(Bloomberg) — The fastest inflation in decades and the resulting rush by central banks to raise interest rates are stoking recession fears in financial markets — worries that are being com...
Tag: Economy
Reliance, India’s Largest Company, May Potentially Buy Walgreens’ British Drugstore Business
Reliance Industries is one of the world’s largest multinational conglomerates and is India’s largest private sector company. The industry giant has robust business units that span across multiple vert...
“Inflationomics” Is Driving Consumers To Store Brands
Inflationomics getty Last year’s “temporary” spike in inflation is well on its way to becoming this year’s new normal. That’s bad news for the economy as a whole, but good news for the burgeoning priv...
Crypto bosses say the ‘tide is turning’ on regulation
Changpeng Zhao, founder and CEO of Binance, speaks at the Blockchain Week Summit in Paris, France, on April 13, 2022. Benjamin Girette | Bloomberg | Getty Images PARIS — The crypto world may have turn...
Cramer’s Mad Money Recap 4/14: Bank of America, Netflix, Tesla
There’s still a bull market going on underneath all of this nonsense, Jim Cramer told his Mad Money viewers Thursday. The great pivot out of momentum stocks and into growth at a reasonable price...
JPMorgan CEO warns of ‘powerful forces’ threatening U.S. economy into a recession
Jamie Dimon is changing his tune on the chances of a recession hitting, as even America’s biggest banks seem powerless to stop the forces at play. One year ago, almost to the day, the JPMorgan Chase C...
Recession is `the most likely’ outcome for U.S. economy, says Larry Summers
Former Treasury Secretary Larry Summers, whose out-of-consensus views about the risks of persistent inflation have come true, is reiterating his concerns about a potential U.S. downturn: He now says a...
Amazon CEO Says One Sector of Crypto Economy Will Grow Significantly – Is the Retail Giant Preparing To Accept Bitcoin?
A top executive at online retail giant Amazon says that he believes one nascent sector of the crypto industry will continue to see extensive growth. In a new interview with CNBC Squawk Box, Amazon CEO...
Stocks making the biggest moves midday: Twitter, Tesla and more
Twitter Kacper Pempel | Reuters Check out the companies making headlines in midday trading. Twitter — Twitter shares ticked 1.4% higher after surging earlier on news that Elon Musk offered $54.20 a sh...
JPMorgan CEO Jamie Dimon Opines that ‘Powerful Forces’ Put US Economy at Risk of Recession
According to Jamie Dimon, the US economy is at risk of recession following the Fed’s recent hawkish stance along with the war in Eastern Europe. JPMorgan CEO Jamie Dimon believes that “powerful forces...
Retail sales rose 0.5% in March amid inflation jump; import prices hit 11-year high
Customers pushing shopping carts shop at a supermarket on April 12, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images Consumers continued to spend in March even as...
Twitter, Goldman Sachs, UnitedHealth and others
Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter surged 8.2% in premarket trading after Tesla (TSLA) CEO Elon Musk – currently Twitter’s largest shareholder – o...
Lamborghini customers waiting more than 12 months for a car, CEO says
The wait time for a new Lamborghini SUV or super-car is now over 12 months, as demand from wealthy car lovers shows little sign of slowing, the automaker’s chief executive told CNBC on Wednesday...
How Wallex Will Onboard People And Institutions To The Digital Economy
The crypto industry and digital asset adoption are in their early days. Despite the many products, services, and their potential to improve people’s experience with payments and finances, it must over...
Fed’s Waller sees likelihood of multiple half-point interest rate hikes ahead
Getting inflation under control will require raising interest rates at a faster pace than normal even though the pace of price increases probably has peaked, Federal Reserve Governor Christopher Walle...
JPMorgan CEO Jamie Dimon sees ‘storm clouds’ ahead for U.S. economy
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., listens during a Business Roundtable CEO Innovation Summit discussion in Washington, D.C., Dec. 6, 2018. Andrew Harrer | ...
JPMorgan, Delta Air Lines, PayPal
The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York. Tim Clayton – Corbis | Corbis Sport | Getty Images Check out the companies mak...
Maker Registers Entry to Maple to Scale DAI’s Economy
The Ethereum-based lending platform Maple has signed a partnership with MakerDAO to scale the new DAI coins. Maker believes it can find a long-term solution for scalability in Maple through collateral...
Delta, JPMorgan, BlackRock and more
Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta rallied 6.6% in the premarket after reporting a smaller-than-expected quarterly loss and predicting a current-qu...
Cramer’s Mad Money Recap 4/12: Devon Energy, Robinhood, Twilio
Hope is not an investing strategy, even when it’s all you have, Jim Cramer reminded his Mad Money viewers Tuesday, after the latest Consumer Price Index reading roiled the markets into another d...
Stock futures inch higher following highest inflation data in decades
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, April 4, 2022. Brendan McDermid | Reuters Stocks futures inched higher in overnight trading as investors weighed the late...
Chipotle, PG&E, Marathon Oil and CarMax
A person wearing a protective mask enters a Chipotle restaurant in San Francisco, California, U.S., on Monday, April 19, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies maki...
Consumer prices rose 8.5% in March, slightly hotter than expected and the highest since 1981
Prices that consumers pay on everyday items surged in March to their highest levels since the early days of the Reagan administration, according to Labor Department data released Tuesday. The consumer...
Upland economy going from strength to strength
Upland is the property trading game where players buy and sell property and other NFTs. Since 2019, the Upland entrepreneur economy has been going from strength to strength boasting impressive statist...
Mastercard Announces Presence In The Digital Economy With Trademark NFT Filings
Mastercard has signaled its plans to become a major player in the digital economy by filing for 15 NFTs and metaverse-related trademarks. The payment services giant recently submitted the trademark ap...
The 4th Edition of Blockchain Economy Summit Will Be Held in Istanbul
After 2 years of the Covid-19 pandemic, Blockchain Economy Summit is again back in Istanbul on July 27–28, 2022, at one of Istanbul’s most prominent and renowned venues: Hilton Istanbul Bomonti Hotel....