Are we in a recession? It doesn’t matter, Fed official says: ‘I’m focused on the inflation data’
Neel Kashkari, Minneapolis Federal Reserve Brendan McDermid | Reuters If you’re debating whether or not the U.S. is in a recession, you’re asking the wrong question, according to a top Federal Reserve official. “Whether we are technically in a recession...
Stocks making the biggest moves midday: Roku, Amazon, First Solar, Intel, Apple & more
People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making...
Stocks making the biggest moves in the premarket: Amazon, Roku, Intel, Chevron and more
Take a look at some of the biggest movers in the premarket: Amazon.com (AMZN) – Amazon shares rallied 12.5% in premarket trading after it posted better-than-expected quarterly revenue and issued an upbeat outlook. Amazon logged an overall quarterly loss, owing...
Biden-Xi make plans to meet in person, U.S. official says — and China’s leader has strong words on Taiwan
U.S. President Joe Biden and Chinese President Xi Jinping held a phone call Thursday. Pictured here is their virtual meeting on Nov. 15, 2021. Mandel Ngan | Afp | Getty Images BEIJING — U.S. President Joe Biden and Chinese President...
Here’s how to know if we’re in a recession, and it’s not what you think
Everyone who cares knows that recessions happen when there are two consecutive quarters of negative growth — everyone, that is, except for the people who actually decide when the economy is in recession. For those folks, at the National Bureau...
Jobless claims rise again in another sign that labor market is cooling
A woman walks in front of a store on February 22, 2021, in New York City. John Smith | Corbis News | Getty Images Initial jobless claims hit their highest level since mid-November last week, the latest sign that a...
Yellen says the U.S. and its allies should use ‘friend-shoring’ to give supply chains a boost
U.S. Treasury Secretary Janet Yellen (pictured here at a news conference, ahead of the G-20 meeting in Bali on July 14), said supply chain resilience is a key focus of the Biden-Harris administration. Made Nagi | Reuters U.S. Treasury Secretary...
Stocks making the biggest moves midday: Citigroup, Wells Fargo, Pinterest and more
Citigroup offices in New York City. Adam Jeffery | CNBC Check out the companies making headlines in midday trading. Pinterest — Shares of the image-sharing social media company surged 16.2% on a report from the Wall Street Journal that Elliott...
Investing on the graveyard shift: Two new ETFs look to capture the ‘night effect’
NightShares 500 and NightShares 2000 are doing something no ETF has done before. Signal2frex feedbacks
Goldman Sachs hires Alphabet tech incubator CEO Jared Cohen for new innovation group
Jared Cohen Anjali Sundaram | CNBC Goldman Sachs CEO David Solomon has hired another senior executive from the technology sector. The investment bank is adding Alphabet’s Jared Cohen, a protege of former Google CEO Eric Schmidt and founder of Jigsaw,...