Economy
Consumer sentiment survey followed by the Fed shows inflation expectations ease slightly
A shopper inside a women’s clothing store in the East Village neighborhood of Des Moines, Iowa, on Saturday, Feb. 5, 2022. Kathryn Gamble | Bloomberg | Getty Images A widely followed consumer sentiment survey released Friday showed inflation expectations have eased slightly. The University of Michigan’s Surveys of Consumers said consumers expect inflation to rise […]
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5 things to know before the stock market opens Friday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street heads for its first weekly advance in the past four A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2022. Brendan Mcdermid | Reuters […]
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Stocks making the biggest moves premarket: CarMax, FedEx, Seagen and more
Check out the companies making headlines before the bell: CarMax (KMX) – The automobile retailer beat estimates by 7 cents with quarterly earnings of $1.56 per share, and revenue that also beat analyst forecasts amid what the company called a “challenging” used vehicle market. CarMax added 1.1% in the premarket. FedEx (FDX) – FedEx rallied […]
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World’s most livable cities: Vienna climbs back to its No. 1 spot. These are the biggest decliners
Vienna ranked first in 2018 and 2019, but was overtaken by Auckland, New Zealand, during the pandemic and slipped to 12th place in 2021, according to the Global Liveability Index 2022. Sylvain Sonnet | The Image Bank | Getty Images After two years, Vienna has overtaken Auckland as the world’s most livable city, according to […]
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Greeks fear another recession, just four years after the country exited its controversial bailout
Workers demonstrate against soaring cost of living in central Athens earlier this year. Louisa Gouliamaki | Afp | Getty Images Nearly four years after Greece celebrated the end of its complicated bailout program, its people are growing increasingly concerned about their economic prospects once again. The darkening public mood comes as Greece — like many […]
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Stock futures rise as Wall Street looks to snap losing streak
Stock futures gained on Friday morning as Wall Street looked to grind out a rare positive week in what has been a rough first half of the year. Futures tied to the Dow Jones Industrial Average rose 102 points, or 0.33%. Futures for the S&P 500 were 0.51% higher, while Nasdaq 100 futures advanced 0.78%. […]
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JPMorgan midyear outlook shocker sees S&P 500 roundtrip to new record
The stock market will likely erase its 2022 losses in the second half as inflation declines and the U.S. economy skirts a recession, according to a top strategist at JPMorgan. Marko Kolanovic, who has remained bullish on stocks in recent months despite sharp declines, said in a note to clients on Thursday that he and […]
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Suze Orman has a warning for those who want to quit in the Great Resignation
44% of workers are worried about a layoff, job loss Despite the collective optimism around the current job market, 44% of workers are worried about a layoff or job loss, CNBC’s All-America Workforce Survey found. Some 84% are concerned about a recession. Economists are starting to raise their recession probability outlooks. On Monday, Goldman Sachs […]
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British Airways staff at London’s Heathrow vote to strike
British Airways Boeing 747-400 with nickname Queen of the Skies commercial aircraft as seen on final approach with landing gear down landing at New York JFK John F. Kennedy International Airport in USA on 23 January 2020. Nicolas Economou | NurPhoto | Getty Images British Airways staff at London’s Heathrow airport have voted in favor […]
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Watch Jerome Powell testify to Congress on the economy and how the Fed plans to fight inflation
[This stream is set to start at 9:30 a.m. ET.] Federal Reserve Chair Jerome Powell on Thursday concluded two days of testimony in front of Congress, speaking in front of House members. In remarks for the Senate Banking Committee a day prior, Powell said the Fed understands the “the hardship high inflation is causing. We […]
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