Federal Reserve Chairman Jerome Powell said Tuesday that the central bank will continue to raise short-term interest rates — which will likely slow economic activity — until there is “clear and convin...
Tag: Inflation
Energy, health care are attractive sectors to watch for rest of year
“Segments of the health-industry should also perform better than most,” says Andrew Graham, founder and managing partner of Jackson Square Capital, pointing to Eli Lilly, in particular. Te...
Dow Jumps 400 Points After Powell Says Fed ‘Won’t Hesitate’ To Keep Raising Rates To Combat Inflation
Topline The stock market moved higher on Tuesday in an attempt to bounce back after six consecutive weeks of heavy losses, as investors digested the latest comments from Federal Reserve Chair Jerome P...
Up 0.9% vs 1.0% Estimate
A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP...
Powell says the Fed will not hesitate to keep raising rates until inflation comes down
Federal Reserve Chairman Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he will back interest rate increases until prices start falling back toward a healthy level. “...
Inflation is the ‘top problem’ facing America, survey shows
A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022. David Paul Morris | Bloomberg | Getty Images Meanwhile, President Joe Biden also has faced blowback over continu...
GBP/USD forms cup and handle ahead of UK inflation data
The British pound rose to the highest point since May 5th after the positive UK jobs data. The GBP/USD pair rose to a high of 1.2480, which was about 2.70% above the lowest level last week. The pair i...
Walmart Q1 earnings miss estimates as inflation weighs on profits
Walmart (WMT) reported mixed quarterly results on Tuesday, with earnings falling short of estimates as rising costs for food, fuel and wages weighed on profitability even as still-solid consumer spend...
The Fed’s Plans To Slow Inflation Will Kill The Economy: Is A Recession Inevitable?
This segment of What’s Ahead examines a pernicious idea that has a vise-like grip on Federal Reserve policy and is widely accepted among economists and policymakers. The notion is that the economy is ...
Michael ‘Big Short’ Burry Shorts Apple
Infamous investor Michael Burry of “The Big Short” has bet against Apple ( (AAPL) – Get Apple Inc. Report), according to a SEC filing. During the first quarter, Burry, a hedge fund i...
Verizon Joins AT&T in Raising Wireless Prices as Inflation Bites
(Bloomberg) — Verizon Communications Inc. will raise prices on its wireless bills for the first time in two years as the largest US wireless carrier grapples with higher costs. Most Read from Bl...
Home affordability at 2007 bubble level but crash unlikely: Blackstone
A major Wall Street firm is drawing a striking parallel to the housing bubble. Blackstone’s Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely du...
Biden Administration And Jeff Bezos Square Off Over Inflation
Topline A spat between the White House and Amazon founder Jeff Bezos over President Joe Biden’s fiscal policies intensified Monday, with Bezos accusing Biden of disregarding inflation while the White ...
Ben Bernanke helped the U.S. recover after 2008 and now sees huge warning signs on inflation, stagflation and student debt
Former Federal Reserve Chairman Ben Bernanke said the U.S. central bank’s decision to delay its response to the highest inflation rates in four decades “was a mistake.” Bernanke, who served two terms ...
Warren Buffett says these are the best stocks to own when inflation spikes — with consumer prices still surging, it’s time to follow his lead
Warren Buffett says these are the best stocks to own when inflation spikes — with consumer prices still surging, it’s time to follow his lead Price levels continue to rise at a rate we haven’t s...
High inflation and dollar strength: how are they linked?
Financial markets sold off in a massive rout last week, after the publication of elevated US consumer inflation at 8.3% for the month of April. Amid the chaos,the US Senate handed the global monetary...
Stocks Keep Tanking As Growing Number Of Wall Street Experts Warn About Rising Recession Risks
Topline With the stock market falling for the last six weeks in a row amid growing concerns about an economic slowdown and the Federal Reserve raising interest rates to combat inflation, an increasing...
Celsius CEO Alex Mashinsky Inflation Numbers Can Detect The Flow Of Crypto Market
Alex Mashinsky, CEO of Celsius Network, the crypto lending platform, says that inflation data can direct the flow of the digital asset market. The current correction, which has wiped off hundred...
Inflation Numbers Could Decide Next Direction for Crypto Markets, Here’s How and Why – Coinpedia – Fintech & Cryptocurreny News Media
What a week! Its May or Mayhem? The markets continued to crash the whole week without any relief, which was fueled by weak global cues from the US market, the Luna fiasco, as well as the devaluation o...
Will Stores Be Successful During Inflation?
(Photo by Scott Barbour/Getty Images) Getty Images Stores must understand the mood of today’s shopper in order to be successful. The mood has changed significantly in recent times, and retailers must ...
Fed Hawkishness May Be Near Its Peak, Even if Inflation Isn’t
Fed Chairman Jerome Powell, shown earlier this month at his postmeeting press conference, says the price pressures need to be reined in even at the expense of economic pain. But how far is he willing ...
Crypto Winter? Celsius CEO Alex Mashinsky Says Inflation Numbers Could Decide Next Direction for Markets
The CEO of crypto lending platform Celsius Network says that inflation data could very well dictate the direction of the digital asset market. In a new interview with InvestAnswers, Alex Mashinsky s...
The Inflation Measures That Business Leaders Should Follow
Inflation is rising however you measure it. Dr. Bill Conerly based on data from the Bureau of Labor Statistics Business leaders have two concerns about inflation: their own particular selling prices a...
How Inflation Changed The Price Of A Hamburger [Infographic]
Consumers all around the United States are forced to save their dollars and count their pennies as high inflation is putting pressure on household budgets. U.S. inflation rose another 8.3% year-over-y...
Argentina Central Bank Raises Rate to 49% As Inflation Jumps
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Argentina’s central bank raised interest rates for the fif...
Congress Picks Populism Over Increased Supply With Price Gouging Legislation
WASHINGTON – APRIL 26: U.S. Senator Chuck Schumer (D-NY) reacts as he leaves a news conference on … [+] high gasoline prices at a gas station on Capitol Hill April 26, 2006 in Washington, ...
Terra Blockchain Switched Off Again As Heightened Inflation Present Attack Risks ⋆ ZyCrypto
Advertisement     For the second time in less than 24 hours, devs announced on Friday, that the Terra blockchain was officially halted at a block height of 7607789 “to...
Inflation Is Starting To Take A Toll On Restaurant Traffic
EL CERRITO, CALIFORNIA – JANUARY 27: A car sits in the drive-thru at a McDonald’s restaurant on … [+] January 27, 2022 in El Cerrito, California. Getty Images It seems the restaurant...
Dow Jones Sells Off On Key Inflation Data; Disney Tumbles On Earnings
The Dow Jones Industrial Average cut losses early Thursday, after another round of heavy selling on Wednesday sent the major stock indexes to new correction lows. More inflation data — the Labor Depar...
This idiot-proof portfolio has beaten traditional stocks and bonds over 50 years
Do you have the right portfolio for your retirement savings? When it comes to long-term investing, the biggest issue — by far — is overall asset allocation: How much to stocks, sectors, assets and so ...