It was a heist that was as brazen as it was simple. On the morning of Nov. 29, 1985, a couple entered The University of Arizona Museum of Art in Tucson, Arizona. Within minutes, “Woman-OchreR...
Tag: Economy
FedEx, International Paper, Uber and more
Check out the companies making headlines before the bell: FedEx (FDX) – FedEx tumbled 20.3% in premarket trading after issuing a profit warning due to declining package delivery volumes around the wor...
BofA predicts breakout in mergers due to downcycle
Mergers in software may be about to break out. Top investment banker Rick Sherlund of Bank of America sees a wave of struggling companies putting themselves up for sale at cheaper prices due to the ec...
Shiba Inu-Dogecoin-Led Meme Economy Sees 16% Jump in Trading Volumes Amid Market Drop
According to CoinMarketCap data, the “Doggone Doggerel” class, including Dogecoin and Shiba Inu, has seen a 16% jump in trading volumes in the last 24 hours. This category of assets demons...
FedEx issues ominous warning about the global economy, shares tumble
FedEx (FDX) withdrew its full year earnings guidance and reported preliminary first quarter results that fell short of Wall Street estimates, sending shares tumbling in extended trading on Thursday. &...
Biden pushed railways, unions to ‘be creative,’ White House says
President Joe Biden urged railway executives and union leaders to be creative and flexible in finding a compromise to avoid a shutdown that could have disrupted the transport of goods across the U.S.,...
Netflix, Adobe, Wynn Resorts, Humana and more
Adobe Systems world headquarters in downtown San Jose, Calif. Lisa Werner | Moment Mobile | Getty Images Check out the companies making headlines in midday trading. Netflix — The streaming stock gaine...
Global shipping companies now want to fly their goods too
French company CMA CGM launched its air cargo division in March 2021. Urbanandsport | Nurphoto | Getty Images Ocean freight companies are adding air cargo to their businesses as shippers look for a &#...
Retail sales August 2022:
People shop at a 99 Cents retail store in the Bronx borough of New York City, U.S., July 13, 2022. Shannon Stapleton | Reuters Retail sales numbers were better than expected in August as price increas...
Rail stocks, Arconic, NextEra Energy and more
Check out the companies making headlines before the bell: Union Pacific (UNP), CSX (CSX), Norfolk Southern (NSC) – Rail stocks are all higher in the premarket following news of a tentative agreement t...
Riyadh To Host Global Fintech Experts as the Kingdom Ramps up To Transform Into a Truly Digital Economy
After successfully managing DIFC Fintech Week, one of the largest fintech events in the Middle East, Trescon will host its World Fintech Show taking place on 5 – 6December 2022at the Intercontinental ...
Uk only major economy to increase crypto adoption
According to a new report by Chainalysis, the UK is the only world major economy to have increased crypto adoption this year. Chainalysis report The Chainalysis report titled “The 2022 Global Crypto A...
Why the CoinDesk Market Index Matters for the New Economy
The CMI brings structure to the process by which investors define and value the myriad digital assets in existence, bringing order to the otherwise chaotic world of crypto. As such, we see the CMI as ...
Bad News Is Piling Up for Chip Makers
The months follow one another and look alike for the manufacturers of semiconductors. There is an ongoing cycle of bad news for these companies whose chips power almost all the technological hardware ...
Here’s why President Biden is still optimistic about the US economy despite white-hot inflation of 8.3% in August
‘Prices have been essentially flat’: Here’s why President Biden is still optimistic about the US economy despite white-hot inflation of 8.3% in August Raging inflation continues to c...
Elon Musk Reiterates His Worst Nightmare for The Economy
The markets are slumping as investors worry about the consequences of the Federal Reserve’s aggressive interest-rate hikes, designed to fight an inflation rate that’s the highest in 40 yea...
Twilio, Starbucks, Nikola, Moderna and more
A cup of Starbucks coffee sits on a table in a cafe. Joel Boh | Reuters Check out the companies making headlines in midday trading. Starbucks — Shares jumped 6% after the coffee chain raised its long-...
Producer price index August 2022:
The prices that producers receive for goods and services declined in August, a mild respite from inflation pressures that are threatening to send the U.S. economy into recession. The producer price in...
Inflation isn’t just about fuel costs anymore, as price increases broaden across the economy
A person shops in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Andrew Kelly | Reuters For the better part of a year, the inflation narrative among many economis...
Inflation rose 0.1% in August even with sharp drop in gas prices
Inflation rose more than expected in August as rising shelter and food costs offset a drop in gas prices, the Bureau of Labor Statistics reported Tuesday. The consumer price index, which tracks a broa...
SoFi, Nucor, Starbucks, CSX & more
Check out the companies making headlines in premarket trading Wednesday. Starbucks – Shares of Starbucks gained nearly 1% after the company boosted its long-term forecast and said it expects double-di...
Next Fed rate hike to spark dangerous game in economy: Peter Boockvar
The market’s violent reaction to hotter-than-expected inflation may usher in more losses. Investor Peter Boockvar believes Wall Street is coming to grips with a painful reality: Inflation isn...
Upland paves the way to the mass market with an open and inclusive economy
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Upland, the layer-1 metaverse, has secured a unique position to attract the mass...
17 million in Europe got long Covid in first two years of pandemic: WHO
New research suggests at least 17 million people across Europe and central Asia suffered from long Covid within the first two years of the pandemic. Filadendron | E+ | Getty Images At least 17 million...