Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures steady after comments from Russia’s top diplomat Traders on the floor of the NYSE...
Tag: Economy
Inflation economic shock complete as Main Street tipping point reached
Joe Raedle | Getty Images News | Getty Images The latest Consumer Price Index reading, the highest in four decades, isn’t the only sign that inflation is extending rather than giving up its hold...
Fed’s Daly advocates for a ‘measured’ approach as rate hike expectations rise
San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, July 16, 2019. Ann Saphir | Reuters The Federal Reserve should be measured i...
Inflation’s on fire, and the Fed’s poised to act. Here’s how markets and the economy have reacted to the first hike in a cycle.
After Thursday’s shocking inflation reading showing year-over-year consumer price growth of 7.5%, an interest-rate hike could come quite literally at any time, though the most likely timing would be t...
What that means for the economy
As concerns around inflation soar, American consumers’ outlook on the trajectory of the U.S. economy has deteriorated, worrying some experts that negative attitudes could dampen expenditure and put a ...
Supremacy offers a sustainable edge to play-to-earn economy
Perth, Australia, 12th February, 2022, Chainwire Supremacy, a new metaverse gaming platform which provides gamers with a more equitable slice of the metaverse pie is launching on February 22nd. Suprem...
The Fed is still likely to take a measured approach to rate hikes despite calls for bigger action
The Federal Reserve building in Washington, January 26, 2022. Joshua Roberts | Reuters Several Federal Reserve officials, both privately and publicly, are pushing back against calls by St. Louis Fed P...
Under Armour, Zillow, Expedia and others
Check out the companies making headlines before the bell: Under Armour (UAA) – The athletic apparel maker reported an adjusted quarterly profit of 14 cents per share, doubling consensus estimates, wit...
Coca-Cola, Twitter, Tapestry and others
Check out the companies making headlines before the bell: Coca-Cola (KO) – Coca-Cola shares added 1.3% in the premarket after the company beat estimates by 4 cents with adjusted quarterly earnings of ...
Biden touts wage growth, slower inflation forecasts after another surge in prices
US President Joe Biden, speaks about rebuilding manufacturing on February 8, 2022, from the South Court Auditorium in Eisenhower Executive Office Building, in Washington, DC. (Photo by Brendan Smialow...
Disney, Uber, Coca-Cola and more
A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images Ch...
Inflation rises 7.5% over the past year, even more than expected
Consumer prices surged more than expected over the past 12 months, indicating a worsening outlook for inflation and cementing the likelihood of substantial interest rate hikes this year. The consumer ...
Australia, New Zealand, Bali, Malaysia, Philippines reopen for travel
Another day — another border reopens. In the past two weeks, a slew of countries announced plans to reopen or relax border restrictions. This includes places that have maintained some of the str...
University of Michigan provost named as next head of the Boston Fed
The Federal Reserve Bank of Boston today announced that Dr. Susan M. Collins will be its next president, CEO. Courtesy: Federal Reserve Bank of Boston. The Boston Federal Reserve, which is heading the...
Fed’s Mester says ‘each meeting is going to be in play’ for rate hikes this year
Cleveland Federal Reserve President Loretta Mester laid out an aggressive plan for reducing easy-money policies this year, saying the central bank will be ready to hike rates at any meeting and should...
Fed’s Bostic says more than 3 hikes possible this year, but needs to see how economy responds
Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta. Christopher Dilts | Bloomberg | Getty Images Atlanta Federal Reserve President Raphael Bostic said Wednesd...
Russian Government Eyes $13 Billion in Taxes From Crypto Economy – Taxes Bitcoin News
Authorities in Moscow expect to collect more than $13 billion as tax payments from the Russian crypto market, according to a government document quoted by media. The estimate comes as Russian institut...
Effort Economy Is Changing the Way We Interact with Gaming
In the traditional economy, people act as consumers. They use their time and money to gain access to goods, games and other amenities for the purpose of entertainment or to fulfill desires. This has b...
Why the U.S. is facing a paint shortage
Demand for raw materials in the paint industry soared over the pandemic as quarantined consumers took to DIY projects and home improvement. But supply just couldn’t keep up. “The raw-mater...
Consumer debt totals $15.6 trillion after a record-breaking increase in 2021
A customer counts his cash at the register while purchasing an item at a Best Buy store in Flushing, New York. Jessica Rinaldi | Reuters Consumers ended 2021 with record levels of debt, leading into a...
Seven hikes? Fast-rising wages could cause the Fed to raise interest rates even higher this year
Too much of a good thing, in the form of rapidly rising wages, is expected to push Federal Reserve interest rate hikes at an even faster pace. Average hourly earnings jumped 0.7% in January and are no...
Bank of England’s Bailey faces backlash after discouraging pay rises
Andrew Bailey, governor of the Bank of England, speaks at a press conference on the Monetary Policy Report at the Bank of England on Feb. 3, 2022 in London, England. Dan Kitwood | Getty Images News | ...
Number of rainy days and intense rainfall can affect economy: Study
A man walks through the floods towards destroyed houses in Schuld near Bad Neuenahr, western Germany, on July 15, 2021. Bernd Lauter | AFP | Getty Images Climate affects the “economic growth sto...
Stock futures inch higher after S&P, Nasdaq fall to start the week
U.S. stock index futures crept higher during overnight trading Monday, after the major averages moved between gains and losses during regular trading as the market awaits key inflation data later this...
Spirit Airlines, Peloton, Snowflake, Netflix and more
A Spirit Airlines aircraft takes off at Orlando International Airport. Paul Hennessy | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Frontier Gro...
Crypto Economy Recaptures $2 Trillion, Bitcoin Moves Back Into the World’s Top 10 Most Valuable Assets – Markets and Prices Bitcoin News
The crypto economy has jumped back above the $2 trillion mark after falling below that value in mid-January. Statistics indicate that the USD value of all 12,440 coins across 544 crypto exchanges is w...