Despite positive inflation data this week, Richmond Fed President Thomas Barkin said on Friday that more…
Category: Economy
Economic contraction of 0.1% in the second quarter
Shoppers walking in the rain on Oxford Street, London. Tolga Akmen/AFP/Getty Images The UK economy contracted…
Rivian lost $1.71 billion and delivered 4,467 vehicles in the second quarter of 2022
Rivian, the bustling electric car company backed by Ford and Amazon, posted a net loss of…
Mortgage rates rise above 5% again
The 30-year fixed-rate mortgage averaged 5.22% in the week ending August 11, up from 4.99% the…
Dow futures rose after market rally on Wednesday
Dow futures rose early Thursday after all major averages posted sharp gains on the back of…
Wall Street rally lifts Nasdaq 20% from low as inflation fears recede
The Fed has now seen a 50 basis point rise in September US consumer price growth…
Musk sells $6.9 billion worth of Tesla shares as Twitter deal likely forced
August 10 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk has sold $6.9 billion worth of…
Stock futures stabilize as investors prepare for July inflation report
European stocks were mixed ahead of the headline inflation reading in the US; Ahold Delhaize up…
Dow futures: Inflation report due as market rally hits resistance; Trade office rises at guidance
Dow futures rose overnight, along with S&P 500 and Nasdaq futures, with the July inflation report…
Tech stocks drag market lower as investors await inflation data
US stock indexes fell on Tuesday as investors watched earnings reports and economic data ahead of…