> economy

economy

Beyond Meat stock continues to fall after COO's arrest for biting man's nose – CNBC Television

by

Beyond Meat stock continues to fall after COO’s arrest for biting man’s nose  CNBC Television Beyond Meat COO arrested for biting man’s nose near Razorback Stadium  KNWA Beyond Meat Exec Accused of Biting Man’s Nose: Reports  Inside Edition Beyond Meat COO Doug Ramsey arrested for allegedly biting man’s nose after Arkansas college football game  CNBC Beyond Meat suspends executive … Read more

Economic stimulus should have stopped earlier to tame inflation, Bank of Canada says

by

OTTAWA – Bank of Canada deputy governor Paul Beaudry said in hindsight, governments and central banks should have withdrawn stimulus measures earlier as economies recovered from the COVID-19 pandemic, which likely would have kept a lid on inflation. In a speech at the University of Waterloo Wednesday, Beaudry said a faster global withdrawal of fiscal … Read more

Six million people to receive disability cost-of-living payment – Evening Standard

by

Six million people to receive disability cost-of-living payment  Evening Standard Six million to receive £150 cost-of-living payment  The Telegraph Thousands of Carer’s Allowance claimants will receive an extra £245 payment before Christmas  Daily Record Second £324 cost of living payment to land in bank accounts soon  Stoke-on-Trent Live View Full coverage on Google News

The Fed is now expected to keep raising rates then hold them there, CNBC survey shows

by

US Federal Reserve Chairman Jerome Powell gives a press briefing after the surprise announcement the FED will cut interest rates on March 3, 2020 in Washington, DC. Eric Baradat | AFP | Getty Images Wall Street finally looks to be embracing the idea that the Federal Reserve will hike rates into restrictive territory and stay … Read more

Sweden’s central bank launches 100 basis point rate hike

by

Sweden’s Riksbank launched a 100 basis point hike to interest rates on Tuesday as it looks to rein in inflation. Mikael Sjoberg/Bloomberg via Getty Images Sweden’s Riksbank on Tuesday launched a 100 basis point hike to interest rates, taking its main policy rate to 1.75%, as it warned that “inflation is too high.” In a … Read more

Lennar, Coinbase, Array Technologies and more

by

A worker at a Lennar home under construction. Justin Sullivan | Getty Images News | Getty Images Check out the companies making the biggest moves midday Monday: D.R. Horton, Lennar, PulteGroup — Homebuilder stocks moved higher on Monday after KeyBanc double upgraded the sector to overweight from underweight. Analyst Kenneth Zener said that homebuilders, which … Read more

Fed must take 'draconian steps' to tackle inflation – Fox Business

by

Fed must take ‘draconian steps’ to tackle inflation  Fox Business Charles Payne: This is a sad irony  Fox Business Brian Kilmeade: This would be absolutely insane  Fox Business This is just going to make inflation worse: Kristin Tate  Fox Business View Full Coverage on Google News

5 things to know before the stock market opens Monday, September 19

by

Traders on the floor of the NYSE, Sept. 14, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Bad morning for stocks U.S. equities markets were on track to open lower Monday morning, adding to the misery lingering from last week’s losses. Investors are looking … Read more

Treasury yields tick higher as traders anticipate the Fed’s next move

by

Treasury yields ticked higher early Monday as traders anticipate the U.S. Federal Reserve’s next moves in the face of persistently high inflation. The yield on the 2-year Treasury bond rose 1 basis point to trade at 3.8713% at 2:45 a.m. ET. It comes after the yield last week climbed above 3.9% — a level last … Read more

Indian tycoon Gautam Adani just booted Jeff Bezos as world’s second-richest person

by

Elon Musk, still the No. 1 wealthiest person with $260 billion to his name, may need to watch his back. Adani has taken less than 10 months to reach the No. 2 spot after starting the year in 14th. It’s the first time a person from Asia has ranked so highly on Bloomberg’s list, which … Read more