A help wanted sign is displayed in the window of a Brooklyn, New York business. Spencer Platt | Getty Images Cracks are forming in the U.S. labor market as some companies look to curb hiring while oth...
Tag: Economy
How is China’s plan to drop free Digital Yuan effective to boost lockdown affected economy?
Digital currencies could turn out to be crucial for economic boost that China’s planning to utilize to do the same China is on its way to give a boost to its economic condition and financial activitie...
China Will Airdrop Digital Yuan to Boost Locked Down Economy
China’s Shenzhen district will distribute 30 million digital yuan via red envelopes through a lottery program in a bid to boost the local economy affected by lockdowns. Shenzhen Municipal Bureau of Co...
Belarus boosts economy restrictings by confiscating millions of dollars in crypto
Dmitry Gora, the director of Belarus’ investigative committee, told the country’s top officials that they are having a problem with how to seize cryptocurrencies. The digital assets were first used in...
‘Remember, the equity market is not the economy’
Between historic levels of inflation and this year’s worsening stock market rout, all signs seem to be pointing to worse times ahead for the U.S. economy. Bank of America Research, however, offers a w...
“Solid Growth Prospects Alongside A Very Robust Labor Market” DB Says
LONDON, ENGLAND – SEPTEMBER 05: A general view of Deutsche Bank on September 5, 2011 in London, … [+] England. Shares at Deutsche Bank fell by nearly 9 per cent today after news emerged th...
3 Reasons Elizabeth Warren’s Price Gouging War Doesn’t Make Sense
LVIV, UKRAINE – 2021/03/04: Fuel pump nozzle seen at a gas station. (Photo by Mykola Tys/SOPA … [+] Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Some of ou...
DeFi Platform Marhaba Looks to Tap $3 Trillion Islamic Economy With Halal-Certified NFTs
Marhaba DeFi Network (MRHB), a Muslim-focused “ethical” decentralized finance platform, has introduced what it is calling the “world’s first” certification for non-fungible tokens (NFTs) that are comp...
Operation HOPE Gathered Leading Regulators And Prominent Digital Asset Companies To Show How To Thrive In The Present Digital Economy
Advertisement     The Summit urged organizations to sign the Investors’ Bill of Rights; First cryptocurrency financial literacy course launched. (ATLANTA, May 26, 2022...
Ulta Beauty, Big Lots, Autodesk, Workday and more
Ulta Beauty store. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Friday. Ulta Beauty — The beauty retailer surged 10% following better-than-expected quarterly earnings a...
U.S. Economy Shrank 1.5% Last Quarter In Worst Showing Since Covid Recession, New GDP Estimate Shows
Topline The economy last quarter posted its worst annualized showing since the pandemic-induced recession in 2020, the government said in an updated release Thursday, blaming an unexpected decline in ...
Big Lots, Hibbett, Pinduoduo and others
Check out the companies making headlines before the bell: Big Lots (BIG) – The discount retailer’s shares tumbled 21.2% in the premarket after missing Wall Street forecasts for quarterly earning...
Economy to Grow 3% on Borrowing of $1.6 Trillion a Year Says CBO – Trustnodes
The United States economy is to grow by 3.1% quarter over quarter and 3.8% over last year in real terms. That’s the projection of the Congressional Budget Office (CBO) for 2022, but the picture looks ...
Twitter, Macy’s, Nvidia, Lululemon and more
A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis News | Getty Images Check ...
Macy’s, Twitter, Medtronic and more
Check out the companies making headlines before the bell: Macy’s (M) – Macy’s surged 15% in the premarket after reporting better-than-expected profit and revenue for the first quarter and ...
Rival fintechs Revolut and Wise are still recruiting
Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images Not all fintech unicorns are cutting jobs. After Klarna announced plans to lay off 10% of its w...
Fed minutes: May 2022 – Monetary policy may move into restrictive territory
Federal Reserve officials earlier this month stressed the need to raise interest rates quickly and possibly more than markets anticipate to tackle a burgeoning inflation problem, minutes from their me...
‘Big Short’ Michael Burry Awakens Ghosts of the 2008 Financial Crisis
Are we about to relive the financial crash of 2008? The question is begining to cross people’s minds since a cryptic tweet on May 24 from iconic investor Michael Burry, known to be one of the f...
Thailand Readies Itself For Digital Economy, Removes Crypto Transfers From VAT Till End Of 2023
the Royal Thailand Government Gazette has legally established a VAT exemption for crypto transfers lasting until the end of 2023. In March, the cabinet granted an exemption from the value added tax (V...
How Recessions Impact Investors
Getty Images Key takeaways Despite the hype, stock market declines make poor indicators of potential recessions Understanding how stocks, the economy and the business cycle interact can help broaden y...
Dick’s Sporting, Express, Wendy’s and more
Check out the companies making headlines before the bell: Dick’s Sporting Goods (DKS) – The sporting goods retailer’s shares slid 14.4% in the premarket after it issued a weaker-than-expec...
Stocks Will Sink Further, Economist Rosenberg Says
Stocks are slumping, with the S&P 500 down 18% year to date. And prominent Wall Street economist David Rosenberg says the carnage isn’t over. “We always believed these past two years represented a...
Stock futures rise following Tuesday’s losses in the Nasdaq
Traders on the floor of the NYSE, May 17, 2022. Source: NYSE U.S. stock futures rose on Tuesday night after the Nasdaq Composite dropped during the regular session, following a warning of slowing grow...
Recession won’t strike stocks despite ugly market
While retail investors head for the exits as stock prices sharply fluctuate, Evercore ISI’s Julian Emanuel wants to put money to work. He calls the market environment very ugly, but he believes ...
Nordstrom, Urban Outfitters and Intuit
A Nordstrom store in Irvine, California. Scott Mlyn | CNBC Check out the companies making headlines after hours. Nordstrom — Shares jumped 7% after the retailer surpassed earnings expectations and rai...
What retail woes signal about the market’s fight against inflation
Jay Laprete | Bloomberg | Getty Images Retailers are missing and missing big. It started last week with the Walmart and Target results which showed big inventory builds and the need for markdowns, and...
Inflation may be a lot lower than anyone thinks — even the Fed
U.S. inflation in April plunged to an annualized rate of 4.1% — less than half of where it stood in the prior month. This will no doubt come as a surprise for those of you who focus only on the financ...