U.S. Economy

Central banks need to put rates into the ‘pain zone’ — but the Fed won’t do it, fund manager says
LONDON — Overcoming doggedly high inflation requires interest rates to be pushed into the “pain zone.” But whether any central bank has the nerve to do it is the question, according to investment manager Man Group. “To actually fight inflation will require a central bank to show that they’re willing to put rates into the […]
Read More
Three reasons why this struggling fintech stock may break out of its slump
PayPal tumbled 16% this week, but one top analyst is making a bullish long-term case for the struggling stock. The company’s underperformance follows leadership uncertainty. PayPal’s chief financial officer, John Rainey, announced last week he’ll leave the company in late May. Yet, Bruderman Asset Management’s Akshata Bailkeri made an optimistic case for PayPal on CNBC’s […]
Read More
Covid was the third leading cause of death in the U.S. last year, with only heart disease and cancer killing more
Covid-19 was the third leading cause of death in the U.S. last year, with only heart disease and cancer killing more people, according to data released Friday by the Centers for Disease Control and Prevention. Covid killed more than 415,000 people in 2021 and contributed to the deaths of 45,000 more people, about 20% more […]
Read More
Cuts to unemployment benefits didn’t spur jobs, says report
A “We’re Hiring” sign hangs on the front door of a toy store in Greenvale, New York, on Sept. 30, 2021. John Paraskevas/Newsday RM via Getty Images State cuts to pandemic unemployment benefits last summer had a small impact on hiring, suggesting enhanced funding for the unemployed didn’t play a big role in labor shortages, […]
Read More
It’s the French election this weekend — here’s what Wall Street expects to happen
As French voters head to the polls Sunday, Wall Street is forecasting market upset if far-right candidate Marine Le Pen proves victorious. Timothy A. Clary | Afp | Getty Images French voters head to the polls on Sunday to cast their ballots in the final round of a close presidential race between incumbent Emmanuel Macron […]
Read More
White House sees strong GDP growth in 2022 despite inflation risks
The White House sees more risks to U.S. economic activity in the months ahead thanks to rising prices and Russia’s invasion of Ukraine, but still expects healthy GDP growth in 2022. A senior administration official told CNBC that the recent rise in energy and food prices — caused in large part by Moscow’s attack on […]
Read More
CDC panel skeptical of fourth Covid shots for broader population, says U.S. needs clear vaccine strategy
Registered Nurse Orlyn Grace (R) administers a COVID-19 booster vaccination to Diane Cowdrey (L) at a COVID-19 vaccination clinic on April 06, 2022 in San Rafael, California. Justin Sullivan | Getty Images The CDC’s panel of independent vaccine experts signaled an unwillingness to endorse fourth Covid shots for the broader U.S. population until the agency […]
Read More
As the dollar jumps to two-year highs, the ‘Fast Money’ traders deliver winners and losers
Wall Street may be underestimating the dollar’s jump to two year highs. “With each passing day the dollar goes higher. That creates more of a headwind for the multinationals in the market in general,” “Fast Money” trader Guy Adami said on Tuesday. “A stronger dollar, as counterintuitive as it may be, is not good for […]
Read More
Novavax says vaccine targeting Covid and flu shows promising results in early data
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images Novavax on Wednesday said its vaccine targeting both Covid-19 and the flu triggered an immune response similar to its […]
Read More
Philadelphia keeps indoor mask mandate in place despite Florida judge ruling against CDC
A shopper wearing a protective mask as a precaution against the spread of the coronavirus selects fruit at the Reading Terminal Market in Philadelphia. Matt Rourke | AP Philadelphia health officials are keeping the city’s newly reinstated indoor mask mandate in place despite a federal judge’s ruling in Florida that struck down a federal requirement […]
Read More