not in the sense that term is used today. Companies like Dupont and Bethlehem Steel that had benefited handsomely from...
Federal Reserve Chairman Jerome Powell tests positive for Covid
Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Buildi...
Wholesale prices fell 0.5% in December, much more than expected; retail sales fall
Prices for wholesale goods and services fell sharply in December, providing another sign that inflation, while still high, is beginning to ease. The producer price index, which measures final demand p...
United Airlines, Moderna, IBM and more
A United Airlines plane taxis at Newark International Airport, in Newark, New Jersey, on January 11 2023. Kena Betancur | AFP | Getty Images Check out the companies making headlines in premarket tradi...
Over 200 millionaires urge Davos elite to up taxes on the ultra-rich
Over 200 millionaires are urging the elite echelons in attendance at this week’s World Economic Forum in Davos to “tackle extreme wealth” and “tax the ultra-rich” to help...
The U.S. economy is again being held hostage to our ridiculous federal debt ceiling
Rep. Kevin McCarthy (R-Bakersfield) gave away much of his leverage to right-wing Republican House members to become speaker. Can he keep them from crashing the economy? (Associated Press) The individu...
Sell Microsoft Stock. The Software Giant Is Facing a Bad Economy, Says Analyst.
Guggenheim is getting more pessimistic about Microsoft stock on the risk of a slowing global economy. On Tuesday, analyst John DiFucci lowered his rating on software giant Microsoft (ticker: MSFT ) to...