Economy
Stocks making the biggest moves midday: Kohl’s, General Motors, Lockheed Martin, Medpace and more
Check out the companies making headlines in midday trading: Opendoor Technologies , Kohl’s — The two stocks have been cited on Reddit’s WallStreetBets forum and have seen some wild moves as retail traders chase meme stocks . Opendoor, an online real estate startup, surged earlier in the day, but was recently down nearly 2%. Still, […]
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Bessent says Powell doesn’t need to resign but should conduct internal review
Key Points Treasury Secretary Scott Bessent on Tuesday asserted that Fed Chair Jerome Powell does not need to resign though also he also repeated his desire for a review of the central bank’s operations. “There’s nothing that tells me that he should step down right now. He’s been a good public servant,” Bessent said. Source
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Top economist Mohamed El-Erian breaks ranks with Wall Street and says Powell should resign to preserve Fed independence
President of Queens’ College of Cambridge University Mohamed El-Erian speaks during a panel discussion at the headquarters of the International Monetary Fund during the Annual Meetings of the IMF and World Bank in Washington, D.C., on Oct. 13, 2022. James Lawler Duggan | Reuters Mohamed El-Erian on Tuesday called for Federal Reserve Chair Jerome Powell […]
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Stocks making the biggest moves premarket: Opendoor Technologies, General Motors, Lockheed Martin, Medpace and more
Check out the companies making headlines before the bell: Opendoor Technologies — The online real estate startup popped more than 13%, extending a rally powered by retail traders chasing meme stocks. Opendoor, which has often been cited on Reddit’s WallStreetBets forum, is ahead more than 500% this month. Trading volume exploded to 1.9 billion shares […]
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How Canadian boycotts are impacting the U.S.
Amid rising trade and political tensions, Canadian consumers are increasingly turning their backs on American products. Giancarlo Trimarchi, owner of Vince’s Market, a Canadian grocery chain, has seen the backlash firsthand. “Customers are demanding as much Canadian product as possible and get upset when they see U.S. goods,” he said. In a move that could […]
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How boycotts on American products and travel are impacting the U.S.
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email In response to U.S. tariffs and President Trump’s policies, 71% of Canadian consumers say they intend to buy fewer American products this year, according to retail data consulting firm Dunnhumby. That’s having an impact. The US economy could lose up to 0.3% […]
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China’s affluent are as pessimistic about the economy as they were during the Covid-19 pandemic
A study of affluent Chinese released this month by consulting firm Oliver Wyman found that 22% of respondents were negative about the economy when surveyed in May. It just exceeds the 21% seen in October 2022, just before Beijing announced plans to ease its stringent zero-Covid policy. Dukai Photographer | Moment | Getty Images BEIJING […]
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South Korea fin min, trade envoy to hold 2+2 trade talks with U.S. counterparts
South Korea’s new finance minister and the country’s top trade envoy will meet with U.S. counterparts on Friday for talks on U.S. tariffs. RunPhoto | Photodisc | Getty Images South Korea’s new finance minister and the country’s top trade envoy will meet with U.S. counterparts on Friday for talks on U.S. tariffs, Finance Minister Koo Yun-cheol said on Tuesday. The country’s foreign and industry ministers will also visit […]
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Hunter Biden blames Ambien for President Biden’s terrible Trump debate
President Joe Biden stands with his son Hunter Biden after the president arrived at the Delaware Air National Guard Base in New Castle, Delaware, June 11, 2024. Anna Rose Layden | Reuters Hunter Biden said in a new interview that his father, former President Joe Biden, had been taking Ambien in the period before his […]
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Stocks making the biggest moves midday: Block, SolarEdge, Cleveland-Cliffs, Verizon & more
Check out the companies making the biggest moves midday: Bruker — The lab instrument and tools maker shed 12% after the company issued weaker-than-expected guidance for the second quarter. The company expects to earn between 32 and 34 cents per share on revenue ranging from $795 million to $798 million. Analysts polled by FactSet expected […]
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