Federal Reserve Vice Chair Lael Brainard vowed Wednesday to press the fight against inflation that she said is hurting lower-income Americans the most. That will mean more interest rate increases and ...
Tag: Economy
UiPath, ChargePoint, Twitter and more
The logo and trading symbol for Twitter is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, July 11, 2022. Brendan McDermid | Reuters Check out the companies ...
Will Student Loan Forgiveness Help The Economy? Now Or Later?
Assessing the economic impact of student loan forgiveness. Getty Images Key Takeaways Student loan forgiveness does nothing to make inflation spike at this moment. People already had those payments on...
Market bracing for another three-quarter point hike from the Fed this month
Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington, DC, on July 27, 2022. Mandel Ngan | AFP | Getty Images Traders are now seeing a near-certainty that the Fede...
Coupa, UiPath, Nio and more
Check out the companies making headlines before the bell: Coupa Software — Shares surged 11.6% after the business management software company surpassed earnings estimates in its recent quarter, and is...
Former Brazilian Economy Minister Joins Binance’s Advisory Board (Report)
Despite the ongoing bear market, the world’s largest cryptocurrency exchange – Binance – continues to expand its team. Henrique Meirelles, who served as Brazilian Central Bank President and Economy Mi...
Euro-dollar exchange rate yields steep discount for Americans
Mathieu Young/Getty Images Americans traveling to Europe can do so a bit more cheaply these days than in recent years. The U.S. dollar is trading at its highest level in roughly two decades relative t...
Alibaba, FedEx, Bed Bath & Beyond and more
FedEx trucks at Indianapolis International Airport in Indianapolis, Indiana. Kaiti Sullivan | Bloomberg | Getty Images Check out the companies making the biggest moves midday Tuesday: Illumina — Share...
Liz Truss promises action on soaring energy bills in first speech as UK PM
Liz Truss promised to tackle soaring energy bills in her first speech as U.K. prime minister outside 10 Downing Street. Leon Neal / Staff / Getty Images LONDON — Britain’s new prime minister, Li...
Bed Bath, Dropbox, Transocean and more
Check out the companies making headlines in premarket trading. Bed Bath & Beyond — The beleaguered home goods retailer dropped another 14.1%, adding to several straight days of losses. The latest ...
Will Europe’s ‘Third World’ Economic Crisis Lead To Global Recession?
Netherlands leadership says Europeans need to get used to being poorer. Bad policy decisions leading … [+] to one crisis after the next as layoffs begin in one of the most important economic reg...
France says imposing a price cap on Russian oil will be difficult
France’s Finance Minister Bruno Le Maire speaks on July 25, 2022 at the Finance ministry in Berlin, Germany. David Gannon | Afp | Getty Images French Finance Minister Bruno Le Maire said on Satu...
Economists are divided on the risk of a U.S. recession
Is the U.S. economy showing no signs of a recession or hurtling inescapably towards one? Is it in fact already in one? More than a month after the country recorded two successive quarters of economic...
Britain’s next prime minister to be announced
Former Finance Minister Rishi Sunak or current Foreign Secretary Liz Truss will be announced as the U.K’s new prime minister later Monday. Dan Kitwood / Staff / Stringer / Getty Images LONDON — ...
OPEC+ Faces Output Dilemma as Darkening Economy Unsettles Market
(Bloomberg) — The OPEC+ coalition is heading into unfamiliar territory. Most Read from Bloomberg After spending two years gradually feeding idle oil production back into the post-pandemic world,...
Deloitte: 50% of CFOs expect a downturn to hit the US Economy this year.
A survey was organized from August 1 to 15 by 112 CFOs The CFOs were from the U.S., Canada and Mexico Deloitte, one of the Big Four accounting companies, issued the outcomes of its CFO Signals Survey ...
Global Energy Markets Enter Winter Of Discontent
LONDON, ENGLAND – AUGUST 26: Protesters hold placards during a demonstration against rising energy … [+] prices outside Ofgem’s headquarters in Canary Wharf on August 26, 2022 in Lon...
Chinese E-Commerce Companies Suffer as Economy Sours
Chinese consumers are cutting back on discretionary purchases and becoming more thrifty as the country’s economic slowdown drags on, impeding the once-inexorable growth of the country’s e-commerce com...
India Surpasses UK as World’s 5th Largest Economy Based on IMF Data – Economics Bitcoin News
India is now the world’s fifth-largest economy after surpassing the U.K., the latest data from the International Monetary Fund (IMF) shows. India’s former chief economic advisor expects the country to...
Nearly 50% of CFOs Surveyed Expect Recession to Hit US Economy This Year – Coinotizia
Financial services firm Deloitte has conducted a survey of chief financial officers (CFOs) and found that nearly 50% of respondents expect the U.S. economy to be in recession this year. Furthermore, 3...
Nearly 50% of CFOs Surveyed Expect Recession to Hit US Economy This Year – Economics Bitcoin News
Financial services firm Deloitte has conducted a survey of chief financial officers (CFOs) and found that nearly 50% of respondents expect the U.S. economy to be in recession this year. Furthermore, 3...
Crypto Economy Loses $102 Billion in 30 Days — BTC, SOL Shed the Most Losses – Market Updates Bitcoin News
A great deal of digital currencies are down in value during the last 30 days and the worst performing crypto out of the top ten coins with the largest market valuations was solana, losing 19.12% again...
The technology that can revolutionize South East Asia’s economy
Regulators in South East Asia have become increasingly hawkish on digital assets such as Bitcoin and other cryptocurrencies. On the 9th of August, Thai Finance Minister Arkhom Termpittayapaisith annou...
Brazilian Cryptocurrency Exchange Mercado Bitcoin Lays Off 15% of Workforce Due to Global Economy Woes – Exchanges Bitcoin News
Mercado Bitcoin, one of the biggest Brazilian cryptocurrency exchanges, has announced a new wave of layoffs amidst a worsening global economic situation for fintech startups, which the exchange states...
How ‘quiet quitting’ became the next phase of the Great Resignation
“Quiet quitting” is having a moment. The trend of employees choosing to not go above and beyond their jobs in ways that include refusing to answer emails during evenings or weekends, or sk...
Why a higher unemployment rate may be good
Catherine Mcqueen | Moment | Getty Images Why the unemployment rate increased in August The unemployment rate increased by 0.2 percentage points from 3.5% in July — a level that had tied with early 20...
August jobs report shows declining participation among Black workers
Commuters arrive at Grand Central station during morning rush hour in New York, Nov. 18, 2021. Jeenah Moon | Bloomberg | Getty Images The August jobs report showed the U.S. unemployment rate rise acro...
Kohl’s, Broadcom, Lululemon and more
People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Check out the companies making the biggest moves midday: Kohl’s — Share...
Historian Niall Ferguson has a warning for investors
Top historian Niall Ferguson warned Friday that the world is sleepwalking into an era of political and economic upheaval akin to the 1970s — only worse. Speaking to CNBC at the Ambrosetti Forum in Ita...
Here’s where the jobs are for August 2022 — in one chart
The U.S. economy added another 315,000 payrolls in August, with jobs growth slowing overall but still widespread throughout the economy. The economy saw growth in all the key sectors and subsectors in...
August 2022 jobs report:
Nonfarm payrolls rose solidly in August amid an otherwise slowing economy, while the unemployment rate ticked higher as more workers rejoined the labor force, the Bureau of Labor Statistics reported F...