Ex-OpenSea manager sentenced to 3 months in prison for NFT insider trading
By Jody Godoy A U.S. judge sentenced a former product manager at OpenSea, the world's largest marketplace for
2023-08-23 04:29
Will Chinese deflation help cure the West's inflation problem?
The Chinese economy has hit a rough patch. That might be the catalyst needed to finally cure the West of its inflationary woes.
2023-08-22 19:59
Is David Solomon on his way out at Goldman Sachs? The CEO whisperer weighs in
David Solomon, CEO and president of Goldman Sachs, is getting bad press — a lot of bad press.
2023-08-21 20:19
Analysis-China LNG buyers expand trading after adding more US, Qatari contracts
By Chen Aizhu, Emily Chow and Marwa Rashad SINGAPORE/LONDON China's liquefied natural (LNG) gas importers are starting up
2023-08-21 13:51
Why are Treasury yields so high and what does it mean for you?
US Treasury rates are white hot. That's bad news for stocks and anyone planning to buy a home.
2023-08-18 20:54
What are 'Big Short' Michael Burry and Warren Buffett seeing that we aren't?
The S&P 500 index is up nearly 17% year to date, and the Nasdaq composite is more than 30% higher. Americans keep spending money, unemployment is low, the Federal Reserve may soon pause its painful interest rate hikes as inflation rates steadily — albeit slowly — come down.
2023-08-16 21:20
Retail earnings this week could say a lot about the state of America's economy
Earnings season continues this week with Target, Walmart, TJ Maxx parent company TJX and other high-profile retailers set to release their quarterly results.
2023-08-15 19:25
Does it matter to stocks whether the Federal Reserve hikes or pauses rates in September?
After the Federal Reserve raised interest rates in July to the highest level in 22 years, Wall Street's focus is on whether September will bring another rate hike.
2023-08-14 19:16
Don't be fooled by rising consumer price data, take a peek behind the numbers
US consumer prices rose 3.2% for the 12 months ending in July, according to the latest Consumer Price Index, which landed Thursday. That compares to 3% in June.
2023-08-11 19:59
It's not the 1970s but stagflation is back in the picture
For the past two years, economists have been worrying about the risks of high inflation rates. But far less attention has been given to inflation's sibling: stagflation.
2023-08-10 19:28
What does Moody's downgrade mean for markets?
Moody's on Monday evening downgraded 10 US banks and put the credit ratings of six others on review, an indication that the agency could also eventually downgrade those institutions.
2023-08-09 19:59
Here's what CEOs are saying about consumer spending
Consumer resilience has helped keep the economy strong through the Federal Reserve's interest rate hiking cycle. But is that strength holding, or is it faltering?
2023-08-08 19:17