Stocks fell after JPMorgan Chase CEO warns of recession, Cathie Wood warns Fed it’s raising rates too high and risking economic “bust,” California accuses oil industry of price gouging, PayPal stocks drop after policy gaffe, and more financial news. Stocks dip after JPMorgan Chase CEO points to global recession Stocks …
Read MoreAverage US gas prices are nearing $4 a gallon, while stocks make 4th straight decline. Costco is focusing on lowering prices, even as Whole Foods raises prices. Amazon is investing in an electric fleet in Europe, plus more financial news. Gas nearing $4 per gallon national average On Monday, the …
Read MoreUS jobs rise but below estimates, unemployment drops, Real wages lowest in 25 years, World Bank takes heat over climate, $270 trillion needed for net zero by 2050, Gates says climate change ” not solvable,” and more financial news. Jobs rise but below expectation, and unemployment drops The latest jobs …
Read MoreGas prices are already climbing as OPEC+ announces a cut to oil production. Stocks dip slightly after a two-day surge, while investors and analysts warn of rising market stress. WTO slashes 2023 global trade forecast, and more financial news. Higher gas prices looming as OPEC+ to cut oil production Higher …
Read MoreElon Musk offers to complete his original $44 billion Twitter deal, America’s national debt surpasses $31 trillion, US mortgage rates reach highest in 16 years, Micron to open largest US semiconductor facility, and more financial news. Elon Musk offers to complete original $44 billion Twitter deal Elon Musk has reversed …
Read MoreCEOs are preparing for recession, and one risk management expert says it could be the worst in recent history. How many more times will the Fed raise interest rates? The SSA is poised to announce the largest COLA ever, plus more financial news. Stocks rally in October kickoff October kicked …
Read MoreSEC fines Kim Kardashian $1.2M over crypto, Credit Suisse hits record low, five red flags of global recession, NFT sales down 60% from Q2, and more financial news. SEC fines Kim Kardashian $1.2M over crypto The Securities and Exchange Commission on Monday fined reality TV star and brand influencer Kim …
Read MoreThe Fed’s vice chair issues a warning over premature rate cuts. Amazon’s latest move could be a game-changer for crypto. The Senate is weighing limiting investments in Chinese high-tech, while NY bans gas vehicles, and more financial news. Fed’s vice chair Brainard issues warning on premature rate cuts Federal Reserve …
Read MoreExperts warn rents will climb in 2023, Biden tells oil companies not to use the hurricane to price gouge, and China’s yuan plunges near record lows against the dollar. Plus, is the global recession the fault of the United States? Experts warn rents will climb in 2023 Median rents in …
Read MoreT-bills briefly topped 4%–is it time to cash in? Wall Street and Asian markets drop, Ford invests $700 million in new Kentucky plant, Yellen says Inflation Act aimed at climate issues, and more financial news. T-bills top 4%, time to cash in? The 10-year and 1-year Treasury bills topped 4% …
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