Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2022. Brendan Mcdermid | Reuters U.S. stock futures rose slightly Thursday night after the Dow Jones I...
Tag: Economy
JPMorgan CEO Dimon sums up U.S. economy in one paragraph — and it sounds bad
Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Christophe Morin | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon on Thursday summarized the state of the U.S. economy in one ...
Powell, Clarida cleared of wrongdoing in Fed trading controversy
Federal Reserve Board Chairman Jerome Powell speaks to reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflati...
How inflation can hurt and help consumers, according to economists
A person shops for groceries on March 10, 2022 in the Prospect Lefferts Garden neighborhood of Brooklyn. Michael M. Santiago | Getty Images News | Getty Images Inflation hit a new 40-year high in June...
JPMorgan Chase, Goldman Sachs, Conagra Brands and more
Pedestrians pass in front of a JPMorgan & Chase bank branch automated teller machine (ATM) kiosk in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Check out the companies...
Cathie Wood: Recession Is Already Here; Deflation, Too
Investor Cathie Wood, chief executive of Ark Investment Management, on July 12 reiterated her view that we’re suffering from deflation, not inflation. And she said we’ve already entered recession. The...
Fed Governor Waller says he’s open to ‘larger’ rate hike this month than in June
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday...
Fake Inflation Report Circulates, Sending Stocks Spiraling
NORTH MIAMI – FEBRUARY 20: Evelyn Bonilla shops for groceries at Lorenzo’s Supermarket as a new … [+] government report showed that consumer prices rose last month Februrary 20, 2008...
Gain 11.3% on surge in energy costs
Inflation hit hard at the wholesale level in June, as producer prices surged a near-record amount from a year ago due to a big jump in energy costs, the Bureau of Labor Statistics reported Thursday. T...
Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify
Shoppers paid sharply higher prices for a variety of goods in June as inflation kept its hold on a slowing U.S. economy, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a ...
Fed report finds higher fears of inflation and potential recession
A Federal Reserve economic survey released Wednesday pointed to elevated recession fears along with a belief that soaring inflation will last at least through the end of the year. The central bankR...
US recession looks likely, there are 3 ways the economy could get hit
Rising gas prices are piling pressure on the U.S. economy. Bloomberg | Getty Images The odds of the U.S. economy falling into recession by next year are greater than 50%, Richard Kelly, head of global...
JPMorgan, Taiwan Semiconductor, Ericsson and more
Check out the companies making headlines before the bell: JPMorgan Chase (JPM) – JPMorgan Chase was down 2.9% in premarket trading after falling 12 cents shy of estimates with a quarterly profit of $2...
Embattled crypto lender Celsius files for bankruptcy protection
Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Cel...
ECB calls for stablecoin regulations to protect wider economy
The European Central Bank (ECB) is urging the European Union to push ahead with cross-border stablecoin regulations, drawing particular attention to their increasing influence across digital assets ma...
Will Revuto’s New NFT Collection Solve the Challenges in the Subscription Economy?
Advertisement     The subscription economy has been one of the main beneficiaries of the covid 19 pandemic, with most businesses in this niche growing faster than the ...
Stock futures slip after Wednesday’s session as Wall Street awaits bank earnings
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, July 13, 2022. Brendan McDermid | Reuters Stock futures slipped Wednesday night as traders look ahead to earnings fr...
Why the Gaming Economy Should be Decentralized through NFT Technology
The gaming market has gained significant momentum within the past two years as the covid pandemic forced the world to stay indoors. According to projections by Fortune Business Insights, this industry...
As Axie Declines, Other Blockchain Games Emerge as Leaders in the GameFi Economy
In spite of what has been a difficult downturn for the cryptocurrency market, blockchain gaming is proving its longevity for the future through projects showing clear resilience and emerging as new le...
Legendary Financier Bill Gross Blames These Two Factors for Inflation
For several weeks now, consumers have been taken in by a bad surprise. When they arrive at the checkout, the bill for their groceries has risen sharply and is nothing like the cost of the same produc...
Building a data economy that’s good for society
Data monetization has been a hot topic in the tech industry for the past decade. Ocean Protocol is an open-source project that aims to return the control of data into the hands of those that create it...
Twitter, Unity Software, Delta Air Lines and more
The logo and trading symbol for Twitter is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, July 11, 2022. Brendan McDermid | Reuters Check out the companies ...
Revuto’s Revulution NFTs Promise A Radical Transformation Of The Subscription Economy
Revuto has the offer of a lifetime for fans of Netflix and Spotify – the sale of 10,000 limited edition NFTs that provide access to those services forever, for a one-time payment of just $349. The NFT...
Shanghai Aims To Achieve $446 Bln Digital Economy Through Web 3
The Shanghai Municipal People’s Government laid down its 14th five-year plan for the development of Shanghai’s digital economy. Shanghai is considered the financial capital of China. The policy paper ...
Bitcoin circles $20K pre CPI amid warning Fed risks ‘blowing up’ economy
Bitcoin (BTC) rebounded from overnight lows on July 13 as markets nervously waited for United States inflation data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Countdown to “highly el...
Delta Air Lines, Twitter, Snap and more
Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta shares slid 2.9% in the premarket after reporting a mixed quarter. The airline earned an adjusted $1.44 per shar...
How Do We Make Our Music Economy Richer? Treat Music Like Sports
In the Faroe Islands, a remote nation of 50,000 people in the north Atlantic, every village and settlement has a football pitch. The pitches are pristine, regardless of the size of settlement, whether...
Russia’s Failure To Reopen Nord Stream Pipeline Would Cripple Germany’s Economy
The critical Nord Stream 1 pipeline is closed for routine maintenance. There is concern that it may … [+] not reopen if Russia decides to escalate the Ukraine conflict. (Photo by Sean Gallup/Get...
Bank Indonesia to Evaluate CBDC Influence to Local Economy
Doni Primanto Joewono, the Bank Indonesia (BI) Governor, said cryptocurrency can facilitate financial system efficiencies and inclusion. The administration is evaluating the impact of adopting central...
The Revulution NFT Collection: How Revuto Plans to Change the Game in the Web 3.0 Economy?
The decentralized economy, popularly referred to as Web 3.0, has rapidly grown over the past decade. What started with Bitcoin as the only digital asset has now ballooned into a trillion-dollar market...
Despite Turbulent Economy, These Stocks Have Over 90% Upside Potential
Rising inflation has been the story of 2022, reaching roughly 8.5% in the latest report. To fight it, the Federal Reserve is raising interest rates and cutting back on the money supply – but that has ...