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“Inflation always hits the lower-income cohorts hardest and first,” and the latest retail results show how that's playing out, one expert says. → Read More
Though he led the Fed as it staved off a pandemic-induced economic depression, Powell has been criticized over policy choices as inflation spiked to the highest level in 40 years this spring. → Read More
The price of Terra’s luna token collapsed to less than a penny on Thursday after trading at about $80 just one week ago. → Read More
Coinbase stock hit a record low after management revealed the firm’s first net loss as a publicly traded company. → Read More
Fueled by record gas prices, inflation has been running at the hottest level in 40 years, but new data shows the worst may be over. → Read More
Shares of Palantir, which specializes in military software, plunged to a record low on Monday as CEO Alex Karp warned that the risk of nuclear war is “so much more” than the public has been told. → Read More
Job gains in April surpassed the roughly 400,000 new jobs economists had forecast. → Read More
The Federal Reserve on Wednesday authorized the biggest interest rate hike in 22 years—doubling down on a policy that's already driving up borrowing costs. → Read More
The Federal Reserve on Wednesday raised interest rates by 50 basis points—the most since May 2000. → Read More
One analyst worries inflation will force the Fed to hike rates “until it hurts,” pushing the economy into a recession. → Read More
Shares of Amazon have plummeted more than 30% from an all-time high set last year. → Read More
Shares of Amazon have plummeted more than 30% from an all-time high set last year. → Read More
One closely watched inflation indicator just fell for the first time since October 2020. → Read More
After skyrocketing 150% in 2020, Ark's flagship fund has plunged nearly 70% from an all-time high last year. → Read More
The government blamed the unexpected decline on the omicron variant of Covid-19 and decreased government assistance. → Read More
"Tesla shareholders can’t be happy" about the Twitter deal potentially diverting Elon Musk's attention, one analyst says. → Read More
The sole Democrat on the Fed’s board of governors was at one point a favorite to unseat Chair Powell. → Read More
"Tesla shareholders can’t be happy" about the Twitter deal potentially diverting Elon Musk's attention, one analyst says. → Read More
“Be careful what you wish for,” a Morgan Stanley analyst cautions of one downside to lower inflation. → Read More
The Dow posted its biggest one-day drop since October 2020 on Friday. → Read More