Private payroll growth held strong on October while worker pay rose as well, particularly in the leisure and hospitality industry, according to a report Wednesday from payroll processing firm ADP. Com...
Tag: Economy
CVS, Estee lauder, Canada Goose and others
Check out the companies making headlines before the bell: CVS (CVS) – CVS gained 1.9% in the premarket after reporting better-than-expected revenue and profit for its latest quarter. The company also ...
Bank of England set for biggest rate hike in 33 years, but economists expect dovish tilt
Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on 2nd July 2021 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The ...
A Quarter of Americans Say Inflation, Economy Woes Sparking Interest in Crypto, Poll Finds
Of the 2,000 voters surveyed by Grayscale (which, like CoinDesk, is owned by Digital Currency Group), 37% said they would factor candidates’ policy positions on crypto before casting a vote. However, ...
Uber, Abiomed, Peloton, Carvana, Molson Coors and more
A traveller waits for an Uber rider at Midway International Airport on May 09, 2022 in Chicago, Illinois. Uber plans to cut spending and hiring in an attempt slow the company’s plummeting stock ...
JOLTS September 2022
The Go! Go! Curry restaurant has a sign in the window reading “We Are Hiring” in Cambridge, Massachusetts, July 8, 2022. Brian Snyder | Reuters Job openings surged in September despite Fed...
Stocks making the biggest moves after hours: Avis, Stryker and more
A customer waits for his car at the garage of Avis Budget Group at the San Francisco airport. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in after-hours tradi...
‘Titanium Economy’ Auto Suppliers May Want To Take A Page From Tesla
The new book on successful “industrial technology” manufacturers. Dale Buss They may be mostly Tier 2 or Tier 3 or even Tier 4 suppliers to automakers or to Tier 1 suppliers, but many U.S....
What an inverted yield curve means for the economy
Catherine Yeulet | Getty Images What the inverted yield curve means Generally, longer-term bonds pay more than bonds with shorter maturities. Since longer-maturity bonds are more vulnerable to price c...
Putin ‘Destroyed’ Russian Economy Save For Oil, White House Says
Topline Russian President Vladimir Putin has sunk his country’s economy outside of the still lucrative oil exports, a Biden Administration official said Monday, as Russia largely retreats from the glo...
What is Sweat Economy? Crypto Ecosystem in the “Move to Earn” Model
Would getting paid to work out encourage you to move more? Sweat Economy came to the market with a novel notion that makes Move-to-Earn more accessible and eliminates entrance hurdles that existed in ...
Professor Steve Hanke Says US Economy Was Flat Over the Last Year, but Stresses ‘It’s Going to Hit South’ – Coinotizia
Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes a “prett...
Want to book a flight but pay for it next year? Here’s how it works
Travel demand is still picking up, and so are the prices of flight tickets. Surging prices are causing some to cut back on spending, but others are finding new ways to pay for their holiday plans. Mo...
Professor Steve Hanke Says US Economy Was Flat Over the Last Year, but Stresses ‘It’s Going to Hit South’ – Economics Bitcoin News
Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes a “prett...
Hopes Of Fed Pivot Fade As U.S. Economy Returns To Growth
The US economy has surprisingly shaken off a series of steep rate rises, indicating the Federal Reserve’s campaign to tame historic high inflation is not over yet, new figures out today reveal. Gross ...
Federal Taxes Will Hit a Lot More People This Year
Few things are more pleasant that when an accountant runs through what you’ve earned and paid and confirms that you will not owe any extra taxes in April. On the other hand, few things are worse...
‘Rich Dad’ R. Kiyosaki explains what will crash economy, calls for Bitcoin accumulation
The author of the personal finance book ‘Rich Dad, Poor Dad’ Robert Kiyosaki, believes that the ongoing Federal Reserve policies to contain inflation are acting as a catalyst for an economic crash. A...
Self-sovereignty in the creator economy and Web3 — Is there room for both?
On Oct. 28, NFT Steez, a biweekly Twitter Spaces hosted by Alyssa Expósito and Ray Salmond, met with Web3 content writer Julie Plavnik to discuss the importance of self-sovereignty while building a di...
Heat Batters The Economy, Unanswered Questions About Tesla Semi And Pollution-Killing Houseplants
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. Barges stranded by low water Getty Images...
An Abundance Agenda For America
Statue of Liberty and New York City Skyline with Manhattan Financial District, Battery Park, Water … [+] of New York Harbor, World Trade Center, Tourboat and Blue Sky. getty Third quarter GDP gr...
Another jumbo Fed rate hike is expected next week — and then life gets difficult for Powell
First the easy part. Economists widely expect Federal Reserve monetary-policy makers to approve a fourth straight jumbo interest-rate rise at its meeting next week. A hike of three-quarters of a perce...
Apple, Amazon, Intel and more
Customers shop at the Apple Fifth Avenue store for the release of the Apple iPhone 14 in New York City, September 16, 2022. Andrew Kelly | Reuters Check out the companies making headlines in midday tr...
Why Consumers May Be in Better Shape Than We Think
Why Consumers May Be in Better Shape Than We Think getty Economists’ expectations for a downturn in the next year are so high that the recent good news — the economy grew at a 2.6% annual rate in the ...
Majority of Voters Want More Crypto Regulation — See Digital Assets as Long-Term Part of Economy, Survey Shows – Regulation Bitcoin News
A new survey shows that a majority of likely voters want more crypto regulation. “Our national survey shows voters believe in the promise of digital assets and see it as a long-term part of the econom...
U.S. consumer spending seeing a ‘mitigation’ in growth not a slowdown, says Bank of America CEO
U.S. consumer spending is experiencing a “mitigation of growth” but not a slowdown, Bank of America CEO Brian Moynihan said Friday. Interest rate hikes by the Federal Reserve are starting ...
Why to prepare your finances for recession despite strong GDP report
Dimitri Otis | Stone | Getty Images The U.S. economy grew in the third quarter, reversing a negative trend from the first half of the year — but weakness looms under the surface and households shouldn...
Exxon Mobil, Chevron, Amazon and others
Check out the companies making headlines before the bell: Exxon Mobil (XOM) – Exxon Mobil added 2.2% in premarket trading after record profits exceeded analyst forecasts. Higher natural gas prices and...
PCE Inflation September 2022:
Halloween candy is for sale at a Harris Teeter grocery store on October 17, 2022 in Washington, DC. Drew Angerer | Getty Images An economic gauge that the Federal Reserve follows closely showed that i...
US economy seeing a ‘mitigation’ in growth not a slowdown, says Bank of America CEO
The U.S. economy is experiencing a “mitigation of growth” but not a slowdown, Bank of America CEO Brian Moynihan said Friday. Interest rate hikes by the Federal Reserve are starting to be ...