Check out the companies making headlines before the bell: Walgreens (WBA) – The pharmacy chain operator’s stock added 1.5% in the premarket after Deutsche Bank upgraded the stock to buy from hol...
Tag: Economy
Bakkt To Participate in Oppenheimer’s 5th Virtual Blockchain & Digital Assets Summit: Web 3.0 and the Creator Economy
ALPHARETTA, Ga.–(BUSINESS WIRE)–Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will participate at the Oppenheimer 5th Virtual Blockchain & Digital Assets Summit: Web 3.0 and the Creato...
UK on the brink of recession after economy contracts by 0.2% in the third quarter
The Bank of England has warned that the U.K. is facing its longest recession since records began a century ago. Huw Fairclough | Getty Images News | Getty Images LONDON — The U.K. economy contracted b...
Another Nail In The Coffin Of The Russian Economy
Hammer Hitting A Nail On The Head getty The U.S. Department of Commerce decided today that Russia should be reclassified as a “nonmarket economy.” This is yet another nail in the coffin for the Russia...
Thanksgiving flight bookings down from 2019, but higher fares lift revenue
Chicago O’Hare International Airport. Nov. 9, 2022 Leslie Josephs | CNBC Consumers have booked fewer flights for Thanksgiving week than they did three years ago, before the Covid pandemic, accor...
Fed officials welcome inflation news but still see tighter policy ahead
Prices of fruit and vegetables are on display in a store in Brooklyn, New York City, March 29, 2022. Andrew Kelly | Reuters Federal Reserve officials welcomed Thursday’s news showing that inflat...
Six Flags, Rivian, Bumble, Coinbase, Dutch Bros and more
Travis Boersma, Dutch Bros Coffee at the NYSE, September 15, 2021. Source: NYSE Check out the companies making headlines in midday trading Thursday. Coinbase – The cryptocurrency exchange was up 9.6% ...
State Council Balances Zero Covid & The Economy As Guangzhou Takes Center Stage
China Last Night KraneShares Key News Asian equities were a sea of red, as Singapore and Malaysia managed small gains. The onshore versus offshore dynamic played out again overnight as offshore China,...
Consumer prices rose 0.4% in October, less than expected, as inflation eases
The consumer price index rose less than expected in October, an indication that while inflation is still a threat to the U.S. economy, pressures could be starting to cool. The consumer price index, a ...
Consumer confidence is near its lowest in a decade, and that could be a problem for Biden
US President Joe Biden speaks during a DNC rally in Miami Gardens, Florida, US, on Tuesday, Nov. 1, 2022. Eva Marie Uzcategui | Bloomberg | Getty Images Anxiety over the cost of living and the directi...
Tapestry, WeWork, Rivian and others
Check out the companies making headlines before the bell: Tapestry (TPR) – The company behind the Coach and Kate Spade brands beat top and bottom line estimates for its latest quarter, but cut its ful...
Bumble, Rivian, Dutch Bros, FICO and more
The display outside the Nasdaq MarketSite is pictured as the dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq stock exchange during the company’s IPO in New York City, New Yor...
Total Economy crashes in Lebanon: Citizens adopt Bitcoin and Tether as option
Lebanon is facing its worst economic crisis. The local currency plunged by 90%. Citizens are looking at Bitcoin and Tether as alternatives. What is going on in Lebanon? Lebanon was once among the de...
Tropical Storm Nicole: Travel impact in Florida
This GOES-East GoeColor satellite image taken at 2:36 p.m. EST and provided by NOAA shows Tropical Storm Nicole approaching toward the northwestern Bahamas and Florida’s Atlantic coastline on Tu...
Lyft, Tripadvisor, Take-Two Interactive and more
Check out the companies making headlines in midday trading. Lyft — Shares of Lyft plummeted 21% after the company’s earnings report showed mixed results in the last quarter. The rideshare compan...
Auto loan delinquencies rise as loan-accommodation programs end
With inflation cutting into the budgets of Americans, a growing percentage of people with auto loans are struggling to make their monthly payments. TransUnion, which tracks more than 81 million auto l...
Polygon is reshaping the European data economy
Polygon is set to revolutionize the way the European data economy is conducted. It is currently envisioned, with the beginning point being that all users will be absolutely capable of being completely...
China’s Covid controls are hurting more of the economy
Pictured here is a Shanghai neighborhood under Covid lockdown on Nov. 7, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — China’s Covid situation is only getting worse, preventing the count...
From Teslas to BMWs, cars are piling up on land and sea at German port
Krisztian Bocsi | Bloomberg | Getty Images The Port of Bremerhaven, the main roll on/roll off port in Germany and one of the largest automobile hubs in the world, is experiencing gridlock. The combina...
Lyft, Take-Two, Tripadvisor and more
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and ...
Russia’s Central Bank promotes crypto as means of internationalizing embattled economy
The Central Bank of Russia is working on integrating crypto assets into the local financial system. The CBR released a report on digital assets, focusing on integrating them into financial systems. Ma...
Stocks Higher, Week Ahead, Apple, Warren Buffett-5 Things To Know
Five things you need to know before the market opens on Monday, November 7: 1. — Stock Futures Edge Higher With Fed Path, Mid-Terms In Focus U.S. equity futures edged higher Monday, while the do...
What a long-term weak pound means for the U.K. economy
A British one pound coin sits in this arranged photograph in London, U.K. Bloomberg | Bloomberg | Getty Images LONDON — The British pound‘s exchange rate against the U.S. dollar has been on a ro...
Is it safe to cruise again? Yes, say fans who are cruising again
Outbreaks, port refusals, travelers stuck onboard. Cruise ships dominated the news in early 2020 for all the wrong reasons. Some people predicted the industry would never recover. But cruising fans sa...
How phone scammers tricked Americans out of tens of billions of dollars in 2022
Despite the rise of sophisticated crypto frauds and ransomware plots, phone scams continue to trick Americans out of tens of billions of dollars each year. “It’s very cheap to set up an au...
Why hearing aids are so expensive
An estimated 48 million Americans have some form of hearing difficulty, according to the Hearing Loss Association of America. But only about 20% of people who would benefit from a hearing aid use one....
The Hydrogen Economy Will Soon Be Ready For Take Off, Including Planes And Power Plants
LISBON, PORTUGAL – JULY 22: TAP Air Portugal Airbus A321Neo, first flight using SAF – Sustainable … [+] Aviation Fuel, takes off to Ponta Delgada, Azores, on the day it was signed th...
Weekly Macroslate: Fed Chair Powell remains hawkish while BOE seem confused, lack unanimity and lose all credibility as the pound sinks along with the British economy
Macro Overview Powell is not ready to pause Investors are looking for a sign of a slowdown from Fed chair Powell, which they initially thought they were getting despite a fourth consecutive 75bps hike...
Lebanese Locals Turn to Bitcoin Amid Crisis Ridden Economy
Amid an unprecedented economic crisis, residents in Lebanon are turning to Bitcoin and Tether to store their wealth and make payments as people lose faith in local banks. A recent report by CNBC has b...