Topline The U.S. economy shrank for a second quarter in a row this year, a second estimate from the Bureau of Economic Analysis confirmed Thursday—once again signaling the start of a technical recessi...
Tag: Economy
Dollar Tree, Peloton, Salesforce and more
Check out the companies making headlines before the bell: Dollar Tree (DLTR) – The discount retailer’s stock slid 6.6% in the premarket after cutting its full-year earnings forecast, due to the ...
Blockchain Economy Summit Is Coming to Dubai This October
The Next edition of the World’s flagship blockchain and crypto event is scheduled for October 4-5, 2022 in Dubai, UAE. The world’s largest blockchain and crypto conferences network, Blockchain Economy...
Richest Chinese Billionaire’s Flagship Posts Double-Digit Profit Rise In Tough Economy
Nongfu Spring Chairman Zhong Shanshan in 2013. (Photo by STR/CNS/AFP via Getty Images) CNS/AFP via Getty Images You don’t get to be China’s richest man without a lot of business acumen, and Zhong Shan...
Stocks making biggest moves after hours: Nvidia, Salesforce and more
In this photo illustration the stock trading graph of Nvidia Corporation seen on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Check out the companies making headline...
How bitcoin can contribute to economy success?
New forms of digital assets, such as stablecoins and cryptocurrencies, have emerged in recent years because of advancements in blockchain technology. These developments provide the groundwork for crea...
There’s a new supercycle emerging for the economy, and these are the stocks that would benefit, strategist says
It’s been an interesting summer for financial markets — more or less, a series of mostly downbeat economic data led traders to think the Fed will ease off the pedal, though over the last week they’re ...
Peloton, Bed Bath & Beyond, Nordstrom and more
A man walks in front of a Peloton store in Manhattan on May 05, 2021 in New York. John Smith | Corbis News | Getty Images Check out the companies making headlines in midday trading. Bed Bath & Bey...
What Forgiving Student Loan Debt Could Mean for the Economy
Nearly 44 million people collectively owe $1.7 trillion in federal student loans. Forgiving some or all of it would cost taxpayers hundreds of billions of dollars. Stefani Reynolds/AFP/Getty Images Te...
How to save $1 million for retirement on an annual salary of $70,000
Consistently saving a small percentage of your salary is a simple way to ensure you’re prepared for retirement. As a rule of thumb, most financial advisors suggest you save 10% to 15% of your ea...
Is It True That Cash Is King During A Recession?
Getty Images Key takeaways According to GDP growth metrics, the U.S. is in a recession, but economic indicators suggest we’re not “technically” there Recessions often come with higher unemployment, le...
Nobel prize winner Phelps says U.S. needs 1950s-style productivity boom
The U.S. needs to return to the kind of economic and productivity growth it saw in mid-20th century to boost public spirits, according to a Nobel Prize-winning economist. “We badly need to get ...
Stocks making the biggest moves premarket: Petco, Brinker International, Nordstrom
Check out the companies making headlines before the bell: Petco (WOOF) – The pet products retailer fell short of Street forecasts on both the top and bottom lines for its latest quarter, and cut its f...
The Healthcare System Is Facing Higher Acuity And More Sick Patients
Though the Covid-19 pandemic truly tested the capabilities of healthcare systems worldwide, the aftermath has created a similar problem: patients are sicker than ever before, and are requiring higher ...
China tears down tower blocks in effort to boost stalling economy
China Evergrande Group property construction – Bloomberg China is tearing down tower blocks and pausing construction on buildings that could house 75m people as Xi Jinping’s government seeks to ...
Twitter, Zoom, Palo Alto Networks, Macy’s and more
Check out the companies making headlines in midday trading Tuesday. Zoom Video — Zoom sank more than 14% after missing on revenue estimates for the previous quarter due to a strong dollar. The video c...
5 Ways To Manage Your Career Ahead Of A Recession
A recession can create ups and downs in your career. getty If you’re an employee, chances are you’re feeling some concern about the economy and the job market. And your concerns are reasonable, given ...
AMC, Signify Health, Netflix and more
Netflix is expanding its push into mobile gaming. Sopa Images | Lightrocket | Getty Images Check out the companies making the biggest moves midday Monday: AMC — Shares of the theater chain dropped nea...
XPeng, China’s EV Startup, To Report Earnings, As Covid Stunts Economy
XPeng (XPEV), China’s electric-vehicle startup and aspiring Tesla (TSLA) challenger, reports earnings Tuesday. While the company’s vehicle deliveries ballooned in July, economic turbulence...
Trump PAC paid lawyers almost $1 million amid Georgia, New York probes
Former President Donald Trump‘s political action committee, Save America, paid nearly $1 million to civil and criminal defense attorneys in July alone as investigations into him and the Trump Or...
How much does it cost to travel full time? Here’s what one couple pays
Ernestas Tyminas felt “stuck” in his role as a marketing manager at a newspaper in Colorado Springs, Colorado. So he requested two months off to backpack through Asia, he said, landing in ...
‘The pause has meant everything:’ What happens to borrowers — and the economy — if Biden lets student loan payments resume in September
There’s less than two weeks until the latest pause on federal student loan payments is set to expire on Aug. 31. No need to tell Cassie Smith. The chance of restarted payments are “a looming rain clou...
Citi projects UK inflation to breach 18% in January as energy prices skyrocket
Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | Getty Images LONDON — U.K. inflation is on course to...
Shoppers Are Getting Cheap. Here Are Stocks to Buy in a Trade-Down Economy
I regret buying a twin pack of 40-ounce ranch dressing jugs this past week. It’s not that I over-ranched—the warehouse club industry was built around rewarding extreme condiment commitments with low u...
What Are the Best States for Retirement in 2022?
So many factors go into the decision of not only when and where to retire. Some people are limited by the places where their savings will stretch the farthest while others want to be by the sea at any...
It Doesn’t Seem Imminent—But The Housing Market Collapse Deepens As Fed Officials Warn ‘Economy Will Slow’
Topline Cooling inflation has helped temper concerns of an imminent recession, particularly as the job market continues to show historic strength, but a worsening housing market collapse and vast unce...
The U.S. economy is still sluggish — leading indicators fall for fifth month in a row
The numbers: The U.S. leading index fell by 0.4% in July to mark the fifth decline in a row, reflecting a slowdown in the economy tied to rising interest rates and pessimism among consumers. Economist...
What this week’s retail earnings tell us about Costco, Amazon and Apple
Target (TGT) missed on earnings. Lowe’s (LOW) provided mixed results. Home Depot (HD) fared better. Walmart (WMT) beat estimates but warned its customers were focusing more on lower prices. Resu...
Inflation peaking? 10 common consumer items where prices are falling
A customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas. Brandon Bell | Getty Images July’s consumer price index report finally showed a sign of potential relief...
Bed Bath & Beyond, Foot Locker and more
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Check out the companies making headlines in midday trading. Foot Locker — The retail stock surged more than 20% after it appointed former Ulta Beauty hea...
Opinion: You work hard to pay off debt. Here’s the secret to keep you from backsliding as the economy slows
Credit-card debt has surged 13% this past year — the largest increase in 20 years. If you find yourself with a growing amount of debt, you need to get yourself back on solid footing before it snowball...