WUHAN, CHINA – FEBRUARY 10: A man wears a protective mask on February 10, 2020 in Wuhan, China. … [+] Flights, trains and public transport including buses, subway and ferry services have b...
Tag: Economy
Europe’s economy will go ‘through a horrific situation’, former U.S. senator says
The future of Europe is being defined now, with debates around the war in Ukraine swirling around in European political circles. Additionally, it seems that decarbonization efforts and putting economi...
Spirit Airlines, BioNTech, Robinhood and more
Check out the companies making headlines before the bell: Spirit Airlines (SAVE) – Spirit Airlines lost 4.7% in the premarket after saying it would accept the latest improved takeover bid from Frontie...
RBC top analyst sees comeback
Investors who are “apathetic” or negative toward banks will change their stance in the year’s second half, according to RBC Capital Markets’ top banking analyst. Gerard Cassidy...
VC Eric Li says these firms will define China’s new economy — Quartz
China’s tech crack down has made clear that Beijing wants to shift its economy away from consumer internet firms. But if these big tech firms have fallen out of official favor, what kinds of high-tech...
Retail Pricing Strategies in Flux as Economy Wilts
Retail Pricing Strategies in Flux as Economy Wilts getty Success in traditional retailing hinges on the ability to anticipate and shape trends, forecast demand, and efficiently price goods. In the pas...
Consumer sentiment survey followed by the Fed shows inflation expectations ease slightly
A shopper inside a women’s clothing store in the East Village neighborhood of Des Moines, Iowa, on Saturday, Feb. 5, 2022. Kathryn Gamble | Bloomberg | Getty Images A widely followed consumer se...
CarMax, FedEx, Seagen and more
Check out the companies making headlines before the bell: CarMax (KMX) – The automobile retailer beat estimates by 7 cents with quarterly earnings of $1.56 per share, and revenue that also beat analys...
Stock Market Climbs As Economic Data Shows Slowing Economy, Cooling Prices; Powell Set To Speak Again
The stock market rose in early trading, with all eyes on Fed Chairman Jerome Powell’s second day of testimony in Congress. X The Nasdaq composite, S&P 500 and Dow Jones Industrial Average al...
Google Ventures & The Virgin Group Are Investing In Sesame, A “Superstore” For Healthcare
Healthcare is at a tipping point. Amidst a myriad of regulations, pharmaceutical pricing policies, insurance premiums and co-payments, and varying care models, navigating affordable healthcare is a si...
Global markets, economy are collapsing – but it’s not all disaster
The Federal Reserve’s main mission is to ensure full employment and price stability. In the shadow of unprecedented inflation, Federal Reserve Chair Jerome Powell has a grim choice to make: let the ec...
Watch Jerome Powell testify to Congress on the economy and how the Fed plans to fight inflation
[This stream is set to start at 9:30 a.m. ET.] Federal Reserve Chair Jerome Powell on Thursday concluded two days of testimony in front of Congress, speaking in front of House members. In remarks for ...
Experts say the crypto downturn shouldn’t affect the U.S economy
? Want to work with us? CryptoSlate is hiring for a handful of positions! The crypto market has experienced a massive sell-off, plunging its total market valuation and wiping billions of dollars. This...
Accenture, Darden Restaurants, FactSet and more
Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm’s shares fell 3.3% in the premarket after its quarterly revenue beat forecasts but earnings were i...
‘Deranged Sociopaths’ and Higher Unemployment Can Fix US Economy
The former Secretary of the U.S. Treasury, Larry Summers, said that jobless rates must rise to curb inflation and fix the economy, provoking a robust pushback from the crypto community. The author Sa...
The U.S. housing market is teetering on recession. Will the economy soon follow?
The last time the housing market suffered a major meltdown in 2006, it took the entire U.S. economy with it. But history never follows the exact same script twice. The weakening housing market is undo...
Here’s what China’s Alibaba and Kuaishou say about the economy
Across five major e-commerce platforms’ GMV, Alibaba’s market share fell by 6% in the first quarter versus the fourth, according to Bernstein analysis. Str | Afp | Getty Images BEIJING — A...
Powell says U.S. economy can handle the additional rate hikes that are coming
Federal Reserve Chairman Jerome Powell on Wednesday pushed back against economists who argue that aggressive Fed interest-rate hikes have increased the odds of a recession or hard landing for the U.S....
Daimler Trucks says it’s facing enormous supply chain pressure
Supply chain disruptions are still rippling across the globe, and the head of the world’s largest truck maker has warned that parts shortages are slowing the production of thousands of its vehic...
S&P 500 rebounds into the green as market attempts comeback from depths of the bear market
The S&P 500 rose Wednesday, continuing gains from the previous session as stocks attempted a comeback from the lows of the bear market. The broader market index rose 0.5%, while the Dow Jones Indu...
Powell tells Congress the Fed is ‘strongly committed’ to bringing down inflation
Federal Reserve Chairman Jerome Powell told congressional lawmakers Wednesday that the central bank is determined to bring down inflation and has the ability to make that happen. “At the Fed, we...
Watch Powell’s testimony to Congress on the Fed’s inflation fight, state of the economy
[The stream is set to start at 9:30 a.m. ET] Federal Reserve Chair Jerome Powell on Wednesday began two days of testimony in front of Congress. The central bank chief is expected to provide updates on...
Winnebago, La-Z-Boy, Revlon and others
Check out the companies making headlines before the bell: Winnebago (WGO) – The recreational vehicle maker saw its stock jump 3.4% after it beat top and bottom-line estimates for its latest quarter. W...
What does the rise of the digital yuan mean for the economy of Russia?
The digital yuan is China’s new digital currency. It’s similar to other digital currencies, but the Chinese government backs it. It makes it different from Bitcoin and other cryptocurrencies, which an...
Rail walk-out kicks off in UK amid fears of a summer of pay strikes
Forty thousand U.K. Network Rail staff and workers at 13 train operators have staged walkouts over pay in Britain’s biggest rail strike in 30 years. Jeff J Mitchell | Getty Images News | Getty I...
Kellogg, Lennar, Spirit Airlines and others
Check out the companies making headlines before the bell: Kellogg (K) – Kellogg jumped 8.1% in premarket trading after announcing plans to split into three separate public companies. One entity will c...
Inflation the biggest poison for the world economy
Christian Sewing, Chief Executive Officer of Deutsche Bank, attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2020. Denis Balibouse | Reuters E...