Federal Reserve officials discussed how they want to reduce their trillions in bond holdings at their March meeting, with a consensus amount around $95 billion, minutes released Wednesday showed. Offi...
Tag: Economy
JetBlue, Eli Lilly, Occidental Petroleum and more
A JetBlue passenger jet (Embraer 190) taxis at LaGuardia Airport in New York, New York. Robert Alexander | Archive Photos | Getty Images Check out the companies making headlines in midday trading Wedn...
Watch Treasury Secretary Janet Yellen speak live on the global financial system
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Treasury Secretary Janet Yellen testifies Wednesday before the House Financial Ser...
Teens spend on Nike and Lululemon despite concerns about U.S. economy
Athletic apparel sits on display inside a Lululemon Athletica store. Xaume Olleros | Bloomberg | Getty Images Teens are spending more and shifting their shopping habits, even as they worry about growi...
Twitter, Spirit Airlines, Tilray and more
Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter fell 1.5% in premarket trading, potentially breaking a three-day win streak that has seen it gain nearly 32%. Elon Mu...
Key people from the Fed just spooked the markets — here’s what they said
If there was any question about where the Federal Reserve stands on the key issue of the day — inflation — two important officials brought even more clarity on Tuesday. Fed Governor Lael Brainard and ...
Fed’s Mary Daly says high inflation ‘is as harmful as not having a job’
San Francisco Federal Reserve Bank chief of research Mary Daly stands near the podium before a speech at the CFA Society in San Francisco, California, U.S. July 10 2018. Ann Saphir | Reuters San Franc...
Cramer’s Mad Money Recap 4/4: Peloton, Qualcomm, Zoom, Roku
The pandemic stocks have suddenly caught fire again, but that doesn’t mean you should be buying, Jim Cramer told his Mad Money viewers Monday. Now that Covid appears to be fading into the rearvi...
Fed’s Brainard sees balance sheet reduction soon and ‘at a rapid pace’
Lael Brainard, Federal Reserve governor and President Bidens nominee to be the new vice-chair of the Federal Reserve, speaks during her nomination hearing with the Senate Banking Committee on Capitol ...
Inflation fears force Americans to rethink financial choices: Survey
Surging inflation has Americans reconsidering how they spend their money. The Consumer Price Index, which measures a wide-ranging basket of goods and services, jumped 7.9% in February from 12 months p...
Bear market rally setting stage for correction: Morgan Stanley warns
A major Wall Street firm is on correction watch. Despite the latest market bounce, Morgan Stanley’s Mike Wilson is bracing for an S&P 500 decline of at least 13% between now and September. W...
How Warehouse Robots Are Revolutionizing The On-Demand Economy
Digital retail giant Amazon has over 200,000 robots helping deliver more than 350 million different products in an unceasing flood of billions of deliveries. Its fulfillment machine with both free and...
U.S. economy will fall into a recession this summer, as inflation eats into consumer spending, former Fed official warns
Higher inflation will force consumers to limit their spending by so much that the economy will slump into a recession by the July-September quarter, former Federal Reserve Governor Lawrence Lindsey sa...
Cathie Wood Urges Caution About Fed Raising Rates
The asset manager Cathie Wood, chief executive of Ark Wealth Management, has expressed opposition to much more in the way of interest-rate increases from the Federal Reserve. Her thoughts came in a we...
UK to mint its own NFT and push forward with crypto regulation
In this photo illustration a novelty Bitcoin token is photographed on £10 notes. Matt Cardy | Getty Images LONDON — The U.K. government on Monday announced plans to mint its own non-fungible token, as...
Jamie Dimon says inflation, Ukraine war may dramatically increase risks for U.S.
Jamie Dimon, CEO of JPMorgan Chase speaks to the Economic Club of New York in New York, January 16, 2019. Carlo Allegri | Reuters Jamie Dimon, CEO and chairman of the biggest U.S. bank by assets, poin...
A $71 Billion Plunge Casts Doubt on Singapore’s New Economy Aura
(Bloomberg) — Singapore’s two largest new-economy firms have been touted as the next big thing for years. A $71 billion rout in their share prices in 2022 seems to show investors aren’t buying t...
Stock futures are flat after S&P 500 notches third straight week of gains
Traders on the floor of the NYSE, March 25, 2022. Source: NYSE U.S. stock index futures were flat during overnight trading Sunday, after the S&P 500 posted a third straight week of gains. Futures ...
The 1st Quarter’s Price Charts
close up shot of a digital stock market tracking graph follwing a recent crash in prices. Bear … [+] market 3D illustration getty It’s mostly about inflation, the kind that was thought to be tra...
Here’s where the jobs are for March 2022 — in one chart
As Covid restrictions eased, rebounds in the leisure and hospitality and business sectors helped to drive a strong March jobs report. The U.S. economy added more than 400,000 jobs in the final month o...
Payrolls rose 431,000 in March, less than expected
Amid soaring inflation and worries about a looming recession, the U.S. economy added slightly fewer jobs than expected in March as the labor market grew increasingly tighter. Nonfarm payrolls expanded...
The Fed’s preferred inflation gauge rose 5.4% in February, the highest since 1983
The Federal Reserve’s favorite inflation measure showed intensifying price pressures in February, rising to its highest annual level since 1983, the Commerce Department reported Thursday. Exclud...
Supply Chain Woes, Inflation Crimp U.S. Producers’ Growth Potential
A pulling unit or workover rig providing maintenance on an oil well in the canyon country of Utah.. … [+] (Photo by: Jon G. Fuller / VWPics/Universal Images Group via Getty Images) VW Pics/Unive...
Inside IreneDAO’s plan to help shape the web3 creator economy
Before IreneDAO went viral last year, Irene Zhao only had a few hundred followers on Instagram. Today, the influencer from Singapore has nearly half a million followers on the social platform. In this...