Breaking Sen. Warren warns Fed Chair Powell not to ‘drive this economy off a cliff’ The Federal Reserve should make sure that its rate increases do not push Americans into Read more
Tag: economic news
Gold rises as European inflation data undermines dollar
Gold traded higher on Wednesday following a batch of inflation data out of Europe that analysts said could push the European Central Bank to act more aggressively. Price action Gold Read more
U.S. stock futures struggle to hold gains after GDP data
U.S. stock futures struggled for direction on Wednesday, leaving Wall Street potentially on course for a third consecutive day of losses, as investors fret that soaring inflation is damaging the Read more
Here’s why this trader is piling back into one of the year’s hottest commodities
The end of June is nigh and good riddance. Down about 7%, only March has delivered a win for S&P 500 SPX investors this year, as pandemic fallout has been Read more
It’s a wrap: U.S. first-quarter GDP shrank 1.6%. The second quarter isn’t looking much better
The numbers: The first quarter is in the books: The economy shrank at a 1.6% annual pace, the government’s final appraisal shows. And the second quarter isn’t looking all that Read more
Here’s why this trader is piling back into one of the year’s hottest commodities
The end of June is nigh and good riddance. Down about 7%, only March has delivered a win for S&P 500 SPX investors this year, as pandemic fallout has been Read more
Opinion: Rising prices: why the global drive to keep food cheap is unsustainable
As prices rise, everywhere, for pretty much everything, the prospect of the human suffering this will cause is deeply worrying. There are predictions that the number of people in the world experiencing acute Read more
How long will stocks stay in a bear market? It hinges on if a recession hits, says Wells Fargo Institute
When the S&P 500 officially dropped into a bear market on June 13, closing down more than 20% from its last peak, it stirred debate about whether investors should hold Read more
Consumer confidence falls to 16-month low on worries about inflation and economy
The numbers: A survey of U.S. consumer confidence dropped in June to a 16-month low of 98.7, as Americans grew more worried about high gas and food prices and the Read more