Stock futures are little changed ahead of key inflation data
A trader works on the floor of the New York Stock Exchange (NYSE) December 9, 2021. Brendan McDermid | Reuters Stock futures opened little changed on Thursday after investors pulled back from the market rebound earlier in the week and...
Investors brace for the highest inflation reading in nearly 40 years
Gabriela Chirinos pumps gas into her vehicle at a Shell station on November 22, 2021 in Miami, Florida. Joe Raedle | Getty Images If the consensus is correct, the last time inflation was this high was in the early years...
Powell’s fourth major shift raises questions about the Fed’s policy credibility
Jerome Powell, chairman of the U.S. Federal Reserve, speaks in the Eisenhower Executive Office Building in Washington, D.C., U.S., on Monday, Nov. 22, 2021. Samuel Corum | Bloomberg | Getty Images If the Federal Reserve meets expectations next week and...
Weekly jobless claims fall to 184,000, the lowest level in more than 52 years
Weekly jobless claims tumbled last week, reaching a fresh 52-year low as the U.S. jobs market climbs out of its pandemic-era hole, the Labor Department reported Thursday. Initial filings for unemployment insurance totaled 184,000 for the week ended Dec. 4,...
Stocks making the biggest moves premarket: CVS, Hormel, RH, GameStop and others
Check out the companies making headlines before the bell: CVS Health (CVS) – The drug store operator issued new guidance ahead of its investor day, saying it expects a 2022 adjusted profit of $8.10 to $8.30 per share compared with...
The ‘Great Resignation’ slowed down in October, while job openings jumped
A help wanted sign is posted in the window of hardware store on September 16, 2021 in San Francisco, California. Justin Sullivan | Getty Images The so-called Great Resignation lost some steam in October, with the total number of workers...
Stocks making the biggest moves after hours: GameStop, Lucid Group, RH & more
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images Check out the companies making headlines in after-hours trading: GameStop — Shares of the video game retailer...
Americans plan robust spending this holiday season, but worry about inflation, supply bottlenecks
Shoppers at the King of Prussia mall in King of Prussia, Pennsylvania, on Saturday, Dec. 4, 2021. Hannah Beier | Bloomberg | Getty Images Americans plan to spend with gusto this holiday season despite concerns about the economy and inflation...
Visa launches crypto consulting services in push for mainstream adoption
The Visa logo seen displayed on a smartphone with a bitcoin logo in the background. Rafael Henrique | SOPA Images | LightRocket | Getty Images Visa is launching new consulting and advisory services to help its clients navigate the world...
Labor productivity rate falls at the fastest pace since 1960
Labor productivity fell at the fastest rate in more than 60 years in the third quarter, according to a Labor Department report Tuesday. A measure of output versus energy, nonfarm business sector productivity declined 5.2% from the previous three-month period,...