Forex news, Company news, Analysis

CEO outlook dims sharply, with more than half expecting a recession ahead, survey shows

Corporate executives are taking a dim view of their prospects, with a majority now expecting a recession ahead, according to a closely watched business survey released Wednesday.The Conference Board measure ...

Households are now spending an estimated $5,000 a year on gasoline

A woman rides an electric bike past a gas station as current gasoline prices continues to climb close to record setting territory in Encinitas, California, May 9, 2022.Mike Blake | ...

Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates take their toll

Higher mortgage interest rates are hitting homebuyer affordability hard, and that is showing up in a sharp drop in mortgage applications ...

Powell says the Fed will not hesitate to keep raising rates until inflation comes down

Jerome Powell, chairman of the U.S. Federal Reserve, arrives for a Senate Banking Committee hearing in Washington, D.C., on Thursday, July 15, 2021.Al Drago | Bloomberg | Getty ImagesFederal Reserve ...

Stock futures are little changed ahead of key inflation reading

Stock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures on the Dow Jones Industrial Average shed about 15 points. S&P 500 futures were marginally ...

From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting business

Factories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site. Pictured here is an auto parts manufacturer in Suzhou that has had 478 employees on ...

Fears of a Fed mistake grow as this week’s anticipated interest rate hike looms

Jerome Powell, Chairman of the U.S. Federal Reserve, attends the National Association of Business Economicseconomic policy conference in Washington, D.C, United States on March 21, 2022.Yasin Ozturk | Anadolu Agency ...

The Federal Reserve’s fight with inflation could cool the hot labor market, risking stagflation

The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary ...

Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor’

Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a "gambling parlor."Buffett, 91, spoke at length during his annual ...

Nasdaq futures rise as market attempts comeback from April sell-off, Meta shares soar

Stock futures rose in overnight trading as the market shook off the April sell-off and investors reacted positively to earnings from Meta Platforms.Futures on the Dow Jones Industrial Average added ...

Stocks making the biggest moves midday: General Electric, Warner Bros. Discovery, UPS, 3M and more

A General Electric (GE) sign is seen at the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019.Aly Song | ReutersCheck out the companies making headlines in ...

Fed’s Mester casts doubt on the need for ‘shock’ interest rate hikes ahead

Cleveland Federal Reserve President Loretta Mester said Friday she's in favor of raising interest rates quickly to bring down inflation, but not so quickly as to disrupt the economic recovery.That ...

Powell says taming inflation ‘absolutely essential,’ and a 50 basis point hike possible for May

Federal Reserve Chairman Jerome Powell affirmed the central bank's determination to bring down inflation and said Thursday that aggressive rate hikes are possible as soon as next month."It is appropriate ...

Many factory workers in Shanghai can’t get back to work, even after Covid controls ease

BEIJING — Foreign businesses are struggling to bring workers back to factories after weeks of lockdowns in Shanghai, as the country battles its worst Covid outbreak since the pandemic began.Nearly ...

Watch Fed Chairman Jerome Powell speak live at IMF debate

[The stream is slated to start at 1 p.m. ET. Please refresh the page if you do not see a player above at that time.]Federal Reserve Chairman Jerome Powell speaks ...

Weekly jobless claims total 184,000, just above expectations in tight labor market

Initial jobless claims last week were a bit higher than expected but still reflective of a labor market where employers are loathe to fire workers.First-time claims for benefits in the ...

Fed’s Daly says the economy can handle rate hikes, but a mild recession is possible

Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic outlook, in Idaho Falls, Idaho, November 12 2018.Ann Saphir | ...

Fed’s Bostic expresses caution about the pace of interest rate hikes

Atlanta Fed President Raphael Bostic did not commit in a CNBC to interview to what pace the Fed should take in increasing benchmark rates ...

Homebuilder sentiment drops for fourth straight month, as rising rates push housing to ‘an inflection point’

A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California.David Paul Morris | Bloomberg | Getty ImagesSharply rising mortgage rates ...

Market will break out of slump due to peaking inflation, Evercore ISI predicts

The market slump may be in its final innings.According to Evercore ISI's Julian Emanuel, stocks should start grinding higher due to peaking inflation. He cites a positive trend going back ...