Bed, Bath and Beyond, meme getty It’s become known as a “meme” stock but you can call it whatever you want as long as you recognize the type of madness behind the trading of Bed, Bath and Beyond (NASD...
Tag: Economy
Narendra Modi’s key ally threatening India’s economy
Prime Minister Narendra Modi and Indian tycoon Gautam Adani have sparked widespread protests in India – DIBYANGSHU SARKAR/AFP via Getty Images After sweeping to victory in the 2014 general elect...
Politicians and investors weigh in on global economy
Arguably, the world’s most important economic event — the World Economic Forum 2023 Davos conference — took place from Jan. 16 – 20 this year. The main focus of almost every conversation was on the gl...
The latest jobs report was red-hot, but ominous LinkedIn data tells a different story about the economy
Despite layoffs and hiring freezes at Big Tech firms including Amazon and Meta, the labor market has proved to be incredibly resilient. The U.S. economy added 517,000 jobs last month, topping economis...
Taylor Swift says fans will reduce high egg prices. 3 things to know
Taylor Swift attends the 65th Grammy Awards on Feb. 5, 2023 in Los Angeles. Jeff Kravitz | Filmmagic, Inc | Getty Images This is an excerpt from the Personal Finance team’s weekly Twitter Space,...
Stocks moving big midday: LYFT, SPOT, EXPE, YELP
Ramin Talaie | Corbis News | Getty Images Check out the companies making headlines in midday trading. Lyft — The ridesharing stock cratered 36% after issuing disappointing guidance for its first quart...
Air Force’s aging AWACS stirs questions of airborne-battle readiness
As the recent Chinese spy balloon encounter showed, keeping the skies safe is a tough job. For decades the U.S. Air Force has relied on the E-3 Sentry, and the most recent version, the E-3G, has been ...
Lyft, Expedia, Yelp and more
The Lyft Driver Hub is seen in Los Angeles, California. Lucy Nicholson | Reuters Check out the companies making the biggest moves in premarket trading: Lyft — The ride-sharing company cratered 31.5% a...
Chinese travelers want luxury travel and hotels, survey shows
Consumers in China plan to pay up when it comes to hotels, a Morgan Stanley survey found in late January. The research points to growing demand for high-end and luxury hotels in China now that the cou...
Stocks moving big after hours: LYFT, EXPE, PYPL, YELP
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and ...
Small businesses fight credit card swipe fees
Sol Dias Ice Cream, in the Dallas metro area, draws in customers with its award-winning mango sorbet and flavors with a Mexican twist like “tequila” and “queso.” The unique fla...
Janet Yellen Warns of “Extraordinary Measures” to Save Economy. What Does This Mean for BTC?
Bitcoin, Ethereum, and several other forms of crypto have been enjoying something of a rally over the past few weeks. These assets, along with many others, have enjoyed easing market conditions that h...
Tapestry, Credit Suisse, Disney and more
CNBC: Coach Store Harry Reid International Airport A Coach store inside Harry Reid International Airport. Check out the companies making the biggest moves in premarket trading: Tapestry — The company...
Turkey earthquake comes at a critical time for the country’s future
Civilians look for survivors under the rubble of collapsed buildings in Kahramanmaras, close to the quake’s epicentre, the day after a 7.8-magnitude earthquake struck the country’s southea...
Credit Suisse posts massive annual loss as ‘radical’ restructure gets underway
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit Suisse’s restructuring plans include the sale of part of th...
The most influential figure in America’s economy earns just $190,000 a year—and he says that’s fair
Perhaps no single individual has more sway over the global economy than Jay Powell. Investors the world over hang on the Federal Reserve chair’s every word and his speeches are parsed for the slightes...
Fed Governor Christopher Waller warns that interest rates could go higher than expectations
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...
CVS, FTNT, LUMN and GOOGL
Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in midday trading Wednesday: Lumen Technologies — Shares fell 22.5% after the cloud network data company reported ...
Uber, Chipotle, Microsoft and more
Check out the companies making headlines in premarket trading. Uber said it is “currently responding to a cybersecurity incident” after reports that a hacker compromised its systems. Rafae...
Blockchain Economy Summit 2023 to Be Held in London This February
After four years of its successful events chain despite the bear market, the Blockchain Economy Summit’s 6th edition is scheduled for February 27-28, to be held in London, UK. This Major crypto event ...
Stocks moving big after hours: CMG, ENPH, FTNT
A Chipotle restaurant in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Check out the companies making headlines after hours. Chipotle Mexican Grill — Shares fell more than 4% in extend...
Wholesale egg prices have ‘collapsed’ from record highs in December
Egg shelves in New York on Jan. 21, 2023 with a note apologizing to customers for the price increase. Fatih Aktas/Anadolu Agency via Getty Images Wholesale egg prices have cratered in recent weeks fro...
Fed Chief Powell says the disinflationary process has begun, but has a long way to go
Federal Reserve Chairman Jerome Powell said Tuesday that inflation is beginning to ease, though he expects it to be a long process and cautioned that interest rates could rise more than markets expect...
Stocks making the biggest moves midday: CHGG, HTZ and OSH
Check out the companies making headlines in midday trading Tuesday. Pinterest — Pinterest shares tumbled 5% after the image discovery company posted mixed quarterly results. While its adjusted earning...
Watch Federal Reserve Chair Jerome Powell discuss inflation, interest rates and the economy
[The stream is slated to start at 12:40 a.m.ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Tuesday afternoon in a question-an...
‘Edge of a swamp’: JPMorgan strategist sees ‘one time only sale’ in fixed income as U.S. economy slows
Fixed-income yields “all look good,” and you might want to get some while you still can, according to JPMorgan Chase & Co.’s David Kelly. It’s a “one time only sale,” said Kelly, chief global stra...
Five Powerhouse Climate Policies Can Rapidly Slash Emissions And Strengthen The Economy In Any State
Minnesota just passed a 100% clean electricity bill with one of the country’s fastest timelines to make the switch—by 2040. With its rich wind resources, a surprising amount of solar, and a strong cle...
Fed’s Neel Kashkari says central bank has not made enough progress, keeping his rate outlook
Minneapolis Federal Reserve President Neel Kashkari said Tuesday that explosive jobs growth in January is evidence that the central bank has more work to do when it comes to taming inflation. That mea...
Chegg, Baidu, Bed Bath & Beyond, Hertz and more
A screen displays the Hertz logo during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York, November 9, 2021. Brendan McDermid | Reuters Check out the companies making hea...
Jim Cramer says the economy is headed for a soft landing
CNBC’s Jim Cramer on Monday told investors that he thinks the Federal Reserve will steer the economy to a soft landing. “The only outcome is a soft landing for the economy, which means it&...