Retail sales August 2022:

Retail sales numbers were better than expected in August as price increases across a multitude of sectors offset a considerable drop in gas station receipts, the Census Bureau reported Thursday. Advance retail sales for the month increased 0.3% from July, better than the Dow Jones estimate for no change. The total is not adjusted for […]

FTX grew revenue 1,000% during the crypto craze: Leaked financials

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Jeenah Moon | Bloomberg | Getty Images FTX rode the crypto craze to a billion dollars in revenue last year while […]

Snap, American Express, Verizon, Seagate and more

Signage for Snap Inc., parent company of Snapchat, adorns the front of the New York Stock Exchange, March 2, 2017 in New York City. Getty Images Check out the companies making headlines in midday trading. American Express — Shares of the credit card company climbed 2.9% as growth in travel and entertainment spending helped American […]

Russia taking steps to annex Ukraine territory, U.S. says

Britain’s Ministry of Defense has said that Russian forces, having seized the Luhansk province in the Donbas after weeks of intense shelling, are likely to employ the same tactics to seize Donetsk Scott Olson | Getty Images WASHINGTON – The White House said Tuesday that it has intelligence to indicate Russia is taking steps to […]

Fed likely to hike rates three-quarters of a point due to new economic signals

Faced with a slowing economy and inflation that is showing signs of at least topping if not retreating, the Federal Reserve next week likely will raise interest rates by three-quarters of a percentage point. For a brief period last week, markets had flirted with the idea of the central bank deciding on a full percentage […]

S&P 500 futures edge lower ahead of kickoff to earnings season

Traders on the floor of the NYSE, June 24, 2022. Source: NYSE U.S. equities futures dipped Sunday evening as Wall Street looked ahead to big company earnings reports and key inflation data, on the heels of a strong employment report. Futures tied to the Dow Jones Industrial Average slipped by 51 points, or 0.1%. S&P […]

Big payroll gains push recession fears into the corner — for now

A worker wearing a protective mask slices beef in the butcher section of a Stew Leonard’s supermarket in Paramus, New Jersey, on Tuesday, May 12, 2020. Angus Mordant | Bloomberg | Getty Images June’s big payroll jump helped clear away some of those recession clouds for a U.S. economy that nonetheless faces some stormy weather […]

Fed minutes June 2022

Federal Reserve officials in June emphasized the need to fight inflation even if it meant slowing an economy that already appears on the brink of a recession, according to meeting minutes released Wednesday. Members said the July meeting likely also would see another 50- or 75-basis point move. A basis point is one one-hundredth of […]

S&P 500 futures are little changed after a late day rally and ahead of Fed minutes

Traders on the floor of the New York Stock Exchange, June 28, 2022. Source: NYSE U.S. equities futures were flat Tuesday night after the market staged a big midday reversal, with falling bond yields giving a boost to growth stocks, and ahead of a batch of economic data. Futures tied to the Dow Jones Industrial […]

Fed’s Mester says half-point rate hikes are needed to fight inflation

Cleveland Federal Reserve President Loretta Mester said Friday that she doesn’t see ample evidence that inflation has peaked and thus is on board with supporting a series of aggressive interest rate increases. “I think the Fed has shown that we’re in the process of recalibrating our policy to get inflation back down to our 2% […]

Stock futures are slightly higher ahead of May’s jobs report

Trader on the floor of the NYSE, June 1, 2022. Source: NYSE Stock futures rose Thursday evening as investors focus their attention on more jobs data due out Friday morning. Futures tied to the Dow Jones Industrial Average were up about 78 points. S&P 500 futures and Nasdaq 100 futures were both higher by 0.3%. […]

Stock futures are little changed as investors dwell on health of the economy

A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 18, 2022. Andrew Kelly | Reuters U.S. stock futures were flat Wednesday night as economic concerns dragged down investor sentiment. Futures tied to the Dow Jones Industrial Average edged lower by 13 points, or […]

Fed Governor Christopher Waller says he’s prepared to take rates past ‘neutral’ to fight inflation

Christopher Waller testifies before the Senate Banking, Housing and Urban Affairs Committee during a hearing on their nomination to be member-designate on the Federal Reserve Board of Governors on February 13, 2020 in Washington, DC. Sarah Silbiger | Getty Images Federal Reserve Governor Christopher Waller said Monday he sees interest rate increases continuing through the […]

Stock futures fall after Dow’s 600 point comeback

Stock futures fell in overnight trading on Monday as the markets struggled to sustain a comeback rally following weeks of losses. Futures on the Dow Jones Industrial Average fell 130 points, or 0.42%. S&P 500 futures dipped 0.89% and Nasdaq 100 futures dropped 1.6%. Zoom Video shares popped 6% in extended trading after sharing strong […]

Spirit Airlines, Eli Lilly, Signature Bank and more

Spirit Airlines planes on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Check out the companies making headlines in midday trading Monday. Spirit, JetBlue — Shares of JetBlue Airways dipped 4.7% on news that the company’s offering $30 a share to take over […]

Twitter, Affirm, Robinhood and more

Traders work on the floor of the New York Stock Exchange.  NYSE Check out the companies making headlines in midday trading. Twitter — Shares of the social media platform slid 9.7% after Elon Musk said his take-private deal is on hold until he receives more information about how many fake accounts there are on Twitter. Still, Musk […]

Feds propose first major revamp to fair housing rules since 1995

Lumber at the site of a house under construction in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, U.S., on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images Bank regulators on Thursday proposed the first sweeping changes in more than 25 years to a controversial law […]

Stock futures fall slightly after Fed induced relief rally

Stock futures fell slightly after the Federal Reserve raised rates by half a point and the major averages rallied to end the day. Futures tied to the Dow Jones Industrial Average lost 46 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures each fell 0.1%. In regular trading, the Dow Jones Industrial Average rose […]

Uber, Lyft, Airbnb, Starbucks and more

Close-up of vertical sign with logos for ride-hailing companies Uber and Lyft. Smith Collection | Gado | Getty Images Check out the companies making headlines in midday trading. Lyft — Shares of Lyft tumbled about 32% after the ride-hailing company issued disappointing guidance for the second quarter and said it would increase spending to attract more drivers, […]

Stock futures inch higher ahead of Fed’s big rate decision

Stock futures inched higher in overnight trading as investors braced for the Federal Reserve’s big interest rate decision on Wednesday, where the central bank is widely expected to hike rates by half a percentage point. Futures on the Dow Jones Industrial Average were flat. S&P 500 futures inched 0.11% higher, and Nasdaq 100 futures rose […]

Global Payments, Moderna, Activision Blizzard and more

Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, December 20, 2020. Paul Sancya | Pool | Reuters Check out the companies making headlines in midday trading Monday. Global Payments — Shares of the company sunk 9.8% despite a better-than-expected earnings report. The payments […]

Amazon, Verisign, Honeywell and more

A contractor working for Amazon.com cleans a delivery truck in Richmond, California, U.S., on Tuesday, Oct. 13, 2020. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Amazon — Shares of the e-commerce company slumped 13% after issuing weak revenue guidance for the current quarter. Amazon also […]

The Fed’s favorite inflation gauge rose 5.2% in March as worker pay fell further behind

Canned goods are displayed at a Safeway store on April 11, 2022 in San Anselmo, California. Justin Sullivan | Getty Images A measure that the Federal Reserve focuses on to gauge inflation rose in March, likely cementing the central bank’s intention to hike interest rates by half a percentage in May. The core personal consumption […]

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