U.S. needs miracle to avoid recession, economist Stephen Roach warns
[ad_1] Negative economic growth in the year’s first half may be a foreshock to a much deeper downturn that could last into 2024. Stephen Roach, who served as chair of…
Fed rate hikes won’t curb inflation if spending stays high, paper says
[ad_1] John C. Williams, president and chief executive officer of the Federal Reserve Bank of New York, Lael Brainard, vice chair of the Board of Governors of the Federal Reserve,…
Here’s what’s next for stocks after Powell’s Jackson Hole speech
[ad_1] It’s easy to go back into a defensive crouch. “The market is about to enter the seasonally weak month of September with the Federal Reserve amping up inflation fighting…
U.S. delisting risk for Chinese ADR stocks halves after deal
[ad_1] The China Securities Regulatory Commission and U.S. Public Company Accounting Oversight Board announced Friday both sides signed an agreement for cooperation on inspecting the audit work papers of U.S.-…
Deere, Foot Locker, Bed Bath & Beyond and more
[ad_1] Check out the companies making headlines before the bell: Deere (DE) – Deere slid 5.2% in premarket trading after the heavy equipment maker missed quarterly earnings estimates despite higher-than-expected…
Bed Bath & Beyond, Foot Locker and more
[ad_1] Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Check out the companies making headlines in midday trading. Foot Locker — The retail stock surged 20% after it appointed former…
Stocks making the biggest moves premarket: Petco, Brinker International, Nordstrom
[ad_1] Check out the companies making headlines before the bell: Petco (WOOF) – The pet products retailer fell short of Street forecasts on both the top and bottom lines for…
Stocks making biggest moves after hours: Nvidia, Salesforce and more
[ad_1] In this photo illustration the stock trading graph of Nvidia Corporation seen on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Check out the…
Powell warns of ‘some pain’ ahead as Fed fights to lower inflation
[ad_1] Federal Reserve Chairman Jerome Powell delivered a stern commitment Friday to halting inflation, warning that he expects the central bank to continue raising interest rates in a way that…
Here’s how Biden’s student loan cancellation affects lenders and servicers
[ad_1] The move by President Joe Biden to cancel student debt for millions of Americans has added some wrinkles to the financial businesses that have built up around those loans.…
Electronic Arts, Gap, Ulta Beauty and more
[ad_1] Check out the companies making headlines before the bell: Electronic Arts (EA) – The video game company’s stock jumped 6.2% in the premarket on a Swedish media report that…
Peloton, Salesforce, Dollar Tree and more
[ad_1] Check out the companies making the biggest moves midday: Peloton — Shares of Peloton plunged over 18% after the company reported quarterly results Thursday showing a wider-than-anticipated loss and…
Dollar Tree, Peloton, Salesforce and more
[ad_1] Check out the companies making headlines before the bell: Dollar Tree (DLTR) – The discount retailer’s stock slid 6.6% in the premarket after cutting its full-year earnings forecast, due…
Peloton, Bed Bath & Beyond, Nordstrom and more
[ad_1] A man walks in front of a Peloton store in Manhattan on May 05, 2021 in New York. John Smith | Corbis News | Getty Images Check out the…
AMC, Signify Health, Netflix and more
[ad_1] Netflix is expanding its push into mobile gaming. Sopa Images | Lightrocket | Getty Images Check out the companies making the biggest moves midday Monday: AMC — Shares of…
Twitter, Zoom, Palo Alto Networks, Macy’s and more
[ad_1] Check out the companies making headlines in midday trading Tuesday. Zoom Video — Zoom sank 16.5% after missing on revenue estimates for the previous quarter due to a strong…
Citi projects UK inflation to breach 18% in January as energy prices skyrocket
[ad_1] Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | Getty Images LONDON — U.K.…
Morgan Stanley picks China tech, materials stocks to beat volatility
[ad_1] Morgan Stanley is betting on a few Chinese stocks — such as technology and materials companies — to ride out what’s expected to be a period of high market…
Signify Health, Bed Bath & Beyond, AMC and more
[ad_1] Take a look at some of the biggest movers in the premarket: Signify Health (SGFY) – Signify Health surged 37.5% in premarket trading as a potential bidding war escalates…
FTX grew revenue 1,000% during the crypto craze: Leaked financials
[ad_1] Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US,…
Warren Buffett gets permission to buy up to half of Occidental Petroleum, boosting the shares
[ad_1] Warren Buffett at press conference during the Berkshire Hathaway Shareholders Meeting, April 30, 2022. CNBC Warren Buffett’s Berkshire Hathaway on Friday received regulatory approval to purchase up to 50%…
7 things to know before the bell
[ad_1] Click chart for more in-depth data. 1. The race to driverless cars: SoftBank (SFTBF) and Toyota (TM) are forming a joint venture that will use driverless-car technology to offer…