Economy
U.S. airline bookings slipped again in May with fares 30% higher than 2019
Travelers walk through Terminal A at Orlando International Airport on Christmas Day, Saturday, December 25, 2021. Stephen M. Dowell | Orlando Sentinel | Getty Images U.S. airline bookings slipped 2.3% in May from a month earlier, the second consecutive monthly drop this year, while fares soared over 2019 levels, according to an Adobe report published […]
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5 things to know before the stock market opens Tuesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to rise after S&P 500 officially closed in bear market Traders on the floor of the NYSE, June 13, 2022. Source: NYSE U.S. stock futures bounced after Tuesday’s cooler inflation report and what could […]
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1980s-era rate hikes designed to fight inflation will create more market turmoil, Canaccord’s Tony Dwyer predicts
Stocks may go into a deeper tailspin. Canaccord Genuity’s Tony Dwyer predicts 1980s-era interest rate hikes will exacerbate the turmoil and make a recession seem increasingly more likely. “Typically, I’ve been bullish over the years. But there’s a money availability problem,” the firm’s chief market strategist told CNBC’s “Fast Money” on Monday. “Ultimately, you have […]
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Stock futures rise after the S&P 500 closes in an official bear market
U.S. stock futures rose on Monday night after the S&P 500 dropped back into bear market territory ahead of the Federal Reserve’s two-day policy meeting this week. Dow Jones Industrial Average futures rose by 94 points, or 0.3%. S&P 500 and Nasdaq 100 futures climbed 0.4% and about 0.6%, respectively. Those moves came after intense […]
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Fed reportedly considering hiking interest rates by three-quarters of a point this week
The Marriner S. Eccles Federal Reserve building in Washington, DC, on January 25, 2022. Stefani Reynolds | AFP | Getty Images Markets are beginning to anticipate an even faster pace of interest rate hikes, and Federal Reserve officials apparently are contemplating the possibility as well. Central bank policymakers are entertaining the idea of a 75 […]
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American Airlines regional carriers hike pilot pay more than 50% as shortage persists
American Airlines Embraer ERJ-145 regional jet aircraft as seen on final approach landing at New York JFK international airport in NY, on February 13, 2020. Nicolas Economou | Nurphoto | Getty Images Two American Airlines-owned regional carriers will hike pilot pay by 50% through the end of August 2024, the latest sign airlines are willing […]
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Binance pauses bitcoin withdrawals due to a ‘stuck transaction’ as crypto sell-off deepens
The logo of cryptocurrency exchange Binance displayed on a smartphone with the word “cancelled” on a computer screen in the background. Budrul Chukrut | SOPA Images | LightRocket via Getty Images Binance said Monday that it is temporarily pausing bitcoin withdrawals “due to a stuck transaction causing a backlog.” At first, Binance founder and CEO […]
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5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures plunge, with S&P 500 poised to fall back into a bear market Traders work on the floor of the New York Stock Exchange (NYSE) on June 10, 2022 in New York City. Spencer Platt | Getty […]
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Europe’s fear gauge just hit its highest level since May 2020
Italian borrowing costs are surging at a time when consumers are turning more worried about the cost of living crisis. Stefano Guidi | Getty Images News | Getty Images A measure known as Europe’s fear gauge has hit its highest level since the coronavirus outbreak, in what could spell out further economic pain for Italy […]
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The California exodus continues as residents head south of the border
More than 360,000 people left California in 2021, in what some are calling “The California Exodus” — many leaving for states like Texas, Arizona and Washington. And a rising number of former Californians are migrating out of the country altogether and are instead heading south of the border. Many are seeking a more relaxed and […]
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