The U.S. has experienced at least 30 recessions throughout history, dating back as early as 1857. Some economists argue that they may have become an inevitable part of the financial cycle that fluctua...
Tag: Economy
Unexpected 0.3% decline, hammered by inflation
Retail sales turned negative in May as consumers pulled back spending while inflation surged, the Commerce Department reported Wednesday. Advance retail and food service spending fell 0.3% for the mon...
Fed likely to hike rates by three-quarters of a point this week
Markets are beginning to anticipate an even faster pace of interest rate hikes, and Federal Reserve officials apparently are contemplating the possibility as well. Central bank policymakers are entert...
Wholesale prices rose 10.8% in May, near a record annual pace
Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported Tuesday. The producer price index, a measure of the prices paid...
Here’s everything the Fed is expected to announce, including the biggest rate hike in 28 years
US Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, DC, on May 4, 2022. Jim Watson | AFP | Getty Images The Federal Reserve on Wednesday is expected to do somethin...
Inflation expectations hit record levels in May, New York Fed says
People shop in a supermarket as inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022. Andrew Kelly | Reuters Consumer expectations for inflation and spending in the year...
Baidu, MicroStrategy, Moderna and more
Check out the companies making headlines before the bell: Baidu (BIDU) – Baidu shares jumped 4.1% in premarket trading after Reuters reported the China-based internet search giant is in talks to sell ...
Chingari Revamps The Creator Economy With Unique Engage-To-Earn Concept
The biggest champion of cryptocurrency in social media, Chingari, is now offering an income stream to millions of creators and users of its short video sharing app. India’s TikTok clone has just annou...
Inflation and Fed sparking one way trip to market misery: Jim Bianco
Until inflation peaks and the Federal Reserve stops hiking rates, market forecaster Jim Bianco warns Wall Street is on a one way trip to misery. “The Fed only has one tool to bring in inflation ...
With GARI Mining, Chingari Delivers On Its Promise To Democratize The Creator Economy
The idea of play-to-earn video games has already caught on in a big way, and now Chingari is trying to expand the concept to the world of social media with the launch of its new “engage-to-earn” and “...
Stocks making big moves midday: FedEx, Continental Resources, Oracle
Check out the companies making headlines in midday trading. Continental Resources — Shares soared 14% after the shale company announced an all-cash buyout proposal from the family trust of billionaire...
Boeing plane deliveries total 35 in May as it grapples with supply chain problems
A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, June 29, 2020. Karen Ducey | Reuters Boeing said Tuesday it delivered 35 planes in May, on par with the prev...
U.S. airline bookings slipped again in May with fares 30% higher than 2019
Travelers walk through Terminal A at Orlando International Airport on Christmas Day, Saturday, December 25, 2021. Stephen M. Dowell | Orlando Sentinel | Getty Images U.S. airline bookings slipped 2.3%...
El Salvador’s Bitcoin Holdings Losses $40M In Value But Finance Minister Believes Recent Collapse Will Not Hurt Economy
– Advertisement – El Salvador’s Finance Minister Believes Recent Bitcoin Collapse Will Not Hurt Their Economy. On Monday, Alejandro Zelaya, El Salvador’s Minister of Finance, dispelled c...
Must-have Technologies That Can Power The Web 3.0 Economy
The Web 3.0 era is upon us with adoption increasing at a rapid rate, especially as more and more decentralized offerings continue to make their way onto the market. However, before proceeding any furt...
Fed’s inflation battle to worsen market turmoil: Canaccord’s Dwyer
Stocks may go into a deeper tailspin. Canaccord Genuity’s Tony Dwyer predicts 1980s-era interest rate hikes will exacerbate the turmoil and make a recession seem increasingly more likely. “...
Blockchain Economy Istanbul Makes Grand Impact With the Top Names
The World’s Top Blockchain Event To Have On Your Radar is approaching! After 2 years of Covid-19 pandemic, Blockchain Economy Summit is again back in Istanbul on July 27-28, 2022 in one of Istanbul’s ...
American Airlines regional carriers hike pilot pay as shortage persists
American Airlines Embraer ERJ-145 regional jet aircraft as seen on final approach landing at New York JFK international airport in NY, on February 13, 2020. Nicolas Economou | Nurphoto | Getty Images ...
Stock futures rise after the S&P 500 closes in an official bear market
U.S. stock futures rose on Monday night after the S&P 500 dropped back into bear market territory ahead of the Federal Reserve’s two-day policy meeting this week. Dow Jones Industrial Averag...
Binance pauses bitcoin withdrawals as crypto sell-off deepens
The logo of cryptocurrency exchange Binance displayed on a smartphone with the word “cancelled” on a computer screen in the background. Budrul Chukrut | SOPA Images | LightRocket via Getty...
Economy Week Ahead: Fed, Other Central Banks in Focus
The Federal Reserve’s policy meeting highlights this week’s slate of economic news. Wednesday China’s economic activity showed some signs of recovery in May, albeit at a slow pace, as Beijing, Shangha...
Bitcoin Takes A Beating At $27K As Crypto Economy Settles Just Above $1 Trillion
The global cryptocurrency market was on track for another decline on Saturday, as Bitcoin and other top cryptocurrencies took a significant blow throughout the day. The $1.19 trillion crypto industry ...
Golf trips to top British courses are selling out this year and next
Travelers planning a golfing vacation to prestigious courses in the United Kingdom may need to act fast. Some of the U.K.’s top venues are selling out, not just this year, but for spots — or tee...
Brokers look to replace payment for order flow amid SEC crackdown
The brokerage industry is exploring alternatives to payment for order flow as SEC chair Gary Gensler takes aim at the practice. One idea is coming from Apex Clearing, CNBC has learned. The clearing fi...
DocuSign, Vail Resorts, Stitch Fix and others
Check out the companies making headlines before the bell: DocuSign (DOCU) – The electronic-signature technology company’s stock plunged 26.1% in the premarket after its quarterly profit and reve...
USD/CNY forecast as China economy stages a comeback
The USD/CNY pair rose for the fourth straight day after the latest Chinese trade and consumer inflation data. It rose to a high of 6.6934, which was the highest level on June 2nd this year. It has ris...
Apple’s latest fintech move has buy now, pay later industry on edge
Apple Pay Later will let users pay for things over four equal installments. Jakub Porzycki | Nurphoto | Getty Images AMSTERDAM — Apple’s move into the crowded “buy now, pay later” sp...