Economy
5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stocks set for higher open as Wall Street tries for another rebound Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures rose Thursday after an attempt at a rebound fizzled the […]
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Stocks making the biggest moves premarket: Accenture, Darden Restaurants, FactSet and more
Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm’s shares fell 3.3% in the premarket after its quarterly revenue beat forecasts but earnings were impacted by the cost of its Russia exit. Accenture raised its full-year revenue forecast but cut the top end of its projected earnings range due […]
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Russia’s ruble is at its strongest level in 7 years despite massive sanctions. Here’s why
Russian one ruble coin and Russian flag displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on March 8, 2022. Jakub Porzycki | Nurphoto | Getty Images Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and its strongest […]
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President Biden calls on Congress to suspend the federal gas tax for 90 days
US President Biden delivers remarks on efforts to lower high gas prices in the South Court Auditorium at Eisenhower Executive Office Building June 22, 2022 in Washington, DC. Jim Watson | AFP | Getty Images President Joe Biden called on Congress Wednesday to suspend the federal gas tax for 90 days as prices at the […]
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Biden calls on Congress to suspend the gas tax — Here’s what that means for prices at the pump
President Joe Biden called on Congress Wednesday to temporarily suspend the federal gas tax, as he tries to quell the rapid surge in prices at the pump. While experts say a suspension could provide some immediate relief, it could also keep demand elevated, thereby exacerbating tight supply. Consumers are getting hit with higher prices everywhere, […]
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Powell tells Congress the Fed is ‘strongly committed’ to bringing down inflation
Jerome Powell, chairman of the US Federal Reserve, arrives to a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S., on Wednesday, June 22, 2022. Ting Shen | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell told congressional lawmakers Wednesday that the central bank is determined to bring down inflation and […]
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Canada inflation rate gallops to near 40-year high, calls for supersized rate hike mount
The Bank of Canada raised interest rates to 1.5% from 1.0% this month and said it was ready to act “more forcefully” if needed to tame inflation. David Kawai | Bloomberg via Getty Images Canadian consumer prices increased in May at rates not seen since January 1983, surging past analyst forecasts, largely driven by pricey […]
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Watch Powell’s testimony to Congress on the Fed’s inflation fight, state of the economy
[The stream is set to start at 9:30 a.m. ET] Federal Reserve Chair Jerome Powell on Wednesday began two days of testimony in front of Congress. The central bank chief is expected to provide updates on the state of the economy and on how the Fed plans to curb inflationary pressures not seen since the […]
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Airlines failed to plan for travel boom, says Allied Pilots Association’s Dennis Tajer
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Allied Pilots Association’s Dennis Tajer, a pilot with American Airlines, joins CNBC’s ‘Squawk Box’ to weigh in on the pilot shortage hitting airlines during the busy holiday travel season. Source
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Stocks making the biggest moves premarket: Winnebago, La-Z-Boy, Revlon and others
Check out the companies making headlines before the bell: Winnebago (WGO) – The recreational vehicle maker saw its stock jump 3.4% after it beat top and bottom-line estimates for its latest quarter. Winnebago earned an adjusted $4.13 per share, compared with a consensus estimate of $2.96, helped by higher prices and a jump in its […]
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