Is a Recession Likely When Everyone Has a Job? getty While economists jawbone about the odds of a recession, a competing narrative suggests this time might be different. Those of us in the business of...
Tag: Economy
Neobanks raise savings yields as Bank of England hikes interest rates
The Starling Bank app displayed on a person’s phone. Adrian Dennis | AFP via Getty Images LONDON — Online banks in the U.K. are racing to bump up the yields on their savings accounts in a bid to...
California’s New Fast-Food Employment Council Will Stifle Opportunity In The Golden State
McDonald’s is testing new ordering kiosks at a working restaurant at the company’s Oak Brook, … [+] Illinois headquarters. (Photo by Ralf-Finn Hestoft/Corbis via Getty Images) Corbis...
NASDAQ-100 Weakens Further: A Price Chart Analysis
Nasdaq, Nasdaq-100, Apple, growth getty AppleAAPL , MicrosoftMSFT and AmazonAMZN are the 3 biggest components of the NASDAQ-100 Index and it’s been months since any of them have seen higher highs. Inv...
‘Big Short’ Michael Burry Sends an Alarming Warning to Investors
Investors are worried. They wonder whether we are in a recession or we are heading towards a recession. What will this sharp slowdown in economic activity look like as companies have started pausing ...
Minxie Launches NFT Project That Aims to Provide the Untapped Creator Economy With Solutions Through Blockchain – Press release Bitcoin News
press release PRESS RELEASE. “NFTs aren’t dead, they are going to be everywhere” says Tina Lou, Head of Marketing at Minxie, “and, actually, the bear market is the best thing that could have happened ...
Netflix, Snap, Warner Bros. Discovery, AT&T, Novavax and more
The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading. Netflix— Netflix tumbl...
ECB hikes rates, sees significant increases ahead as it announces plan to shrink balance sheet
President of the European Central Bank Christine Lagarde attends a hearing of the Committee on Economic and Monetary Affairs in the European Parliament on November 28, 2022 in Brussels, Belgium. Thier...
Sales fall 0.6% as consumers feel pressure from inflation
A woman carries bags of merchandise from J.Crew, Nordstrom, UGG, and Victorias Secret at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Cons...
ECB President Christine Lagarde speaks after rate decision
[The stream is slated to start at 8:45 EST. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is due to give a press conference ...
Here’s everything the Federal Reserve is expected to do Wednesday
Call it a sign of the times where a half percentage point interest rate increase from the Federal Reserve is considered looser monetary policy. Prior to this year, the Fed hadn’t boosted benchma...
Tesla, Warner Bros. Discovery, Lennar and more
Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla fell 1.2% in premarket trading after an SEC filing showed that Elon Musk sold another $3.6 billion in shares. The stock i...
Recession fears could trigger a ‘lipstick’ effect on deal activity next year
In one of the biggest media mergers in history, AOL acquired Time Warner for $182 billion in 2000 to form $350 billion mega-corporation, AOL Time Warner Erik Freeland | Corbis Historical | Getty Image...
Powell Says Economy Slowed Significantly From Last Year’s Pace
Jerome Powell Speech: U.S. Federal Reserve chair Jerome Powell revealed economic projections on interest rates, unemployment, inflation and economic growth in his speech after the release of interest ...
House Oversight Committee Puts Political Agenda Above Energy Security
FILE – House Oversight and Reform Subcommittee on Environment Chair Ro Khanna (D-Calif.) led last … [+] week’s hearing on the oil industry and climate change. (AP Photo/Jacquelyn Mar...
Fed raises interest rates half a point
The Federal Reserve on Wednesday raised its benchmark interest rate to the highest level in 15 years, indicating that the fight against inflation is not over despite some promising signs lately. Keepi...
SoFi Technologies, Charter Communications, Delta and more
Delta Airlines Embraer ERJ 170-200 flying above Los Angeles International Airport on Oct. 2, 2022 in Los Angeles, California. AaronP/Bauer-Griffin | Gc Images | Getty Images Check out the companies ma...
Bank of England seen hiking by a half-point as inflation shows signs of peaking
The Bank of England is expected to raise interest rates by 50 basis points on Thursday, with inflation showing signs of peaking but still uncomfortably high at 10.7% in November. Bloomberg | Bloomberg...
Delta, Tesla, Moderna and others
Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta jumped 3.8% in the premarket after the airline raised its current quarter forecast and issued an upbeat 2023 out...
Why salaries in the United States don’t keep up with inflation
Inflation in the United States hit a record high in June 2022. Consumer prices soared by 9.1% compared with a year prior — the largest annual increase since 1981. While wages are rising, they’re...
UK inflation falls from 41-year high as fuel price surge eases
Brexit has added more than £200 to the average U.K. household food bill, according to a new study from the London School of Economics. Nathan Stirk | Getty Images News | Getty Images LONDON — U.K. inf...
Jim Cramer’s Investing Club meeting Monday: Fed, oil stocks, Disney
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. The Fed is winning Watching...
Prices rose less than expected in November, up 7.1% from a year ago
Prices rose less than expected in November, the latest sign that the runaway inflation that has been gripping the economy is beginning to loosen up. The consumer price index, which measures a wide bas...
Bank of England calls for ‘urgent’ global action after near-collapse of UK pension funds
LONDON, February 03: Governor of the Bank of England Andrew Bailey leaves after a press conference at Bank of England on February 3, 2022 in London, England. Dan Kitwood | Getty Images News | Getty Im...
All eyes are on tomorrow’s crucial inflation report. Here’s how the Fed, the economy, and markets could respond
Americans have grappled with record gasoline prices and soaring food costs this year in a cost-of-living crisis that is reminiscent of the inflationary 1980s. Year-over-year inflation, as measured by ...
Horizon Therapeutics, Coupa Software, Weber and more
Check out the companies making headlines in midday trading. Horizon Therapeutics – Shares of the drugmaker jumped 15.5% after the company announced it has agreed to be acquired by Amgen in a deal valu...
Consumers see inflation easing considerably in the next year, New York Fed survey shows
Shoppers carry bags of purchased merchandise at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Consumers grew more optimistic about inflatio...
Inflation peaked but will remain above pre-Covid levels: Mastercard
Inflation has already peaked, but it will remain above pre-Covid levels in 2023, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute. “...
Opinion: Opinion: The Fed should pause rate hikes since inflation has slowed — it won’t
The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its benchmark interest rate steady instead of raising the federal funds by a half percentage point to a...