The Russian invasion of Ukraine is unleashing a new era of military spending across Europe. Member countries of the North Atlantic Treaty Organization, such as Germany, have done an about-face on its ...
Tag: Economy
Long-term unemployment tumbles in March as job market stays hot
A job seeker receives information from a recruiter during a job fair in Miami on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images The ranks of the long-term unemployed fell again in March...
GameStop, Apple, BlackBerry and more
Check out the companies making headlines before the bell: GameStop (GME) – GameStop plans to seek shareholder approval to boost the number of shares outstanding in order to enable a stock split. The v...
Trend Shows we Want an Ownership Economy
NFT profile pictures: NFT investors have subscribed to the mindset that NFTs can be exchanged for social currency, says Leo Chen, VP of Engineering at Harmony Protocol. Since gaining mainstream popula...
Is the yuan a buy or sell as China economy slows?
The USD/CNY price tilted upwards for the fifth straight day as concerns about the Chinese economy escalated. The pair rose to a high of 6.35, which was substantially higher than the year-to-date low o...
China is first major global economy that introduces its cryptocurrency
China is one of the first major nations to introduce its cryptocurrency. Although the nation is not bullish on assets like Bitcoin and Ethereum, it embraces blockchain technology and launches its cent...
Inflation hasn’t dented summer travel demand yet
A sharp uptick in inflation has so far not caused a slowdown in demand for travel in the spring and summer months, Booking Holdings CEO Glenn Fogel told CNBC on Thursday. “Not yet. Not yet,̶...
Stock futures bounce as investors assess start of new quarter, bond market recession indicator
U.S. President Joe Biden announces the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, as part of administration efforts to lower gasolin...
The Great Resignation is still in full swing. Here’s what to know
A Now Hiring sign is displayed at a restaurant in Arlington, Virginia, on March 16, 2022. Stefani Reynolds | Afp | Getty Images The pandemic-era trend known as the “Great Resignation” rema...
Globalization isn’t over, just don’t invest in countries run by despots
Kyle BassThe Russia’s unprovoked war against Ukraine is not a death knell for globalization but should be a wake-up call about the risks of investing in countries that aren’t democracies, ...
Why ‘free’ shipping isn’t free
The big carriers such as FedEx, UPS and Amazon make lots of deliveries, and none of those packages are being shipped for “free.” “People like free shipping because the word free is v...
Walgreens, Baidu, Novavax and others
Check out the companies making headlines before the bell: Walgreens (WBA) – The drug store operator reported an adjusted quarterly profit of $1.59 per share, 19 cents above estimates, with revenue als...
Cramer’s Mad Money Recap 3/30: Micron, Devon Energy, Tesla
At this point in the business cycle, every company wants to be seen as a secular growth stock, Jim Cramer told his Mad Money viewers Wednesday. That’s because with interest rates on the rise, no...
Web3 Companies Will Turn Canada Into Digital Economy Leader
A group of companies has created the Canadian Web3 Council, a non-profit organization. Aimed at making Canada a “leader” in the digital economy, including blockchain and cryptocurrencies. This organiz...
Why Russia’s invasion of Ukraine could spark a NATO defense spending spree
The Russian invasion of Ukraine is unleashing a new era of military spending across Europe. Member countries of the North Atlantic Treaty Organization, such as Germany, have done an about-face on mili...
Robinhood, Chewy, RH, Lululemon 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...
UK’s FCA extends deadline for crypto firms to make it onto register
A logo for the Financial Conduct Authority (FCA). Chris Ratcliffe | Bloomberg | Getty Images The U.K.’s Financial Conduct Authority said Wednesday it is giving some crypto companies more time to...
Ukraine War Sends Inflation Soaring Across Europe
Flags of the European Union flutter in front of the headquarters of the European Central Bank (ECB) … [+] in Frankfurt am Main, western Germany, on March 12, 2020. – The ECB’s govern...
Cramer’s Mad Money Recap 3/29: Adobe, Yeti, FedEx, Disney
At the peak of the doom and gloom is when you need to be thinking about what could go right, Jim Cramer told his Mad Money viewers Tuesday. In this market, that time was just over a week ago, when the...
BioNTech, Five Below, Lululemon and others
Check out the companies making headlines before the bell: BioNTech (BNTX) – The drug maker’s shares jumped 5.9% in the premarket after reporting significantly better-than-expected revenue and pr...
Turkey welcomes Russian oligarch money — but it’s risky for its economy
Eclipse, the private luxury yacht of Russian billionaire Roman Abramovich, anchors at Cruise Port in Marmaris district of Mugla, Turkiye on March 23, 2022. Anadolu Agency | Anadolu Agency | Getty Imag...
How would the economy handle $200 oil? Here’s what one simulation found
Oil has been one of the most volatile assets since the Russian invasion of Ukraine as traders balance the impact of sanctions with both the likelihood of increased production elsewhere and the possibi...
Fed’s Patrick Harker says he thinks the U.S. can avoid a recession, even amid troubling signs
Despite on ominous indicator hanging over the economy and higher interest rates on the way, Philadelphia Federal Reserve President Patrick Harker said Tuesday that he doesn’t think the U.S. is h...
GameStop, Uber, Nielsen Holdings and more
A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Check out the companies making headlines i...
Cramer’s Mad Money Recap 3/28: Tesla, Costco, AMC Entertainment
The true enemy of the stock market isn’t inflation, it’s froth, Jim Cramer warned his Mad Money viewers Monday. That’s because froth only appears at the end of a rally, Cramer explai...
Canadian Prime Minister Candidate Promises Bitcoin And Blockchain Economy
Canadian Prime Minister Candidate Pierre Poilievre said a government led by him will be focusing to create a decentralized economy. Pierre Poilievre promises to utilize the potential of cryptocurrenci...
Which countries have the best passports? Most are in Europe
A new index ranks Luxembourg as the top passport in the world for aspiring global citizens. The small European country ranked No. 1 out of 199 places in the “Nomad Passport Index 2022” p...
Bonds Hint Recession As 50 Basis Point Fed Hike Bets Accelerate
U.S. Treasury bond yields were active again Monday, with benchmark 10-year notes breaching a key technical level that could triggered renewed bets on a near-term recession in the world’s biggest...