Check out the companies making headlines before the bell: Expedia (EXPE) – The travel website operator’s stock jumped 5.4% in the premarket after Expedia beat top and bottom line estimates in it...
Tag: Economy
Why the price of a pint of beer in the UK is going through the roof
LONDON — The average cost of a pint of beer in the U.K. has soared by 70% since 2008 — well ahead of inflation — and some Londoners are parting with as much as £8 ($9.70) for 568ml of the amber nectar...
What this ‘play the recovery’ strategy says about hot bond demand
A recent trend in the exchange-traded funds market suggests bond demand is far from cooling. Corporate, government and high-yield bond ETFs saw inflows last month after lower bond prices and higher yi...
Will the Stock Market Rebound Continue? Goldman Says …
The stock market has been on a roll lately, with the S&P 500 soaring 13% since June 16 amid optimism that the Federal Reserve won’t raise interest rates much more. But now Fed officials are making...
Visa, Mastercard suspend payments for ad purchases on PornHub, MindGeek
Visa and Mastercard said Thursday card payments for advertising on Pornhub and its parent company MindGeek would be suspended after a lawsuit stoked controversy over whether the payments giants could ...
Coinbase, AMTD Digital, Restaurant Brands, Alibaba and more
A Burger King restaurant seen in Milton, Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making the biggest moves in midday trading on Thursday: Coinbase —...
Burger King parent says more customers are redeeming coupons and loyalty rewards
A Burger King Whopper hamburger is displayed on April 05, 2022 in San Anselmo, California. Justin Sullivan | Getty Images More customers at Burger King and its sister brands are redeeming coupons and ...
Here are both sides of the argument on why a recession is debatable
If you’re unsure if the U.S. economy is in a recession, you’re not alone. Gross domestic product has declined in back-to-back quarters this year, which is a common signal to market watcher...
2020 changed economy in ways we can’t understand yet
National Guard troops pose for photographers on the East Front of the U.S. Capitol the day after the House of Representatives voted to impeach President Donald Trump for the second time January 14, 20...
US weekly jobless claims rise to 260,000 ahead of nonfarm payrolls report
A sign for hire is posted on the window of a Chipotle restaurant in New York, April 29, 2022. Shannon Stapleton | Reuters Initial claims for unemployment insurance totaled 260,000 last week, near the ...
Eli Lilly, Cigna, Restaurant Brands and more
Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drug maker’s stock fell 3.6% in the premarket after it missed estimates with its quarterly results and cut its f...
Space tourism and economy market size is projected to surpass $900 billion by 2030
Global space tourism or human spaceflight for recreational purposes was estimated in 2021 to be roughly worth around $598 million. In 2021, the space tourism sector made giant leaps with four complete...
These charts show why we may not be in a recession
If the U.S. economy is in recession, someone forgot to tell the jobs market. The employment picture over the past six months is behaving nothing like an economy in a downturn, instead creating jobs at...
Main Street confidence hits all-time low on belief recession is here
Fg Trade | E+ | Getty Images Small business confidence has hit an all-time low as the majority of Main Street expects runaway inflation and a Federal Reserve that is incapable of engineering a soft la...
Shipping firm Maersk warns of weak demand and warehouses filling up
A.P. Moller-Maersk, is one of the world’s biggest container shippers with a market share of around 17%, and is widely seen as a barometer of global trade. Andia | UIG via Getty Images AP Moller-...
Could Bitcoin be positioned to thrive amid global bearish signals for the US economy?
The global sentiment of the macro-economic landscape is muted following the news of a technical recession and a 75bp rate hike by the U.S. Federal Reserve. However, the crypto markets look more potent...
Fed’s Bullard sees more interest rate hikes ahead and no U.S. recession
St. Louis Federal Reserve President James Bullard said Wednesday that the central bank will continue raising rates until it sees compelling evidence that inflation is falling. The central bank officia...
CVS, Under Armour, Moderna and more
Check out the companies making headlines before the bell: CVS Health (CVS) – The drug store operator and pharmacy benefits manager saw its shares rise 3.8% in the premarket after beating top- and bott...
Fed’s James Bullard expresses confidence that the economy can achieve a ‘soft landing’
James Bullard Olivia Michael | CNBC St. Louis Federal Reserve President James Bullard said Tuesday that he still thinks the economy can avoid a recession, even though he expects the central bank will ...
Investing In Knowledge Economy Will Help Make 21st Century Another ‘American Century’
Time publisher Henry Luce first used the term “The American Century” in a piece written in 1941 that urged the United States to forsake isolationism in favor of entering World II and defending global ...
Fed’s Mary Daly says ‘our work is far from done’ in raising rates
Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic outlook, in Idaho Falls, Idaho, U.S., November 12 2018. Ann Saphir | Reuters The Fed...
Typical job switcher got a pay raise of nearly 10%, study finds
Morsa Images | DigitalVision | Getty Images Many workers who changed jobs recently saw raises from their new paychecks outpace inflation by a wide margin — by nearly 10% or more, according to a new st...
Uber, Pinterest, Caterpillar and more
An Uber banner on the New York Stock Exchange on the day of Uber’s IPO, May 10, 2019. Source: NYSE Check out the companies making headlines in midday trading Tuesday. Uber Technologies — Uber sh...
AAX Exchange Announces Sponsorship of Blockchain Economy Istanbul Summit
AAX, a crypto exchange for everyone, is delighted to announce its participation as a Featured Sponsor at the Blockchain Economy Istanbul Summit 2022, Eurasia’s largest blockchain event of the year and...
Household debt tops $16 trillion as inflation surges and rates rise
A “For Sale” sign outside a house in Albany, California, US, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the hig...
Job openings fell sharply in June as labor market shows signs of slowing
A man walks past a “We Are Hiring” sign in New York City on July 8, 2022. Angela Weiss | AFP | Getty Images Job openings plunged in June to their lowest level since September 2021 in a pot...
Tech Co-Founder Presents Innovative User Experience (UX) Design Model For Businesses In The Digital Economy
Tech Co-Founder Presents Innovative User Experience (UX) Design Model for Businesses in the Digital Economy “The Digital Experience Company” by Alfonso de la Nuez is released with Forbes Books This re...
AAX Crypto Exchange Obtains Sponsor Status at Blockchain Economy Istanbul Summit
Vladislav Sopov Cryptocurrency heavyweight AAX becomes featured sponsor of Eurasia’s largest blockchain event of 2022 Contents AAX participates in Blockchain Economy Istanbul Summit 2022 as Feat...
PerkinElmer, Boeing, Global Payments, Bumble and more
Displays outside the Nasdaq MarketSite are pictured as dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq stock exchange during the company’s IPO in New York City, New York, U.S...
Far from Putin’s claims of resilience, Russian economy is being hammered by sanctions and exodus of international companies, Yale report finds
Media reports trumpeting the resilience of the Russian economy in the face of the international response to its invasion of neighboring Ukraine are based on misunderstandings that don’t reflect what’s...