business news
Fed’s Waller promises to tackle inflation, says mistakes of the ’70s won’t be repeated
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller pledged Tuesday that the rate-setting group wouldn’t make the same mistakes on inflation […]
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Senate resolution would urge Biden administration to designate Russia as state sponsor of terrorism sponsor under Putin
Russian President Vladimir Putin watches a military parade on Victory Day, which marks the 77th anniversary of the victory over Nazi Germany in World War Two, in Red Square in central Moscow, Russia May 9, 2022. Mikhail Metzel | Sputnik | Reuters Two senators unveiled a resolution Tuesday calling on the Biden administration to designate […]
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U.S. gun homicides reached highest level in 25 years during Covid pandemic, CDC says
Gun homicides in the U.S. reached their highest level in more than 25 years during the Covid-19 pandemic, according to the Centers for Disease Control and Prevention. Homicides from guns rose 35% during the first year of the pandemic to the highest level since 1994, according to a CDC Morbidity and Mortality Weekly report published […]
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Peloton CEO says he was surprised by how deep some issues ran at the company
Barry McCarthy, chief financial officer at Spotify, attend annual Allen & Company Sun Valley Conference, July 11, 2018 in Sun Valley, Idaho. Drew Angerer | Getty Images When Barry McCarthy showed up to run Peloton about three months ago, he was surprised to learn just how discombobulated the supply chain was and how quickly the […]
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Elon Musk says he would lift Twitter ban on Donald Trump after deal closes
Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Elon Musk said Tuesday he would reverse Twitter’s ban on former President Donald Trump if his acquisition goes through. “Permanent bans should be extremely rare and really reserved for accounts that are bots, or scam, spam accounts… I do think […]
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SoFi stock falls, trading halted after fintech firm accidentally releases first-quarter report early
Pedestrians walk by the SoFi Technologies headquarters on February 22, 2022 in San Francisco, California. Justin Sullivan | Getty Images Shares of SoFi fell sharply on Tuesday and were halted after the company accidentally released its first-quarter results early. The company said the report, which was scheduled for after market close on Tuesday, was released […]
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FIFA video game to disappear as EA Sports partnership ends
FIFA22 game boxes are seen at a store in Krakow, Poland on December 30, 2021. Jakub Porzycki | Nurphoto | Getty Images The FIFA video game will be disappearing after the maker failed to strike a new licensing deal with world soccer’s governing body. Instead, EA Sports FC will be introduced from 2023 after the […]
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Stocks making the biggest moves midday: Peloton, Upstart, Vroom and more
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Peloton – Shares tumbled 12% after the equipment maker disclosed it’s piling up excess inventory and burning through […]
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Signs of retail traders capitulating in this sell-off are emerging, but it’s still early innings, BofA says
Retail traders are starting to buckle under the selling pressure in this market, according to Bank of America. Source
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Here’s why a Roth individual retirement account conversion may pay off in a down market
Morsa Images | E+ | Getty Images Soaring inflation, interest rate hikes and the war in Ukraine have sparked ongoing stock market volatility. But there may be a bright spot: the chance to save money on a Roth conversion. The strategy allows higher earners to sidestep the earnings limits for Roth individual retirement account contributions, […]
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