The economy’s health remains the main subject of concern for consumers and investors, who just about every week see another wave of corporate job cuts. On Nov. 30, DoorDash was the umpteenth com...
Tag: Economy
Fed Chair Jerome Powell says smaller rate hikes could come in December
WASHINGTON – Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead even as he sees progress in the fight against inflation as largely inadequ...
Watch Fed Chair Jerome Powell speak on the economy and monetary policy
[The stream is slated to start at 1:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell is slated to speak Wednesday at the Brooking...
Powell Speech Preview: Markets Seek Dovish Tilt As Rate Bets Fade
Federal Reserve Chairman Jerome Powell is set to deliver a key policy speech Wednesday in Washington in what could be the last major address from a central bank official prior to its December rate-set...
Job openings fall amid Fed efforts to cool labor market
Workers sort packages at a FedEx Express facility on Cyber Monday in Garden City, New York, on Monday, Nov. 28, 2022. Michael Nagle | Bloomberg | Getty Images Job openings dipped in October amid the F...
FTX’s Crash Had a ‘Very Limited’ Impact on Singapore’s Economy, Claims DPM
Lawrence Wong – Deputy Prime Minister of Singapore – said major local financial institutions have “insignificant” exposure to cryptocurrencies and digital asset companies. As such, the gigantic crash ...
Private hiring increased by just 127,000 jobs in November, well below estimate, ADP reports
Private hiring slowed sharply during November in a sign that the historically tight labor market could be losing some steam, according to a report Wednesday from payroll processing firm ADP. Companies...
Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Elon Musk thinks a recession is coming and worrie...
What to expect from the eurozone economy in 2023
When the COVID-19 pandemic hit the world, governments and central banks responded with a single voice. They eased fiscal and monetary policies to ease the pressure on economies gripped by lockdowns. A...
Transitory inflation talk is back. But economists say higher prices here to stay
Prices of fruit and vegetables are on display in a store in Brooklyn, New York City, March 29, 2022. Andrew Kelly | Reuters Global markets have taken heart in recent weeks from data indicating that in...
Hormel, Petco, CrowdStrike and more
Check out the companies making headlines before the bell: Hormel (HRL) – The food producer’s stock slid 6.4% in the premarket after reporting a mixed quarter. Earnings beat estimates, but sales ...
3 scenarios for the US economy in 2023
Today is November’s last day, and you can already sense the smell of holidays in the air. The last trading month of the year has traditionally been slow for financial markets, particularly the second ...
Healthcare Organizations Are Finding Novel Uses For Virtual Health Technology
The virtual health revolution has been prevalent over the last few years, especially fueled by generation-shifting events such as the Covid-19 pandemic. Now, more than ever before, healthcare leaders,...
Taiwan Economy Grew 4% In Quarter Marked By Heightened Military Tension With Mainland China
An Albatross unmanned aerial vehicle ready to take off during live-fire drills at Hengchun Airport … [+] in Taiwan amid heightened military tension with Beijing in August. Photographer: I-Hwa Ch...
Double-digit percentage drop will hit stocks in 2023: Morgan Stanley
Investors may be on the doorstep of a deep pullback. Morgan Stanley’s Mike Wilson, who has a S&P 500 year-end target of 3,900 for next year, warns corporate America is getting ready to unlea...
Workday, CrowdStrike, Horizon and more
CrowdStrike IPO at the Nasdaq exchange June 12, 2019. Source: Nasdaq Check out the companies making headlines in after-hours trading. Workday — Workday gained 6% postmarket Tuesday after earnings beat...
Apple, Chevron, Bilibili, Hibbett & more
Silhouette of a mobile user seen next to a screen projection of the Apple logo in this picture illustration taken March 28, 2018. Dado Ruvic | Reuters Check out the companies making headlines in midda...
Nikkei 225 price forecast for 2023 amid the reopening of the domestic economy
The Nikkei 225 index tracks 225 blue-chip companies traded on the Tokyo Stock Exchange. It went nowhere in 2022, hovering between 26,000 and 28,000 points, unable to hold below or above. The price act...
In China’s Slumping Economy, Pinduoduo’s Reclusive Billionaire Founder Has Managed To Gain $15 Billion
Colin Huang, founder of Pinduoduo. Qilai Shen/Bloomberg China’s economic headwinds and a sweeping crackdown on private enterprises have battered the fortunes of many tech billionaires, but one mogul h...
Venture Capital Firms Are Partnering With Healthcare Organizations To Improve Digital Health
Venture capital (VC) firms are increasingly playing a role in all aspects of healthcare. This is a growing trend globally, as healthcare organizations are eager for the resources, expertise, and capit...
Black Friday online sales top $9 billion in new record
Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe, which tracks sales on retailers’ websites. Overall online sales for the day after Thanks...
Kellogg, General Mills, Post cereal sales slow after pandemic surge
Kellogg, the 117-year-old brand that started as a breakfast cereal company has since expanded to be one of the largest food companies in the world, has seen declining cereal sales over the past couple...
With rail strike looming, tech companies reroute chips to trucking
A container delivery truck heads for one of the terminals at the Port of Long Beach in Long Beach, California. Frederic J. Brown | AFP | Getty Images Technology companies supplying critical semiconduc...
Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months – Altcoins Bitcoin News
During the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that tether, the ...
The Effect Of the Bitcoin Crash On El Salvador’s Economy?
The bitcoin crash has negatively affected the first country to adopt bitcoin, El Salvador, as a legal tender. The President of El Salvador, Nayib Bukele, has been an advocate of bitcoin adoption as a ...
Blockchain Technology May Transform The Future Of Healthcare
Blockchain technology has truly revolutionized the vision for the future of information and data. At the most fundamental level, blockchain technology enables decentralization of data; that is, it all...
Why investors may want to add retail ETFs to their cart
‘Tis the season for shopping — and maybe for some investors: ETFs. Despite consumer headwinds tied to the economic slowdown, Amplify ETFs’ Brian Giere sees opportunities in retail. “...
R. Kiyosaki says economy is ‘the biggest bubble in world history’, urges to ditch paper assets
The author of the personal finance book ‘Rich Dad, Poor Dad’ Robert Kiyosaki, has extended his bearish stand on the global economy amid prevailing fears of an impending recession. Indeed, Kiyosaki ha...
Global Trade Will Never Look The Same
Amer. & Chinese flags table decorations during US/China ceremony renewing 1989 MOA Memo of Agreement … [+] re Intl. Trade in Commercial Launch Services. (Photo by Forrest Anderson/Getty Imag...
Charting the Global Economy: OECD Raises Inflation Forecast
(Bloomberg) — Central banks around the world must be steadfast in their inflation fight even though economies will suffer as a result, the OECD said this week. Most Read from Bloomberg The organ...