Economy
Fed officials Waller and Bullard back another big interest rate increase in July
The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Sarah Silbiger | Reuters The Federal Reserve is well on its way to another sharp interest rate hike in July and perhaps September as well, even if it slows the economy, according to statements Thursday from two policymakers. Fed Governor Christopher Waller left little […]
Read More
Goldman slashes GDP forecast for the second quarter to just barely above water
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Daniel Acker | Bloomberg | Getty Images Amid heightened concerns that a recession is looming, Goldman Sachs economists expect that the U.S. economy barely grew in the second quarter. The […]
Read More
A self-made millionaire shares her top 18 ‘recession money rules’: ‘Don’t panic’ and ‘prepare to borrow’
Worried about what your financial situation will look like in a year — or even in a few months — from now? With all the concerns about economic growth, it’s reasonable to be worried about a potential recession. But the key is to start preparing now so that you’re in the best position with your […]
Read More
States are spending billions on electric vehicles in battle to replace automotive capital Michigan
For as long as there has been an auto industry, Michigan has been its epicenter. But now, the industry is making clear that it is not bound by tradition. The move to electric vehicles — rapidly accelerating as the price of fossil fuels rises and battery technology improves — is easily the biggest shakeup in […]
Read More
Volkswagen CEO confident about ramping up EV production
Herbert Diess, CEO of Volkswagen, discusses the automaker’s electrification strategy. Source
Read More
5 things to know before the stock market opens Thursday
British Prime Minister Boris Johnson listens to Qatar’s Emir Sheikh Tamim bin Hamad al Thani (not pictured) at the start of their meeting at 10 Downing Street, in London, Britain May 24, 2022. Matt Dunham | Reuters Here are the most important news items that investors need to start their trading day: 1. The end […]
Read More
Stocks making the biggest moves premarket: GameStop, Seagen, Virgin Galactic and more
Check out the companies making headlines before the bell: GameStop (GME) – GameStop rallied 7.8% in the premarket after the videogame retailer declared a 4-for-1 stock split. Trading on a split-adjusted basis will begin on July 22. Seagen (SGEN) – Seagen gained 4.5% in premarket trading after the Wall Street Journal reported that Merck (MRK) […]
Read More
Villas by the sea: Rich Russians fleeing sanctions are pumping up Dubai’s property sector
Dubai is seeing its hottest real estate market in years, with sales in the sector up 45% year on year in April and 51% in May, according to the Dubai Land Department. DUBAI, United Arab Emirates – The team at Dubai property firm Mira Estate have reason to celebrate. The luxury real estate company just […]
Read More
Switzerland surprised markets with a rate hike. But Japan could cause a much more violent reaction
Japan’s national flag flies atop the Bank of Japan building on November 12, 2019 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images Japan’s central bank is nearing an inflection point. It comes as policymakers around the world scramble to tighten monetary policy in an effort to rein in record-high inflation. The Swiss National Bank was […]
Read More
Stock futures rise slightly following third straight day of gains for S&P 500
Traders on the floor of the NYSE, June 16, 2022. Source: NYSE U.S. stock futures rose slightly on Wednesday night as investors digested the most recent meeting minutes from the Federal Reserve. Dow Jones Industrial Average futures rose by 26 points, or 0.1%. S&P 500 and Nasdaq 100 futures climbed 0.1% and 0.2%, respectively. Shares […]
Read More