Cleveland Federal Reserve President and CEO Loretta Mester gives her keynote address at the 2014 Financial Stability Conference in Washington December 5, 2014. Gary Cameron | Reuters Cleveland Federal...
Tag: Economy
Beyond Meat, Sweetgreen, Adobe, Block and more
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Check out the companies ...
Big tech is out, ‘old economy’ is in on Wall Street: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, February 24, 2023 Today’s newsletter...
Britain’s taxes will be cut ‘as soon as we can afford to,’ finance minister says
Finance Minister Jeremy Hunt, in his hotly anticipated inaugural Autumn Statement, unveiled a sweeping £55 billion ($66 billion) fiscal plan. Anadolu Agency | Anadolu Agency | Getty Images U.K. Financ...
Jack Ma Loses His $3 Billion Gain As Investors Worry About Alibaba’s Growth Outlook
Alibaba cofounder Jack Ma. Wang HE/Getty Images Billionaire Jack Ma is back to square one. The $3.4 billion gain to his wealth since the start of the year has all but evaporated, after Alibaba’s stock...
OECD says global economic outlook ‘slightly better’ for 2023
People shop near prices displayed in a supermarket on February 13, 2023 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images OECD Secretary-General Mathias Cormann said the globa...
The ‘free money’ tech investment is over and the ‘old economy’ is set to become the big winner, according to Bank of America
Tech companies dominated the stock market over the past decade, but with stubborn inflation forcing the Federal Reserve to aggressively raise interest rates, their reign may be coming to an end. “Bear...
Stocks moving big after hours: SQ, CVNA, BA
A Carvana glass tower sits illuminated on Feb. 23, 2022, in Oak Brook, Illinois. Armando L. Sanchez | Tribune News Service | Getty Images Check out the companies making headlines after hours. Carvana ...
Jamie Dimon says the Federal Reserve has ‘lost a little bit of control of inflation’
JPMorgan Chase CEO Jamie Dimon said Thursday that the Federal Reserve has lost some control of inflation, but noted the U.S. economy continues to show signs of strength. “I have all the respect ...
Domino’s Pizza, Lucid, Nvidia, Nikola and more
Lucid Air Courtesy: Lucid Motors Check out the companies making headlines in midday trading. Nvidia — The chip stock spiked 12% after Nvidia topped expectations on the top and bottom lines in its most...
UK economy in ‘a lot better shape’ than bleak figures suggest, fund manager says
People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | Reuters LONDON — The U.K. has thus far avoided a widely anticip...
Albertsons Is Entering The Digital Health And Telehealth Space
Earlier this month, Albertsons announced the launch of Sincerely Health, a digital wellness, health, and care platform. The company explained that the platform’s main goal is to improve the well-being...
Jim Bianco warns stocks face serious competition
Traditional savings accounts are going up against stocks. And, the winner may be your neighborhood bank for the first time in years, according to Wall Street forecaster Jim Bianco. He contends rising ...
Minutes show Fed members resolved to keep fighting inflation
Federal Reserve officials at their most recent meeting indicated that there are signs inflation is coming down, but not enough to counter the need for more interest rate increases, meeting minutes rel...
Stocks moving big midday: PANW, COIN, DKS, AMZN
Coinbase shares are down more than 83% this year Chesnot | Getty Images Check out the companies making headlines in midday trading. Coinbase — Shares of the cryptocurrency exchange fell 5% even after ...
The surprising ways in which Web3 is transforming the consumer economy
Web3 can do a lot of things. Removing intermediaries; bridging the gap between physical and digital; bringing artists and fans closer together; supporting player-centric and user-owned economies. You ...
Walmart CEO Doug McMillon vows to fight inflation
Doug McMillon, president and CEO of Walmart. Adam Jeffery | CNBC Walmart CEO Doug McMillon wants to help bring inflationary prices down by keeping his company’s own private brands priced low, te...
Higher Interest Rates Might Drive Inflation, And We Need To Decide Very Quickly If That Is True
A surprising number of economists have recently said that they believe high rates drive inflation. This is scary for two reasons. The first reason is that the people in charge may be wrong about one o...
Coinbase, Palo Alto Networks, Toll Brothers and more
Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022. in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Check out the c...
Fed’s James Bullard pushes for faster rate hikes, sees ‘good shot’ at beating inflation
St. Louis Federal Reserve President James Bullard expressed confidence that the central bank can beat inflation and advocated Wednesday for stepping up the pace in the battle. Bullard told CNBC that a...
Chinese E-Commerce Tycoon Colin Huang Loses $3.1 Billion In One Day As Imminent Price War Spooks Investors
Pinduoduo founder Colin Huang (Photo by Qilai Shen/Bloomberg) © 2017 Bloomberg Finance LP E-commerce giants JD.com and Pinduoduo are on the cusp of a new price war, with the former pledging more than ...
Scientists Are Testing Virtual Reality For Pain Relief
Earlier this month, scientists published a ground-breaking study in the Journal of Medical Internet Research discussing the efficacy of virtual reality (VR) as a means for pain relief. The study exami...
Spring break gets pricey as travelers return to old booking habits
Spring break travel demand is picking up, driving up airfare and hotel rates. Travel app Hopper said in a report last week that domestic airfare is averaging $264 a round trip for March and April, up ...
WMT, HD, VIR and more
The Walmart logo is displayed outside their store near Bloomsburg. Paul Weaver | Lightrocket | Getty Images Check out the companies making the biggest moves in premarket trading: Walmart — Walmart sha...
How the Russian economy self-immolated in the year since Putin invaded Ukraine
A year after Putin’s invasion of Ukraine, some cynics lament that the unprecedented economic pressure campaign against Russia has not yet ended the Putin regime. What they’re missing is the transforma...
Economist Warns the Fed Can’t Reach Inflation Target Without ‘Crushing’ US Economy – Economics Bitcoin News
Economist Mohamed El-Erian, Allianz’s chief economic advisor and chair of Gramercy Funds Management, has warned that the Federal Reserve cannot achieve its 2% inflation target without crushing the U.S...
Popular ETF strategy shift may benefit investors
With Wall Street jitters increasing over the number of interest rate hikes ahead, VettaFi’s Todd Rosenbluth sees signs of a comeback in managed fixed-income exchange-traded funds. “It̵...
Why there is no such thing as a ‘no landing’ scenario for the economy: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, February 17, 2023 Today’s newsletter...
Stocks moving big midday: DE, ABNB, AN, MRNA
Deere’s autonomous 8R tractor Deere Check out the companies making the biggest moves midday: Deere — Shares rose 7.7% after the company reported earnings-per-share of $6.55 for its fiscal first ...
China rebound is the biggest unknown facing oil markets, IEA chief says
Fatih Birol, executive director of the International Energy Agency (IEA) at the World Economic Forum (WEF) in Davos, Switzerland. Bloomberg | Getty Images The International Energy Agency’s execu...
DKNG, DASH, DE, Roku and more
Pavlo Gonchar | LightRocket | Getty Images Check out the companies making headlines before the bell: DraftKings — DraftKings shares surged more than 8% after the sports betting company posted fourth-q...