cnn.com
The labor market ballooned in January when the US economy added an astonishing 517,000 jobs, blowing past Wall Street’s expectations. But at the same time, a slew of corporate layoff announcements have prompted questions about whether there could be a broad slowdown on the horizon.
11 months ago
cnn.com
It’s never wise to underestimate the power of the American consumer, which has kept America’s economy humming through a year and a half of inflation chaos.
11 months ago
edition.cnn.com
It’s never wise to underestimate the power of the American consumer, which has kept America’s economy humming through a year and a half of inflation chaos.
11 months ago
cnn.com
Better Call Saul, The Colbert Report, Law & Order: SVU — Sometimes a spinoff is just as good as the original.
11 months ago
cnn.com
Former Barclays CEO Jes Staley allegedly exchanged sexually suggestive emails with disgraced financier Jeffrey Epstein, some of which included photos of young women, according to newly unsealed passages of a federal lawsuit.
11 months ago
cnn.com
Investors are searching for clarity in the wake of Friday’s collapse of Silicon Valley Bank — the biggest failure of a US bank since 2008. And as they attempt to predict what comes next — be it wider financial chaos, more government regulation, a pause in Fed hikes or something else entirely — they’re looking to the past for guidance.
11 months ago
cnn.com
Global banks just suffered their worst week since 2008. So what comes next?
10 months ago
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Growing unrest in the Middle East has cast a shadow on global financial markets. Israeli stocks listed in New York and Tel Aviv have sunk to recent lows, underscoring the growing economic uncertainties in the war-torn region and leaving investors unsure of where markets go from here. What’s happening: For a country about the size of New Jersey, Israel has an outsized influence on the US stock market. More than 100 Israeli companies are listed on US exchanges, with a combined market cap of more…
3 months ago
cnn.com
For a while now the theme of “higher for longer” has dominated market speak – that’s the idea that the Federal Reserve will keep interest rates elevated for a prolonged period of time to bring inflation down. But a rise in long-term Treasury yields could be doing some of that work for the Fed and may put an end to the past 19 months of historic interest rate hikes meant to tamp down inflation. It’s no longer “higher for longer,” said Steve Sosnick, chief strategist at Interactive Brokers, it’s j…
3 months ago
cnn.com
America’s first inflation crisis in decades, combined with the Federal Reserve’s aggressive interest rate hikes to combat it, has made for a topsy-turvy past couple years on Main Street and Wall Street alike. It has weighed on consumers and kept investors constantly second-guessing themselves. But some analysts say the Fed’s influence on the economy isn’t as profound as it used to be. Sure, markets will still react sharply when the Fed announces its new policy decisions, they say, but the lastin…
3 months ago
cnn.com
Employees at some of the largest drugstore chains in the United States staged a new series of walkouts across the country Monday to demand the companies fix what employees say are harsh working conditions that make it difficult for them to safely fill prescriptions, and which could put the health of their customers at risk. Walgreens and CVS employees are mostly not unionized, which makes a largescale walkout difficult to execute. Staff and organizers in multiple states confirmed to CNN that the…
3 months ago