Roger Ferguson Michael Nagle | Bloomberg | Getty Images Anyone who read a Fed chair coining the term “soft-ish” for an economic landing, as Jerome Powell did on Wednesday, as a bullish sig...
Tag: Economy
Shopify, Etsy, Twitter and more
Elon Musk twitter account is seen through Twitter logo in this illustration taken, April 25, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading Thursday: EPAM Syste...
Main Street is convinced that a recession will hit economy this year
Main Street and Wall Street are often at a distance when it comes to the state of the economy. The likelihood of a recession hitting in 2022 is the latest example. Both camps are bearish, but small bu...
Twitter, SeaWorld, Shopify and more
Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter rose 1.5% in premarket action after Elon Musk detailed $7.2 billion in financing commitments for his deal to buy the ...
Is Neo the one? The misconceptions of the Neo Smart Economy
The Neo blockchain has recently launched its latest update, Neo 3, which it refers to as “the most feature-complete blockchain platform. We spoke to Lili Zhao, Neo Ecosystem Growth and Global Developm...
Consumers at breaking point as Fed inflation battle heats up: Boockvar
The economy may be hitting a crucial turning point. Investor Peter Boockvar warns the Federal Reserve will not be able to meaningfully contain surging inflation, and there’s not much more consum...
Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation
WASHINGTON — The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point, the most aggressive step yet in its fight against a 40-year high in inflation. “Infla...
Federal Reserve Statement May: Here’s what changed
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on March 16. Text removed from the March state...
Uber, Lyft, Airbnb, Starbucks and more
Close-up of vertical sign with logos for ride-hailing companies Uber and Lyft. Smith Collection | Gado | Getty Images Check out the companies making headlines in midday trading. Lyft — Shares of Lyft ...
Uber, Brinker, Generac and more
Check out the companies making headlines before the bell: Uber (UBER) – Uber fell 1% in premarket trading after it reported a quarterly loss and revenue that beat estimates. Uber saw ride volumes incr...
TRST01 Partners with Blockchain Protocol Rubix to Create Green Economy
Blockchain technology company TRST01 (Trust O One) has established a cooperation with the blockchain protocol Rubix to provide a Web3 green blockchain technology platform focusing on the field of clim...
Despite interest rate hikes, Tony Dwyer predicts sharp market bounce
While Wall Street braces for a half point interest rate hike on Wednesday, Canaccord Genuity’s Tony Dwyer sees the ingredients for a sharp market bounce. However, it’s unrelated to a funda...
Stock futures inch higher ahead of Fed’s big rate decision
Stock futures inched higher in overnight trading as investors braced for the Federal Reserve’s big interest rate decision on Wednesday, where the central bank is widely expected to hike rates by...
Why people moving out of big cities are seeing the most inflation
Some of the hottest pandemic-migration destinations also happen to be home to the hottest regional inflation rates. The relationship between migration and inflation has strengthened significantly as m...
Chegg, Expedia, BP and more
James Tahaney loads textbooks on to a pallet in preparation for shipping at the Chegg warehouse in Shepherdsville, Kentucky, April 29, 2010. John Sommers II | Bloomberg | Getty Images Check out the co...
Chegg stock crashes amid ‘issues of enrollment, the economy, and now inflation’
The inflation fight has people shunning school and going all in on finding a high-paying job that could help meet ends meet, which continues to pressure educational services leader Chegg. Shares of th...
Cramer’s Mad Money Recap 5/2: Coca-Cola, American Express, Visa
When there’s no place to hide and every stock is going down at once, that doesn’t have anything to do with the companies themselves, Jim Cramer told his Mad Money viewers Monday. All inves...
CNBC survey will reveal readers’ favorites
Business people are getting out and about again. And they’re looking for places to stay. More people are traveling for business meetings and industry events now than at any time in the past two ...
Should I join a group tour alone?
Everyone told me not to travel solo during a pandemic. Especially not to learn snowboarding, a sport that not all travel insurance policies cover. It didn’t help that I wanted to visit a country...
50% of market is in a bubble, Dan Suzuki warns as Fed gets ready to meet
The market may be in the early innings of a dramatic decline. Despite Monday’s tech comeback, money manager Dan Suzuki of Richard Bernstein Advisors warns the group is in a “bubble.”...
Stock futures are lower after big market reversal to start May
Traders on the floor of the New York Stock Exchange, April 27, 2022. Source: NYSE U.S. stock futures moved lower Monday night after the major averages staged a big reversal to start the month. Dow Jon...
Chegg, Clorox, Devon Energy and more
Check out the companies making headlines after hours. Chegg — Shares tumbled nearly 30% after the textbook company reported weak full-year guidance despite exceeding earnings expectations. In its most...
Fears of a Fed mistake grow as this week’s anticipated interest rate hike looms
Jerome Powell, Chairman of the U.S. Federal Reserve, attends the National Association of Business Economicseconomic policy conference in Washington, D.C, United States on March 21, 2022. Yasin Ozturk ...
Stocks Could Plunge Another 15% After Fed-Spurred Selloff—Will The Economy Fall Into Recession?
Topline Fresh off the stock market’s worst quarter since the Covid-induced downturn two years ago, many experts still aren’t convinced a recession is in the cards this year, but some are w...
Stocks churn near lows of the year in volatile trading after Nasdaq’s worst month since 2008
U.S. stocks swung between gains and losses on Monday morning as Wall Street tried to shake off a brutal month that saw the Nasdaq Composite suffer its worst stretch since 2008. The Dow Jones Industria...
Stagflation risk rises as the Federal Reserve tightens monetary policy
The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary policy, and keep...
Can I live without it?
A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022. Calla Kessler | Bloomberg | Getty Images Sandy Magny plans to take her teenage daughter to...
Black Friday for The FAANG Who May Lose a Member
It’s a first quarter that will leave a lot of scars. While concerns were already surrounding tech as the Federal Reserve hiked interest rates to curb inflation, there was still hope that tech t...
How this U.S.-made, $176,000 anti-tank weapon could change the war in Ukraine
Ukraine’s defense against Russia is being supported by billions of dollars in military aid from NATO countries. One of the most capable and expensive weapon systems supplied is the FGM-148 Javel...
Robinhood, Amazon, Apple, Roku and more
Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021. Brendan McDer...
U.S. economy unexpectedly shrinks as recession concerns loom
On April 28, the U.S. Commerce Department estimated that the growth of the U.S. economy was the weakest since spring 2020, in essence shrinking unexpectedly. Despite the latest news, global stock ma...