The EUR/USD price was stuck at the parity level after the latest US non-farm payrolls (NFP) data. The current price is in the range where the pair was in the past few days. It is also slightly above l...
Tag: Economy
The Fed must do two things to re-establish credibility, Allianz’s El-Erian says
Although it has now established more consistent messaging to the market, the U.S. Federal Reserve needs to do two more things to re-establish its credibility, according to Mohamed El-Erian, chief econ...
Lululemon, Broadcom, Starbucks and more
Check out the companies making headlines before the bell: Lululemon (LULU) – Lululemon rallied 9.5% in the premarket after reporting better-than-expected quarterly results and issuing an upbeat ...
Powering the Decentralized Economy- Commissioned by W3BCLOUD
The Block Research was commissioned by W3BCLOUD to create “Blockchain Compute & Staking: Powering the Decentralized Economy”. To access the full report in PDF format, please fill out the form belo...
Michael ‘Big Short’ Burry Makes Another Dire Prediction
Michael Burry rose to fame after the 2015 film “The Big Short” depicted his bet on the subprime-mortgage meltdown, which sparked the 2008 financial crisis. The financier has since become ...
GameStop meme stock movie ‘Dumb Money’ in the works with Seth Rogen, Pete Davidson
A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Last year’s GameStop meme stock phen...
Stocks making the biggest moves after hours: Lululemon, Broadcom and more
Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making he...
Nvidia, Okta, Five Below, Bed Bath & Beyond and more
A Nvidia logo is seen on the company’s building at an industry park on February 7, 2019 in Tianjin, China. VCG | Visual China Group | Getty Images Check out the companies making headlines in mid...
Small businesses desperate for workers even as companies slow hiring
While some companies have slowed the pace of hiring due to concerns about an economic slowdown, the demand from small businesses for new workers has not yet shown signs of declining, Paychex CEO Marty...
Cheapest airline tickets? How to save money on flights and airfare
There are many ways to save money on flights. But booking airfare on a certain day of the week isn’t one of them, according to data from Google Flights. Booking mid-week — and especially Tuesday...
Jobless claims total 232,000, the lowest level in two months
Initial filings for unemployment insurance fell to their lowest level since late June last week, a sign that the labor market is resilient amid a slowing economy. Claims totaled 232,000 for the week e...
Japan proposes crypto tax breaks to invigorate economy
In an effort to reinvigorate the Japanese economy, regulators are proposing to ease tax rules on cryptocurrencies. Japanese regulator’s proposal Prime Minister Fumio Kishida wants to boost the third-l...
Hormel Foods, Campbell Soup, Ciena and others
Check out the companies making headlines before the bell: Hormel Foods (HRL) – Hormel fell 4.2% in the premarket after issuing a mixed batch of quarterly results and guidance. The food producer’...
Okta, Nutanix, Five Below and more
The inside of one of Five Below’s existing locations. Five Below Check out the companies making headlines after hours. Pure Storage — The tech stock jumped 7% after the data storage developer su...
Jerome Powell May Soon Bomb The Economy
Federal Reserve boss Jerome Powell sent stocks tumbling with a speech vowing an unrelenting fight against inflation by raising interest rates. He admitted that means slowing the economy and inflicting...
Japan Govt Mulls Tax Relaxation For Cryptos, Investors To Boost Economy
Japan’s Prime Minister Fumio Kishida has come up with a new initiative to boost the country’s economy amidst the global economic slowdown. In the latest development, Japan’s financial watchdog propose...
Why Japan Could Ease Crypto Rules To Revitalize Economy
Per a report from Bloomberg, crypto investors in Japan might soon benefit from a change in the country’s regulation. The Japanese Financial Service Agency (FSA) has filed a proposal that would grant b...
Japan proposes easing crypto taxes in a bid to strengthen the economy
Japan’s regulator, the Financial Services Agency (FSA), is proposing easing the corporate crypto tax in the country to strengthen the economy in line with Prime Minister Fumio Kishida’s vision. Under ...
Private payrolls grew by just 132,000 in August
A hiring sign is seen in a cafe as the U.S. Labor Department released its July employment report, in Manhattan, New York City, August 5, 2022. Andrew Kelly | Reuters Companies sharply slowed the pace ...
JOLTS July 2022:
A “Now Hiring” sign is posted at a Home Depot store on August 05, 2022 in San Rafael, California. Justin Sullivan | Getty Images There were nearly 1 million more job openings than expected...
Fed’s Mester sees benchmark rate above 4% and no cuts at least through 2023
Loretta Mester at Jackson Hole, Wyoming David A. Grogan | CNBC Cleveland Federal Reserve President Loretta Mester said Wednesday she sees interest rates rising considerably higher before the central b...
Designer Brands, Express, Chewy and more
Check out the companies making headlines before the bell: Designer Brands (DBI) – The footwear and accessories retailer reported better-than-expected profit and revenue for its latest quarter and rais...
UK economy on verge of stagflation as it phases out Russian energy imports
The UK economy has been hit pretty hard by the devastating effects of inflation, rising energy, and food prices, decreasing household purchasing power, and diminishing savings rate with difficult-to-c...
The Dollar Will Get Even Stronger. Why That Could Slam the Global Economy.
Even for mighty Microsoft , $595 million is a lot of money. That’s how much the software giant’s sales were reduced in the most recent quarter by the ever-stronger U.S. dollar. Indeed, a broad range o...
IMF Expects US Economy To Experience High Inflation
Inflation will be high for at least a year or two Furman Says Fed Should Raise Inflation Goal Many central banks, including the Fed, have adopted a 2% inflation target in recent decades The Internatio...
JPMorgan Advises Investors to Sell Crypto, Buy Value Stocks — Says the Fed Overestimates Strength of US Economy – Markets and Prices Bitcoin News
The chief global strategist of JPMorgan Asset Management has advised investors to focus on valuations, invest in value stocks, sell crypto, and steer clear of bitcoin. “The Federal Reserve is overesti...
HP earnings miss estimates as slowing economy takes its toll
The post COVID-19 PC hangover has found its way to the doorsteps of computing giant HP Inc. after making stops at rival Dell and chipmakers like Intel. HP saw fiscal third-quarter sales fall 4.1% from...
Fed’s Williams pushes back on expectations of a rate cut next year
John Williams, chief executive officer of the Federal Reserve Bank of New York, speaks at an event in New York, November 6, 2019. Carlo Allegri | Reuters New York Federal Reserve President John Willia...
Job Market Remains ‘Extraordinarily Strong’—Here’s Why That Could Be Bad News For The Economy
Topline Despite economists predicting a second consecutive month of declines, job openings unexpectedly rose last month—signaling the labor market remains strong and that Federal Reserve officials may...
Big Lots, Best Buy, Nikola and Lucid
A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots – Shares jumped 7.8% after the...