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Tag: Economy
Long-time bull Cathie Wood warns investors about the ‘big problem’ in the economy. Here’s what she likes today
The official GDP estimate for Q2 won’t be available until later next month, but many experts – including Ark Invest’s Cathie Wood – are calling for a recession. “We think we are in a recession,” Wood ...
The Country May Be Close To A Recession, But These States Are Still Growing
WASHINGTON, DC – FEBRUARY 22: U.S. President Joe Biden participates in a virtual meeting about … [+] mineral supply chains and clean energy manufacturing in the South Court Auditorium of t...
FTX closes in on a deal to buy embattled crypto lender BlockFi for $25 million in a fire sale
Sam Bankman-Fried, chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, Dec. 8, 2021....
RH, Carnival, Universal Health Services and more
Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH Check out the companies making headlines in midday trading Thursday. RH — Shares of RH fell 1...
Walgreens, Constellation Brands, RH and others
Check out the companies making headlines before the bell: Walgreens (WBA) – The drug store operator earned an adjusted 96 cents per share for its latest quarter, 4 cents above estimates, with revenue ...
MachineFi Lab to Unlock Trillion-dollar Economy for Smart Device Users
According to a report quoting Ericsson, 6.64 billion people have smartphones. That is nearly 84% of the global population. The same report estimates that by 2025, 7.3 billion people will have smartpho...
How The SEC Could Harm Faltering U.S. Economy
SEC Chairman Gary Gensler has big ambitions, which is why he’s pushing to enact a 500-page rule for public companies to track and disclose gas emissions not only for themselves but also for most of th...
Health Inequities May Cost The U.S. One Trillion Dollars
Health inequity is expensive. A new report by Deloitte elucidates the details: “…health inequities account for approximately $320 billion in annual health care spending signaling an unsustainable cris...
Economy still not ready for big rate hikes ahead, Wells Fargo CEO says
Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo CEO Charles Scharf said he is betting on “more significant rate hikes” as the Federal Reserve tries to rein in high inflati...
Stock futures are flat as S&P 500 tracks for worst first half of the year since 1970
U.S. stock index futures were flat during overnight trading Wednesday, as the S&P 500 prepares to wrap its worst first half in decades. Futures contracts tied to the Dow Jones Industrial Average a...
Economy Powering Company Peaq Empowers Itself With The 6 Million Dollar Funding
The corporation of peaq has raised pretty reasonable funding for their network, 6 million USD. The company spreads the message that the machines providing goods and services to people can benefit each...
Bed Bath & Beyond, Carnival, Upstart and more
A security guard stands next to a Bed Bath & Beyond sign at the entrance to a New York City store location. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Bed Bath &...
Powell vows to prevent inflation from taking long-run hold in the U.S.
U.S. Federal Reserve Board Chair Jerome Powell testifies before a House Financial Services Committee hearing in Washington, U.S., June 23, 2022. Mary F. Calvert | Reuters Federal Reserve Chairman Jer...
Consumer Confidence Is Crumbling Despite Economic Expansion
Getty Images Key takeaways The Consumer Confidence Index fell 4.5 points between May and June to its lowest point since February 2021 (98.7) Despite low consumer confidence, the economy continues to e...
Watch Fed Chair Powell talk live about the economy, interest rates at ECB forum
[The stream is slated to start at 9 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Wednesday to a European Central Bank ...
General Mills, Carnival, Bed Bath & Beyond and more
Check out the companies making headlines before the bell: General Mills (GIS) – General Mills reported adjusted quarterly earnings of $1.12 per share, 11 cents above estimates, with revenue that also ...
U.S. Economy Shrank Worse-Than-Expected 1.6% Last Quarter As Recession Fears Grow
Topline The economy last quarter posted its worst annualized showing since the pandemic-induced recession in 2020, the government said in an updated release Wednesday, blaming an unexpected decline in...
Stock futures are flat after failed attempt at a rally
Stock futures were flat in overnight trading Tuesday after the major averages made a failed attempt at a bounce. Futures tied to the Dow Jones Industrial Average edge 0.13% or 39 points, while the S&a...
China’s economy didn’t bounce back in the second quarter, survey finds
China’s exports surged by 16.9% in May from a year ago, two times faster than analysts expected. Pictured here on June 15, 2022, are workers in Jiangsu province making stuffed toy bears for expo...
Gas Price-Sparked Interest In EVs Is No Passing Fad, Cox Economists Predict
NEW YORK, NEW YORK – JUNE 01: Gas prices are displayed at a Manhattan station on June 01, 2022 in … [+] New York City. Cox Auto predicts higher electric vehicle sales even after the gas pr...
Nike, Boston Beer, Disney and more
Disney store is seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines in midday trading. Nike — Shares of Nike fell more than 5% even after the company top...
Cathie Wood Claims Economy Already In A Recession—Warns Inflation And Inventories Pose ‘Big Problem’
Topline High-profile stock picker Cathie Wood conceded to being wrong about the duration of high inflation that’s contributed to her fund’s steep decline this year while doubling down on h...
UK unlikely to return to mandatory Covid-19 restrictions as cases rise
More than 1.7 million Brits — or around 1 in 35 people — tested positive for Covid in the week to June 18, the latest data from the U.K.’s Office for National Statistics showed Friday. Adrian De...
New York Fed President John Williams says a U.S. recession is not his base case
New York Federal Reserve President John Williams said Tuesday he expects the U.S. economy to avoid recession even as he sees the need for significantly higher interest rates to control inflation. R...
Forget Klarna? Investors bet new startups will in ‘buy now, pay later’
Klarna is in talks to raise funds at a sharp discount to its last valuation, according to a report from the Wall Street Journal. A spokesperson for the firm said it doesn’t comment on “spe...
Mr. Big Short: Fed May do a 180 on Interest Rates
The Federal Reserve has raised its federal funds rate target by 150 basis points since March, and speculation now centers on how much further the Fed will go. Interest-rate futures traders see an 89% ...
Avoidable or inevitable recession? Billionaire David Rubenstein’s view
Much of the U.S. market focus has been on the Federal Reserve’s more aggressive interest rate hikes as a reason to fear a recession. But Carlyle Group co-founder and co-chairman David Rubenstein...
ViaBTC Capital | Reasons Behind Solana’s Frequent Downtime: Design Flaws in the Gas Economy
What is the gas fee? In the blockchain world, the gas fee is a fee that users have to pay to the blockchain network for each transaction. For example, when a user makes a transfer on Ethereum, miners ...
Coinbase, Spirit Airlines, Robinhood and more
Check out the companies making headlines in midday trading. Spirit Airlines — The budget airline’s shares fell more than 7% amid news that advisory firm Institutional Shareholder Services told S...
S&P 500 is little changed as stocks struggle to maintain their comeback from bear market lows
U.S. stocks wavered over the flat line Monday following a major rebound last week from this year’s steep declines. Wall Street is preparing to wrap up the worst first half for stocks in decades....