Dogecoin rallies on Elon Musk tweet, anticipated Coinbase listing
Yuriko Nakao | Getty Images News | Getty Images Dogecoin soared early Friday after a tweet from supporter Elon Musk, and as Coinbase said it would list the meme-inspired cryptocurrency. The price of dogecoin rose to an intraday high of...
PayPal to buy online returns start-up in its latest run at the retail shopping space
The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images PayPal is making another acquisition in the e-commerce space as it moves beyond payments and into physical and online retail. The digital...
Economist calls for calm on inflation talk: ‘Everything ultimately will settle down’
A worker on an auto assembly line in Smyrna, Tennessee. Luke Sharrett/Bloomberg/Getty Images The concentration of price pressures in a handful of categories means markets shouldn’t yet be worrying about inflation after Wednesday’s U.S. surprise, economists have told CNBC. The...
Another inflation gauge comes in hot with producer prices jumping 6.2% in April from a year ago
Companies paid much higher prices to producers in April for everything from steel to meat in another sign of inflation in an economy rapidly recovering from the pandemic. The new data comes a day after a sharp gain in consumer...
Stock futures inch higher after Dow’s worst day since January
A passenger wears a protective mask at the Wall Street subway station in New York, on Monday, March 30, 2020. Michael Nagle | Bloomberg via Getty Images Futures contracts tied to the major U.S. stock indexes crept higher in the...
April’s inflation surge wasn’t as drastic as it looked, but the real test is still ahead
A woman wears a face mask while shopping for a baby shower gift during the Covid-19 pandemic, at Madison’s Niche boutique in Huntington, New York on April 21, 2021. Alejandra Villa Loarca | Newsday | Getty Images There is probably...
Investors are worried about inflation data, but economists see it as a sign of temporary growth
A Walmart worker organizes products for Christmas season at a Walmart store in Teterboro, New Jersey. Eduardo Munoz | Reuters A little inflation might not be such a bad thing, after all. With the Labor Department’s inflation report Wednesday spooking...
Household debt climbs to $14.64 trillion, due to jump in mortgages and car loans
Akapong Osotsil / EyeEm | EyeEm | Getty Images Consumer debt edged higher during the first three months of 2021, due primarily to a jump in mortgages and auto loans, the Federal Reserve reported Wednesday. Total household debt balances rose...
Thomas Peterffy says he’s worried inflation in U.S. could become an ‘unstoppable situation’
Wall Street pioneer Thomas Peterffy told CNBC on Wednesday he was concerned about the prospect of damaging inflation in the U.S., leaning on his personal experiences as a youth in Hungary after World War II. The billionaire Interactive Brokers founder...
Inflation spooks stocks and raises fear the Fed is wrong that the price spike is temporary
Traders look on as a screen shows Federal Reserve Chairman Jerome Powell’s news conference after the U.S. Federal Reserve interest rates announcement on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 31, 2019. Brendan...