Economics Archives - Page 244 of 276

2 minute read

Larry Summers Backs Fed Moves, Urges Caution In US Diplomacy: ‘Not For Us To Tell China How They Should Organize Their Society’

November 20, 10:05 PM

Former Treasury Secretary Lawrence H. Summers believes the U.S. Federal Reserve is on the right path in its fight against inflation.

BND

3 minute read

Nasdaq, S&P 500 Futures Fight Back As Earnings Lend Support; Nvidia, Alibaba, Palo Alto Networks, Retailers In Focus

By Shanthi Rexaline

November 18, 6:54 AM

The U.S. index futures point to a higher opening by Wall Street stocks on Friday, as traders look to close out a see-sawing trading week on an upbeat note.

AMAT

3 minute read

US Stocks On Track For Lackluster Start On Data-Heavy Thursday — Retail Earnings, Cisco, Nvidia, Alibaba In Focus

By Shanthi Rexaline

November 17, 6:51 AM

The index futures point to a nervous start by Wall Street stocks on Thursday, as the inflation-induced euphoria fades and traders turn their focus back to the Fed and the rate outlook.

AMAT

2 minute read

Larry Summers Considers Debt Limit ‘Much More Serious Risk’ Amid Rising Interest Rates, Divided Congress

By Bhavik Nair

November 16, 9:41 PM

Former Treasury Secretary Lawrence H. Summers believes the debt limit terror is a very serious threat in the backdrop of the current political scenario. “Debt limit terror is a much more serious risk in the context of rising interest rates, Treasury market illiquidity and increased foreign holdings of U.S. securities,” Summers said.

BND

1 minute read

U.S. Crude Stockpiles In Strategic Petroleum Reserve Fell In Latest Week To Lowest Since March 1984

By Benzinga Newsdesk

November 16, 11:36 AM

- Reuters Citing EIA

SPY

2 minute read

Jeff Bezos Says Don’t Buy That New TV, Save Your Money Instead: Here’s Why

By AJ Fabino

November 15, 6:03 PM

Billionaire Jeff Bezos is warning small businesses and consumers to keep “dry powder” on hand, and take some risk off of the table if the economy takes a plunge next year.

AMZN

2 minute read

Fed Officials Thought Americans Had Trillions In Excess Savings, New Data Shows They Were Wrong

By AJ Fabino

November 15, 3:41 PM

It seems the strong consumer demand born out of a stay-at-home stimulus-laden pandemic environment is continuing into the end of 2022, and probably 2023 as Federal Reserve data issued Tuesday shows a sharp rise in

SPY

1 minute read

Why Alibaba, JD And Pinduoduo Are Shooting Higher In Premarket Today

By Shanthi Rexaline

November 15, 7:27 AM

Alibaba Group Holding Inc. (NYSE: BABA), JD.com Inc. (NASDAQ: JD) and Pinduoduo Inc.

BABA

3 minute read

Nasdaq, S&P 500 Futures Skyrocket After Tamer PPI Data That Confirms Slowing Inflation, Walmart’s Beat-And-Raise Q3

By Shanthi Rexaline

November 15, 6:39 AM

The index futures are solidly higher in premarket trading on Tuesday, as stocks strive to return to winning ways amid lingering hopes of a Fed pause.

AAP

2 minute read

Recession Is ‘Price We Pay’ For Misreading Inflationary Pressures, Says Singapore Senior Minister

By Bhavik Nair

November 15, 2:33 AM

Singapore’s Senior Minister Tharman Shanmugaratnam said on Tuesday that recession is the “price we pay” for misreading inflationary pressures and the ongoing spell of weakness in the global economy was due to central banks worldwide over-betting

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