Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, July 27, 2022. Elizabeth Frantz | Re...
Tag: Economy
Sweat Economy (SWEAT) Goes Live on Near Protocol, Metrics Rocketing
Vladislav Sopov Mainstream move-to-earn app Sweat Economy (SWEAT) debuts on Near Protocol (NEAR) to much fanfare Contents Fastest IDO ever, download count on fire SWEAT trading sets new records on exc...
Rates raised by three-quarters of a percentage point
The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will keep hiking well above the current level. In its quest to bring d...
Freyr Battery, Stitch Fix, General Mills, Trupanion and more
General Mills’ Cheerios for sale on a store shelf. Lisa Baertlein | Reuters Check out the companies making headlines in midday trading Wednesday. Freyr Battery — Shares of the electric vehicle b...
FedEx’s warning reflects both global economy and internal shortcomings
A FedEx worker makes a delivery on September 16, 2022 in Miami Beach, Florida. Joe Raedle | Getty Images FedEx warned of weakening global shipping demand in a preliminary earnings report last week, le...
Congress to grill CEOs of top US banks on the state of the economy
Congress will, this week, grill CEOs of top US banks, including JPMorgan Chase & Co (NYSE: JPM), Bank of America Corp (NYSE: BAC), Wells Fargo & Co (NYSE: WFC), Citigroup Inc. (NYSE: C), and o...
Here’s everything the Federal Reserve is expected to do today
Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images There’...
General Mills, Stitch Fix, Beyond Meat and others
Check out the companies making headlines before the bell: General Mills (GIS) – General Mills shares gained 1.8% in the premarket after the food producer reported a better-than-expected quarterly prof...
Fed should hike interest rate rates 150 basis points: Wells Fargo
It’s a move that would likely cause panic on Wall Street. But Wells Fargo Securities’ Michael Schumacher suggests the Federal Reserve is raising rates too slowly, telling CNBC’s R...
Blockchain Economy Dubai Summit Is Just Around the Corner
Excitement for the world’s most global blockchain & crypto conference is at its peak as Blockchain Economy Dubai Summit date is approaching. Blockchain Economy Events are attended by famous TV&...
Layoffs loom on the horizon, some economists say
From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy. “There has been a lot of talk recently...
Sweat Economy Launch Breaks Crypto Records
London, UK, 20th September, 2022, Chainwire Last week, Sweat Economy – the ‘economy of movement’ – successfully launched on NEAR with the largest ever airdrop to active, opted-in, wallets...
We see more of a ‘Stagflation’ economy
AT&T CEO (T) John Stankey is taking a cautious stance on the short-term outlook for an economy continuing to wade through high levels of inflation and a tick-up in layoffs. “It’s hard ...
Change Healthcare, Ford, PayPal, Humana and more
Ford Motor Company’s electric F-150 Lightning on the production line at their Rouge Electric Vehicle Center in Dearborn, Michigan on September 8, 2022. Jeff Kowalsky | AFP | Getty Images Check o...
Sweden’s central bank launches 100 basis point rate hike
Sweden’s Riksbank launched a 100 basis point hike to interest rates on Tuesday as it looks to rein in inflation. Mikael Sjoberg/Bloomberg via Getty Images Sweden’s Riksbank on Tuesday laun...
Lennar, Coinbase, Array Technologies and more
A worker at a Lennar home under construction. Justin Sullivan | Getty Images News | Getty Images Check out the companies making the biggest moves midday Monday: D.R. Horton, Lennar, PulteGroup — Homeb...
Elon Musk Warns Again About Troubles Ahead
Elon Musk is worried about the future of the economy. The CEO of electric vehicle maker Tesla (TSLA) has been repeating for the past few days his fears about what awaits the economy as the Federal ...
Why U.S. Shale Producers Aren’t Riding To The Rescue Despite Tight Oil Supplies
In an aerial view of oil pumpjacks at work in the Permian Basin oil field in Crane, Texas. A … [+] tightening global ban on Russian oil and other geopolitical realities may mean that oil produce...
How much does it cost to visit Bhutan? $200 a day plus travel costs
The Kingdom of Bhutan is reopening to tourists on Friday with a hefty hike to its daily tourist tax. Before the country closed its borders in March 2020 in response to the Covid-19 pandemic, travelers...
Gloom Or Doom For Global Economy? Vanguard Gives 65% Recession Odds
Wall Street is daring Fed Chairman Jerome Powelll to stop raising rates. But without a real … [+] recession and with inflation at 40 year highs, why stop now? (Photo by Kevin Dietsch/Getty Image...
The Economy Is Slowing Down. What It Means for the Fed.
Fed Chair Jerome Powell has warned that the central bank’s tighter monetary policy will be painful. The latest data confirm he’s right. Ting Shen/Bloomberg Text size For Jerome Powell’s Fe...
Robert Kiyosaki Warns Fed Rate Hikes Will Destroy US Economy — Says Invest in ‘Real Money’ Naming Bitcoin – Economics Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says the Federal Reserve will destroy the U.S. economy with interest rate hikes. He advises people to invest in “real mon...
Midjourney Founder David Holz On The Impact Of AI On Art, Imagination And The Creative Economy
composition of image generated by artificial intelligence self getty Midjourney is one of the leading drivers of the emerging technology of using artificial intelligence (AI) to create visual imagery ...
Are New Coins Sweat Economy (SWEAT) and Tamadoge (TAMA) Worthy?
In the middle of the extended crypto winter, new coin launches are still highly subscribed. Recently, Sweat Economy (SWEAT) and Tamadoge (TAMA) had resounding presale successes which makes investors a...
Russian economy won’t recover from Ukraine war ‘until 2030s’
Russian President Vladimir Putin economy recession war Ukraine sanctions – Russian President Vladimir Putin Russia’s economy won’t recover to pre-war levels before the end of this decade as it r...
Why Hispanic workers could face an outsized hit in a U.S. recession
Huntstock | Disabilityimages | Getty Images Turbulent times may be ahead for Hispanic workers, a new report from Wells Fargo found. The firm expects Latino workers to take an outsized hit if a mild re...
FedEx, Adobe, Boeing and more
FedEx received its first five of an order of 500 electric Light Commercial Vehicles (eLCVs) from BrightDrop. Courtesy: Fedex Check out the companies making headlines in midday trading. FedEx – Shares ...
FedEx CEO says he expects the economy to enter a ‘worldwide recession’
FedEx CEO Raj Subramaniam told CNBC’s Jim Cramer on Thursday that he believes a recession is impending for the global economy. “I think so. But you know, these numbers, they don’t po...
Why FedEx’s profit warning is such bad news for the U.S. economy
FedEx Corp. has bad news for investors, but what the logistics company’s massive profit warning says about the U.S. economy may be even worse. “The FedEx news was pretty stark. But when I read it, I w...