Tag: Economy

  • 5 things to know before the stock market opens on Friday

    Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures rise after S&P 500 closes on edge of bear market Traders work on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York, U.S., May 19, 2022. andrew kelly | Reuters U.S. […]

  • Stephen Roach calls stagflation its base case and warns the market is unprepared for the consequences

    Stagflation is back, according to Stephen Roach, former chairman of Morgan Stanley Asia. He warns that the United States is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and likely to be prolonged,” Roach told CNBC’s “Fast Money” on Thursday. “Markets aren’t even […]

  • [LIVE] NEW DAY at arirang: Biden expected in Seoul on Friday; to meet technical leaders and troops

    [LIVE] NEW DAY at arirang: Biden expected in Seoul on Friday; to meet technical leaders and troopsArirang News South Korea and Japan just don’t get along. This is a problem for BidenCNN South Korea is the missing link in the US Indo-Pacific strategyThe hill Biden’s trip to Asia: a provocative visit announced? : Global Times […]

  • Stocks moving the most before market: Kohl’s, BJ’s Wholesale, Spirit and more

    Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s reported adjusted quarterly earnings of 11 cents per share, well below the consensus estimate of 70 cents. Revenues were better than expected, but the retailer noted a difficult selling environment as well as higher costs. Kohl’s shares fell 3.3% in premarket trading. […]

  • Japan to join US-led economic framework during Biden visit – The Mainichi

    Chief Cabinet Secretary Hirokazu Matsuno holds a press conference in Tokyo on May 18, 2022. (Kyodo) TOKYO (Kyodo) — Prime Minister Fumio Kishida plans to announce during President Joe Biden’s visit to Japan that Tokyo will join a U.S.-led Indo-Pacific economic initiative to counter a growing China. affirmed, […]

  • Stocks making the largest pre-market moves: Target, Walmart, Carrier Global and others

    Check out the companies making headlines before the bell: Target (TGT) – Target fell 22.1% in premarket after the retailer reported adjusted quarterly earnings of $2.19 per share, below the consensus estimate of $3.07. Same-store revenue and sales beat expectations, but like rival Walmart yesterday, rising costs weighed on Target’s bottom line. Lowe’s (LOW) – […]

  • UK inflation hits 40-year high at 9%

    Consumer price inflation hit 9% in April, the Office for National Statistics said, surpassing even the peaks of the early 1990s recession many Britons remember for sky-high interest rates and widespread payment defaults. A Reuters poll of economists had indicated a reading of 9.1%. The British pound fell after the data and was down 0.4% […]

  • Elon Musk does not fear a recession

    Elon Musk is in the news. He is everywhere. The CEO of premium electric vehicle maker Tesla (TSLA) – Get the Tesla Inc report somewhat reminiscent of former Republican President Donald Trump when the latter was in power. Like Trump, Twitter is Musk’s main communication channel. Like the property developer, the tech mogul seems to […]

  • Powell says the Fed won’t hesitate to keep raising rates until inflation drops

    U.S. Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on “The Semi-Annual Report on Monetary Policy to Congress,” in Washington, DC, March 3, 2022. Jonathan Ernest | AFP | Getty Images Federal Reserve Chairman Jerome Powell underscored his determination to bring inflation down, saying on Tuesday he would support interest rate […]

  • Covid has hit China’s economy harder than expected

    The world’s second-largest economy reported shocking declines in retail sales and factory production, largely missing market expectations. Retail sales contracted 11.1% in April from a year ago, according to China’s National Bureau of Statistics on Monday. That was well below the 6.1% drop predicted in a Reuters survey of economists, and also well below the […]