Getty Images Key takeaways Walmart CEO Dough McMillon reports that retail theft is rising at the chain’s U.S. stores The retailer may be forced to hike prices or close stores if the problem isn’t brou...
Tag: Inflation
What Is Hyperinflation? Everything You Need To Know
Getty Images Key takeaways Inflation grew another 0.4% month-over-month in October, bringing annual inflation to 7.7% As interest rate hikes and rising prices compete, people have begun asking if the ...
Inflation Fears Did Not Increase In November—First Time In More Than A Year
Topline For the first time in more than a year, Americans’ inflation fears have not increased, according to a new Gallup poll, as high prices, led by the cost of gas, continue to fall heading into the...
Consumer price inflation almost at its peak, says ECB economists
European Central Bank Chief Economist Philipp Lane has stated that consumer price inflation is almost its peak as he conceded that lending rates are likely to be increased again. Inflation about to pe...
Jamie Dimon says inflation eroding consumer wealth may cause recession next year
JPMorgan Chase CEO Jamie Dimon said that inflation could tip the U.S. economy into recession next year. While consumers and companies are currently in good shape, that may not last much longer, Dimon ...
What Do Rising Treasury Yields Mean For Your Investments?
(Photo by William Thomas Cain/Getty Images) Getty Images Key Takeaways Treasury yields are up again, hitting 3.589% compared to just 0.55% in 2020. This might seem like good news, but for existing bon...
Economist Roubini Sees ‘Mother of All Stagflationary Debt Crises’
Debt around the world is growing as governments, businesses and individuals have gone on a spending and borrowing spree during the covid pandemic and as it has eased. Nouriel Roubini, chief economist ...
Hit by Inflation? The IRS Has $1,400 Waiting For You
The IRS has started sending out letters to approximately 9 million households that might have missed out on several pandemic-related tax refunds and stimulus checks, which may include the third round ...
Crypto set for huge clear out and inflation won’t be…
Black Rock CEO Larry Fink says that most crypto companies will not survive and is worried that inflation will not be brought back to even 3 or 4%. An economic malaise Larry Fink is the CEO of Black Ro...
Tax strategy that may offset losses – but investors need to act now
Investors may get a wake-up call this winter when it comes to taxes, but it doesn’t have to be that way. According to BNY Mellon’s Ben Slavin, it’s a key time to sell losing investme...
The U.S. economy won’t collapse under Fed’s ‘weight’ based on the performance of these sectors despite inflation and oil risks
Investors are trying to read the tea leaves in a choppy U.S. stock market to gauge whether its recent run higher can continue after Federal Reserve Chair Jerome Powell unleashed bullish sentiment at t...
Stocks Rise on Cooling Inflation and Fed Moderation. That Doesn’t Mean the Bear Market Is Over.
Christmas came early this year for the stock market. Is there a Grinch waiting to ruin it? It was a week of surprises both good—Federal Reserve Chairman Jerome Powell essentially confirming a smaller ...
The Twin Sisters Of The Dismal Science
Portrait of Thomas Carlyle, Scottish historian, satirical writer, essayist, translator, philosopher, … [+] mathematician, and teacher getty The inflation numbers are in and they’re up but the yi...
Elon Musk wants the Fed to ‘cut interest rates immediately’ — but Jerome Powell just said inflation ‘remains far too high.’ Here are 3 sectors for safety if costs keep soaring
Elon Musk wants the Fed to ‘cut interest rates immediately’ — but Jerome Powell just said inflation ‘remains far too high.’ Here are 3 sectors for safety if costs keep soaring ...
Slowing Inflation Isn’t Good for All Stocks. The Challenge That Tesla and Others Could Be Facing.
Inflation may have peaked, which could be bad news for stocks that have benefited from higher prices. It has taken time, but the market has finally coalesced around the idea that inflation won’t get h...
Here’s what experts say about Powell’s next step in the big inflation fight
When a strong jobs report comes across the desk of the Federal Reserve’s chairman, it’s normally cause for celebration. After all, Fed officials have two main duties in their role managing the U.S. ce...
2022 Inflation statistics: how bad is it worldwide?
According to inflation statistics, 2022 has been a painful year for financial markets following a worldwide increase in inflation that began in mid-2021, just after the COVID-19 pandemic started fizzl...
35% of millionaires say they won’t have enough to retire, report finds
A cool $1 million is not what it used to be. There are more millionaires in the U.S. and globally than ever before, with nearly 24.5 million millionaires nationwide as of 2022, according to the latest...
Powell’s inflation remarks a ‘green light’ to stay in stocks
CNBC’s Jim Cramer on Thursday said Federal Reserve Chair Jerome Powell’s inflation remarks the day before confirmed that inventors shouldn’t exit the market over recession fears. ...
Gold & Silver Stocks Perk Up
closeup of silver eagle and golden american eagle one ounce coins on black background getty The precious metals sector is showing strength after Fed Chair Jerome Powell said interest rates increases m...
Mortgage Rates Fall As Inflation Eases And Fed Signals Smaller Hikes Ahead
Fed officials signal the pace of rate hikes may slow. getty Mortgage rates fell to a two-month low this week as bond investors bet inflation will continue easing and the Federal Reserve signaled it wi...
Dow Jones Dives 400 Points On Cool Inflation Data; Salesforce Plunges On Earnings
The Dow Jones Industrial Average sold off Thursday morning after key inflation data. Tech leaders Okta, Splunk and Snowflake posted big earnings-related moves, and Dow Jones stock Salesforce dived aft...
Disappointing Nowcasts For Upcoming Inflation Highlight Fed’s Concerns
Federal Reserve Chair Jerome Powell speaks at the Hutchins Center on Fiscal and Monetary Policy at … [+] the Brookings Institute on Wednesday, Nov. 30, 2022, in Washington. (AP Photo/Nathan Howa...
Economist Austan Goolsbee named next Chicago Fed president
The economist Austan Goolsbee will take over as president of the Chicago Federal Reserve early next year as the central bank weighs critical policy moves ahead, according to an announcement Thursday. ...
US Inflation Indicator Rises by Less Than Forecast as Spending Increases
(Bloomberg) — A key gauge of US consumer prices posted the second-smallest increase this year while spending accelerated, offering hope that the Federal Reserve’s interest-rate hikes are cooling...
Jobless Claims Fall Despite Layoffs And Inflation
| Getty Images Key Takeaways Despite constant fears of high inflation and news of layoffs, the October jobs report announced that 261,000 non-farm jobs were added. The Fed has been watching the labor ...
Dow Jones Futures: Inflation Report Due After S&P 500 Surges Above 200-Day On Fed Chief Powell
Dow Jones futures tilted higher Thursday morning, along with S&P 500 futures and Nasdaq futures. Salesforce.com headlined earnings overnight but investor focus will be on Thursday’s PCE infl...
Opinion: Opinion: High debts and stagflation will bring mother of all financial crises
NEW YORK (Project Syndicate)— The world economy is lurching toward an unprecedented confluence of economic, financial, and debt crises, following the explosion of deficits, borrowing, and leverage in ...