updated August 12, 2022 at 7:20 PM EST|published August 11, 2022 at 6:00 AM EST Effective…
Category: Economy
Fed’s Barkin says interest rate increases should continue until inflation holds at 2%
Despite positive inflation data this week, Richmond Fed President Thomas Barkin said on Friday that more…
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…