The Federal Reserve shouldn’t use its interest-rate policy to “fine-tune” financial stability risks, said former Fed Chairman Ben Bernanke on Monday. Speaking to reporters at the Brookings Institution...
Tag: Economy
Fed’s Evans says fighting inflation is the top priority even if that means job losses
Chicago Federal Reserve President Charles Evans said the central bank is holding fast in its commitment to bring down inflation even if it means people losing their jobs. Speaking three weeks before t...
ARK’s Cathie Wood issues open letter to the Fed, saying it is risking an economic ‘bust’
Cathie Wood, Founder, CEO, and CIO of ARK Invest, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, May 2, 2022. David Swanson | Reuters The Federal Reserve likely is...
Nobel economics prize awarded to Ben Bernanke and 2 others for work on financial crises
U.S.-based economists Ben Bernanke, Douglas Diamond and Philip Dybvig have been awarded the Nobel prize in economic sciences for 2022 for research on banks and financial crises. The winners of the pri...
Credit Suisse CEO Tries to Shield Employees from the Storm
Reassuring internally and externally. This is the mission that Ulrich Körner set for himself at a time when Credit Suisse, founded in 1856, is going through one of the most difficult and painful perio...
Electric Vehicles Are Here And Electric Jets Are Coming. Should We Fear Electrification Of The Economy?
A prototype of an electric-powered aircraft set to be flown in the Air Race E-series, sits display … [+] during the first day of the 16th Dubai Air Show at Dubai World Central (DWC) in Dubai, Un...
Allianz Chief Economic Adviser El-Erian believes core inflation ‘is still going up’
Ahead of the release of the latest consumer price index reading this week, Allianz Chief Economic Adviser Mohamed El-Erian told CBS’ “Face The Nation” Sunday that he predicts headlin...
September job gains affirm that the Fed has a long way to go in inflation fight
The Go! Go! Curry restaurant has a sign in the window reading “We Are Hiring” in Cambridge, Massachusetts, July 8, 2022. Brian Snyder | Reuters September’s jobs report provided both ...
Heat wave crisis in Europe grows as locals lack air conditioners
Europe is facing a tough winter, as inflation and energy prices continue to rise. The continent also faces tough decisions following its scorching hot summer Heat waves in Europe broke records, sparke...
This retail stock is a good pick no matter what the economy does
Costco Wholesale Corporation (NASDAQ: COST) has lost nearly 25% over the past two months, which, as per Gina Sanchez (Lido Advisors), is a classic buy the dip moment. Costco is a great pick for inflat...
Bear Market Deepens As Fed Official Warns Rate Hikes Will Trigger ‘Failures’ Around Global Economy
Topline The Federal Reserve’s interest rate hikes further tanked the housing and stock markets this week, but signs that the job market may not be cooling quickly enough could mean the economy h...
Dappradar’s Q3 Industry Report Shows Crypto Economy and Participants Are ‘Riding Out the Bear Market’ – Bitcoin News
According to Dappradar’s latest crypto industry report that covers 2022’s third quarter, the crypto economy and its participants are “riding out the bear market.” However, these days a number of macro...
Three Reasons Biden’s Marijuana Policy Is Good For The Economy
Hundreds of pro-cannabis demonstrators march in New York City. Getty Images This week, President Biden announced plans to pardon thousands of people who have federal convictions for marijuana possessi...
Jobs report September 2022:
Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow the economy, the Labor Department reported Friday. Nonfarm pay...
Here’s where the jobs are for September 2022
Job growth remained strong overall in September, but declines in several sectors led to a slowdown compared to hot readings during the summer. Leisure and hospitality was the standout sector, growing ...
AMD, Levi Strauss, DraftKings and more
Here are the companies that are making headlines before the bell: Advanced Micro Devices (AMD) – AMD slid 5.3% in the premarket after cutting its sales forecast. The chipmaker said it is being hit by ...
The biggest threat today is recession, not inflation
The U.S. Federal Reserve has been raising rates too quickly, and recession risks will be “extremely” high if it continues to do so, said Jeremy Siegel, professor emeritus of finance at the...
Play-To-Earn Games Create New Opportunities In the Modern Gig Economy
Advertisement     The modern labour force is continuously reinventing itself with the shift away from traditional forms of work, such as labouring on a construction si...
Friday’s jobs report could be a case where good news isn’t really good
A worker takes a panini sandwich off a grill at a restaurant in the Union Market district in Washington, D.C., on Tuesday, Aug. 30, 2022. Al Drago | Bloomberg | Getty Images Investors are closely watc...
Compass, General Electric, Shell, Pinterest and more
The sign of a Shell petrol station is seen in front of a burning pilot flame atop a flare stack at the refinery of the Shell Energy and Chemicals Park Rheinland in Godorf near Cologne, Germany, August...
Peloton, Shell, Compass and more
Check out the companies making headlines before the bell: Conagra (CAG) – The food producer’s stock added 2% in the premarket after it reported better-than-expected quarterly profit and sales. C...
Ripple Grows into Second Largest Arab Economy via UK-Based 3s Money Club
Ripple’s remittance technology is expanding further into the UAE as Ripple partner 3S Money launches in the Middle East. According to a press statement, the Dubai Financial Services Authority (D...
The stock market is wrong: the economy isn’t going to ‘blow a gasket’ just yet, warns economist
While this year’s sharp selloff in stocks might feel brutal, particularly after the carnage of September, the S&P 500 remains about 17.1% above year-end 2019 levels, according to Dow Jones Market ...
Web 3 Holds Fair Advantages Before Unfair Attention Economy
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Stock Market Poised For Bigger Losses As Economy Enters ‘Danger Zone,’ Morgan Stanley Warns
Topline The stock market broke a historic two-day rally on Wednesday as analysts warned it’s still too early to celebrate given a rash of looming risks—including incoming corporate reports that ...
UK’s Liz Truss pledges tax-cutting future in speech plagued by protest
Prime Minister Liz Truss is seeking to rally MPs around her her tax-cutting policies following political infighting and market turmoil. Jacob King | Pa Images | Getty Images LONDON — British Prime Min...
Tesla, Enphase Energy, Exxon Mobil and more
A Tesla service and sales center is shown in Vista, California, June 3, 2022. Mike Blake | Reuters Check out the companies making headlines in midday trading Wednesday. Tesla, Twitter — Shares of Tesl...
Tesla, Ford Motor, Goldman Sachs and more
Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. Christian Marquardt | Getty Images Check out the co...