Check out the companies making headlines before the bell: Deere (DE) – Deere slid 5.2% in premarket trading after the heavy equipment maker missed quarterly earnings estimates despite higher-than-expe...
Tag: Economy
Qatari National Blockchain Blueprint Spotlights Benefits of the Technology to Country’s Economy – Emerging Markets Bitcoin News
Qatar’s recently released “National Blockchain Blueprint” has suggested that the technology, combined with a “solid regulatory framework,” can help the country build an innovative information technolo...
China’s economy wrestles with growing youth unemployment and falling prices for new homes
When Xi Jinping came to power in China in 2012 and detailed his ‘Chinese dream,’ he didn’t anticipate how difficult it would be for him to win an unprecedented third term as the country’s leader. Mean...
Energy bills are squeezing businesses and people as UK costs soar
A high street decorated with British Union Jack bunting in Penistone, UK. The End Fuel Poverty Coalition has warned “a tsunami of fuel poverty will hit the country this winter.” Bloomberg ...
China’s heatwave could have knock-on effect on its economy: Economist
A citizen wearing a breathing mask to escape heat rides on the road on May 23, 2019 in China. The electricity load in the Chinese province of Henan reached a new record on Monday, primarily driven by ...
Central Bank Hawkishness Hasn’t Faded Yet Despite Lower Inflation
Fed Chairman Jerome Powell. More interest rate hikes to curb inflation. As it is now, anyone who got … [+] a 5% raise last year has last it all, and then some. (Photo by Scott Olson/Getty Images...
Cisco, BJ’s Wholesale, Bed Bath & Beyond, Kohl’s and more
A customer walks through an aisle of a BJ’s Wholesale Club Inc. store in Falls Church, Virginia, U.S. Bloomberg | Bloomberg | Getty Images Check out the companies making the biggest moves midday...
Jobless claims edge lower as Fed looks to cool labor market
A “We’re Hiring” sign is posted at a Target store on August 05, 2022 in San Rafael, California. Justin Sullivan | Getty Images Initial filings for unemployment benefits declined slig...
Kohl’s, BJ’s Wholesale, Estee Lauder and more
Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s shares slid 7.2% in the premarket after the retailer cut its full-year forecast due to increased promotional...
China’s economy on the brink of collapse like the U.S. in 2008; Here’s why
On Monday, August 15, China’s central bank cut a key interest rate, representing a second cut this year, withdrawing cash from the banking system. Analysts believe that this divergence in policy compa...
Fed Minutes Lean on Inflation, Jobs Data For Rate Hike Direction
Updated at 4:20 pm EST The Federal Reserve is likely to use incoming data, as opposed to a preferred policy path, to determine the size of future rate hikes, minutes from the central bank’s July...
Stocks making the biggest moves after hours: Cisco, Wolfspeed & more
A sign bearing the logo for communications and security tech giant Cisco Systems Inc is seen outside one of its offices in San Jose, California, August 11, 2022. Paresh Dave | Reuters Check out the co...
Fed minutes July 2022:
Federal Reserve officials at their July meeting indicated they likely would not consider pulling back on interest rate hikes until inflation came down substantially, according to minutes from the sess...
Retail sales July 2022:
Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images Retail activity was flat in July as falling fuel prices held back gas station sales and consumers turn...
Lowe’s, Target, TJX and more
Check out the companies making headlines before the bell: Lowe’s (LOW) – Lowe’s rose 1% in the premarket after it reported quarterly earnings of $4.67 per share, 9 cents above estimates. T...
Chipmakers Are Flashing More Warnings on the Global Economy
(Bloomberg) — Mounting concern over semiconductor demand is sending shudders through North Asia’s high-tech exporters, which historically serve as a bellwether for the international economy. Mos...
Biden signs Inflation Reduction Act into law, setting 15% minimum corporate tax rate
After more than a year of debate over costs, taxes, tax credits and regulations, President Joe Biden finally signed his sweeping tax, health and climate bill into law — albeit a significantly reduced ...
3 takeaways from the Investing Club’s ‘Morning Meeting’ on Tuesday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments: We want growth without inf...
JPMorgan CEO Predicts Turbulent Times Ahead For the US Economy – Coinpedia – Fintech & Cryptocurreny News Media
JPMorgan recently released its 2022 Q2 results. The company’s net income was $8.6 billion, down by 28%, dominantly driven by a net credit reserve build of $428 million compared to a net release of $3....
ETH Falls Below $1,900 as Markets React to Weakening Chinese Economy – Market Updates Bitcoin News
Ethereum fell below $1,900 earlier today, as crypto markets continued to react to disappointing economic data from China. Figures for July showed that both retail sales and industrial production in Ch...
Home Depot, Walmart, Masimo and more
Check out the companies making headlines before the bell: Home Depot (HD) – Home Depot reported a quarterly profit of $5.05 per share, 11 cents above estimates, with revenue and comparable store sales...
Business travel spending might not return to pre-Covid levels until 2026
Lighted tunnel in the United Airlines terminal, O’Hare International Airport, Chicago Illinois. Andrew Woodley | Universal Images Group via Getty Images Business travel spending might not recove...
U.S. freight rates have peaked, another signal inflation is easing
Trucks at the entrance to the Port of Oakland in Oakland, California, US, on Thursday, July 14, 2022. David Paul Morris | Bloomberg | Getty Images U.S. freight rates increased 28% year over year, but ...
How can I earn positive returns while the economy stalls? Here are 3 proven recession-resistant stocks to keep you ahead of the game
How can I earn positive returns while the economy stalls? Here are 3 proven recession-resistant stocks to keep you ahead of the game We’re already in a recession, despite what you might hear from the ...
Premium products take priority as companies battle cost-of-living
“As we create more premium beverages, it becomes more difficult for customers to replicate it at home and we think that helps with the concept of trade down,” Starbucks CFO Rachel Ruggeri ...
The other reason why food prices are rising
The United Nations’ worst-case scenario calculation is that global food prices will rise by an additional 8.5% by 2027. More expensive fertilizers are contributed to those higher costs, with som...
How Sri Lanka’s economic collapse raises alarm bells for other emerging markets
During the 2010s, Sri Lanka had one of the fastest-growing economies in Asia. Things took a 180-degree turn at the end of the decade as the country’s economy stumbled. In May 2022, the governme...
Goldman sees a ‘feasible but difficult path’ for the Fed to defeat inflation without a recession
Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images The Federal ...