For decades, Apple has taken the path less traveled. The company has never been viewed as a traditional healthcare company, but rather as a technology giant that has pioneered some of the most innovat...
Tag: Economy
Donald Trump Warns US Economy Is Facing ‘Much Bigger Problem Than Recession’ — ‘We’ll Have a Depression’ – Economics Bitcoin News
Former President Donald Trump has warned that the U.S. economy is facing “a much bigger problem than recession.” Noting that “We’ll have a depression,” he stressed: “We have to get this country going,...
Stock futures fall slightly as Wall Street braces for a busy week of earnings, Fed meeting
Traders on the floor of the NYSE, July 6, 2022. Source: NYSE U.S. stock futures fell slightly on Sunday night, coming off a positive week for the major averages, as traders brace for the busiest week ...
New way to short Tesla with AXS Investments ETF
Investors have a new way to make bullish and bearish bets on large-cap stocks. AXS Investments launched eight of 18 approved single-stock leveraged ETFs this month. The funds aim to increase exposure ...
Fed to Inflict More Pain on Economy as It Readies Big Rate Hike
(Bloomberg) — The Federal Reserve will probably have to inflict much more pain on the economy to get inflation under control. Most Read from Bloomberg Growth is already slowing in response to th...
When to buy euros, other currency for a trip abroad
Glowimages | Glowimages | Getty Images It’s a good time to be an American traveling abroad. The value of the U.S. dollar has been at its strongest in years relative to many major global currenci...
The Federal Reserve’s inflation fight and the U.S. housing market
The Covid-19 pandemic caused chaos in the U.S. housing market, with prices skyrocketing, inventories dwindling and intense bidding wars. Then came record inflation, which drove the price of everything...
UK faces a summer of strikes as historic inflation and falling real wages bite
LONDON, ENGLAND – JUNE 25: A view of the crowd at the RMT strike rally at Kings cross station on June 25, 2022 in London, United Kingdom. The biggest rail strikes in 30 years started on Monday n...
Twitter misses Q2 expectations, blames economy and Musk
Twitter (TWTR) reported its Q2 earnings before markets opened Friday, falling short of analysts’ expectations, amid the backdrop of company’s impending court battle with Tesla (TSLA) CEO E...
A Federal Reserve Recession May Be Here; The Good And Bad News For U.S. Economy, S&P 500
The Federal Reserve is slamming on the brakes to stem inflation — with another 75-basis-point rate hike expected Wednesday — even as the U.S. economy is sucking wind. A Fed-induced recession now seems...
American Express, Verizon, Schlumberger and more
Check out the companies making headlines before the bell: American Express (AXP) – American Express rallied 4.5% in the premarket after beating top and bottom line estimates for the second quarter. Ca...
CEOs say they are raising prices, cutting costs as inflation dominates post-earnings conversations
NEW YORK, NEW YORK – MAY 02: Elon Musk attends the 2022 Costume Institute Benefit celebrating In America: An Anthology of Fashion at Metropolitan Museum of Art on May 02, 2022 in New York City. ...
West Coast ports reduce idling vessels as container supply increases
The queue of vessels waiting to unload goods at the Port of Los Angeles, North America’s busiest container port, has fallen 80% since the start of the year as global container prices continue to...
Danaher, Tesla, AT&T and more
A woman walks by an AT&T store in Washington D.C. Ting Shen | Xinhua News Agency | Getty Images Check out the companies making headlines in midday trading. Danaher – Shares of the medical conglome...
Crypto firm Blockchain.com lays off 25% of staff as 3AC fallout spreads
Blockchain co-founder and CEO Peter Smith speaks during the Web Summit tech conference in Lisbon, Portugal on November 6, 2018. Pedro Fiúza | NurPhoto via Getty Images Crypto startup Blockchain.com sa...
Watch Christine Lagarde speak after the ECB surprises markets with larger rate hike
[The stream is slated to start at 08:45 ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference after...
Crypto-hub Dubai To Add US$4 Billion In Its Economy In The Next Five Years
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AT&T, DR Horton, Travelers and more
Check out the companies making headlines before the bell: AT&T (T) – AT&T fell 1.8% in the premarket, despite beating estimates on both the top and bottom lines for the second quarter, as it l...
Jobless claims rise again in another sign that labor market is cooling
A man walks past a “Now Hiring” sign in New York City on July 8, 2022. Angela Weiss | AFP | Getty Images Initial jobless claims hit their highest level since mid-November last week, the la...
How to save money on travel? Five tips for cheaper flights and hotels
1. Finding cheaper flights Those who are strategic about saving spend 23% less on flights than those who aren’t, according to a survey of budget travelers by the booking site VacationRenter. To...
Here’s What Another China Lockdown Could Mean For The U.S. Economy
More Covid lockdowns in China would be “another headache” for the Federal Reserve in its battle against inflation, experts say, though global supply-chain bottlenecks are easing. If there’s any indica...
Americans Are Getting the Stock Market Really Wrong
A reason more people consider real estate to be a better investment than stocks, bonds, gold, cryptocurrency or a bank account is the value of an average American home grew by more than 20% between th...
With A Week Until Next Fed Meeting, 75bps Hike Expected
Markets expect the Fed to hike 75bps next week, with some chance of a 100bps move. (Photo by SAUL … [+] LOEB / AFP) (Photo credit should read SAUL LOEB/AFP via Getty Images) AFP via Getty Images...
Netflix, Las Vegas Sands and more
The Netflix logo is seen on their office in Hollywood, California. Lucy Nicholson | Reuters Check out the companies making headlines in midday trading. Netflix — Shares of the streaming company popped...
these two stocks are a ‘fundamental part of the economy’
Invest in companies that are a “fundamental part of the economy” ahead of a recession that many believe is now a matter of “when” and not “if”, says Heather Brilliant. She’s the President and CEO of D...
Data on US economy disprove recession
New data seem to disprove the recession in the US that has been given almost for certain by all analysts, but there are some clarifying remarks to be made. Bernstein: recession in the US is a long way...