Tim Draper, an early bitcoin investor, has declared he is still optimistic about the value of the first cryptocurrency even with the downturn its price has taken in the last months. Draper believes th...
Tag: Inflation
Survey Shows 87% of Americans Are Stressed About Inflation and Rising Costs of Everyday Goods – Economics Bitcoin News
As the consumer price index (CPI), a measure of prices for goods and services, hit another all-time high in April reaching 8.3%, Americans are stressed out more than ever about inflation and money. A ...
Tim Draper Bullish on Bitcoin Due to Its Inflation Hedge Traits – Bitcoin News
Tim Draper, an early bitcoin investor, has declared he is still optimistic about the value of the first cryptocurrency even with the downturn its price has taken in the last months. Draper believes th...
Microsoft Has a Nice Surprise for Employees
In 1977, the song “Take This Job and Shove It” hit number one on the country music charts and stayed there for two weeks. Today’s workers may not know the song, but many of them are ...
Deere Plunges Most Since 2008 on Supply Chain Snarls, Inflation
(Bloomberg) — Deere & Co. slid the most in 14 years after the world’s largest manufacturer of agricultural equipment was the latest major US company bruised by supply chain snags and rising ...
The Great Retail Reset Hits The Bullseye: Getting Back On Target
This week Target became the canary in the coal mine, as it lost nearly 25% of its value. Many viewed … [+] this as a market over correction. Getty Images The market “shock and awe” that took pla...
If You Expected Bitcoin to Beat Gold As An Inflation Hedge, You Understand Neither Gold nor Inflation
The market speculation that is Bitcoin has risen to prominence for a variety of reasons, but it’s not unreasonable to say that the dollar, euro, yen, pound, yuan (or name your county’s currency) have ...
China Covid Lockdowns Threaten To Fuel U.S. Inflation As Economic Pessimism Grows
Topline As rising cases in Shanghai threaten further lockdowns in the region, experts are warning China’s pandemic crackdown measures this spring could be the latest headwind for the U.S. econom...
Stephen Roach gives stagflation warning, calls peak inflation absurd
Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth. ̶...
If Inflation Is So Scary, Why Are Consumers Still Spending?
If Inflation Is So Scary, Why Are Consumers Still Spending? getty Just as the pandemic seemed to be receding as an imminent threat to us all, there comes a new boogeyman — inflation. That was the head...
Inflation in Canada and US, Russia’s Crumbling Economy, and Tech Stocks Underperforming in China – crypto.news
Inflation fears continue to rise in the US as stocks fall sharply, losing earnings, and growth stagnates. This is the most significant daily drop in US stocks in over two years. Bloomberg noted that i...
Warren Buffett is holding these stocks for the massive free cash flow — with inflation near 40-year highs, you should too
Warren Buffett is holding these stocks for the massive free cash flow — with inflation near 40-year highs, you should too Wall Street pays a ton of attention to company earnings. But reported earnings...
Why Financial Markets Are Struggling
Close up of golden Bull and Bear standing on a Stock Market Newspaper getty U.S. stock markets continue to struggle amid Fed policy shift, inflation worries, and recession risk. Will inflation persist...
Gas prices just hit a new record high. Here are a few ways to save
As the summer driving season nears, gasoline prices show no signs of slowing down. The national average for unleaded gas hit a new high of $4.59 per gallon Thursday, according to AAA. For the first ti...
Fuel is a problem for business and consumers — Why prices are so high
A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images The surge in gasoline prices is impossible to miss and at ...
Fed isn’t focused on impact of rates on stocks, Esther George Says
Kansas City Federal Reserve President Esther George said Thursday that higher interest rates are needed now to bring down inflation and policymakers are not focused on the impact that is having on the...
How relocating Americans created new inflation hot spots
Americans moved around a lot over the past two years, and those destinations also now happen to have the highest inflation rates in the U.S. “We saw right away that inflation was highest in Phoe...
Federal Financial Regulators Prepare To Throttle US Oil Producers
Climate change protestors covered in fake blood gather around the Wall Street Bull during an … [+] Extinction Rebellion demonstration in New York in 2019. Climate activists have long criticized ...
Next big shoe to drop in financial markets: Inflation that fails to respond to Fed rate hikes
Traders, investors and strategists are adding one more factor to the list of reasons why financial markets may be in for more volatility through at least the next three to four months: the likelihood ...
A ‘summer of pain’ for stocks? Nasdaq Composite could plunge 75% from peak, and S&P 500 skid 45% from top, warns Guggenheim’s Scott Minerd
The carnage playing out in the U.S. stock market on Wednesday is likely an amuse-bouche compared with the devastation on the menu for the bulls in the coming months and years, Guggenheim Partners Glob...
Walmart and Target Miss Quarterly Earnings Estimates, Dramatically
Quarterly quandary: Long on sales, short on profits Getty Images These are “Strange days indeed,” to quote John Lennon. Inflation rates are at a 40-year high yet based on the most recent April spendin...
Jeff Bezos Accuses Joe Biden of ‘Misdirection’ on Inflation
Billionaire businessman Jeff Bezos has accused Joe Biden of “misdirection” after the U.S. President argued that increasing corporation taxes could ease inflation. The argument arose with U.S. inflatio...
Goldman CEO Sees Recession Risk, ‘Extremely Punitive’ Inflation
(Bloomberg) — Goldman Sachs Group Inc. Chief Executive Officer David Solomon said clients are preparing for slowing growth and a decline in asset prices — all as “extremely punitive” infla...
Dow Falls 900 Points, Stock Market Selloff Continues As Major Retailers Warn Of Rising Cost Pressures
Topline The stock market selloff resumed on Wednesday amid reinvigorated fears about surging inflation weighing on economic growth, as several major retailers have now reported that quarterly profits ...
Target Stock Plunge Wipes $25 Billion As Inflation Squeezes Customers And Sends Costs Soaring—Spurring ‘Dramatic’ Earnings Shortfall
Topline Shares of Target collapsed Wednesday after the brick-and-mortar retailer posted disappointing first-quarter earnings spurred by unexpectedly high costs that offset rising sales—spelling more t...
Bitcoin Back Below $30K as Target’s Earnings Miss Shows Effects of Inflation
Although such scenarios could take months to play out, stock traders are already pricing in anticipated lower earnings, which lead to a drop in equity valuations. On Wednesday, S&P 500 futures dro...
Here’s what a modern Volcker-style inflation fight could look like, SocGen says
Federal Reserve Chairman Jerome Powell has begun talking about a “softish landing” for the economy as the central bank squares off against high inflation by raising rates and cutting its nearly $9 tri...
Investors need to keep emotions under control in this volatile market
NicolasMcComber | E+ | Getty Images Whether you’re new to investing or have been in the market for years, you may feel a little bit like you are lost at sea looking for a safe harbor. Investors are co...
Target earnings miss as supply chain inflation bites
The scary arm of inflation has found its way to the financials of consistently top performing Target. Target reported a wide first quarter earnings miss on Wednesday as cost increases in areas such as...
3 top dividend stocks yielding as high as 8.7% — with inflation still near 40-year highs, it might be a good move to nail down some income
3 top dividend stocks yielding as high as 8.7% — with inflation still near 40-year highs, it might be a good move to nail down some income Inflation is on a white-hot tear. U.S. consumer prices surged...
You just retired and your target-date fund has plunged. What do you do now?
If you recently retired or are near retirement and you had your money in a target-date fund designed for people retiring about now, bad luck. So far this year, the “target” is you. Morningstar tells m...