June 29, 2022

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3 New Articles
  • 2 hours ago Google’s Nick Fox to lead commerce business following Ready’s departure
  • 3 hours ago Supreme Court Justice Stephen Breyer will retire Thursday
  • 3 hours ago Bed Bath & Beyond, Carnival, Upstart and more
Home Tag Archives: Economy

Tag Archives: Economy

Business

Bed Bath & Beyond, Carnival, Upstart and more

By The Texas Chronicle
3 hours ago
in :  Business
0
1

A security guard stands next to a Bed Bath & Beyond sign at the entrance to a New York City store location. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Bed Bath & Beyond — Shares of the retailer plummeted about 21% after the company missed revenue estimates and posted a wider-than-expected loss in the recent quarter. …

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Business

Powell vows to prevent inflation from taking long-run hold in the U.S.

By The Texas Chronicle
4 hours ago
in :  Business
0
2

U.S. Federal Reserve Board Chair Jerome Powell testifies before a House Financial Services Committee hearing in Washington, U.S., June 23, 2022.  Mary F. Calvert | Reuters Federal Reserve Chairman Jerome Powell vowed Wednesday that policymakers would not allow inflation to take hold of the U.S. economy over the longer term. “The risk is that because of the multiplicity of shocks …

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Business

Fed’s Mester backs 75 basis point hike in July if conditions remain the same

By The Texas Chronicle
12 hours ago
in :  Business
0
4

Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the U.S. economy in New York November 18, 2015. Lucas Jackson | Reuters Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday that if economic conditions remain the same when the U.S. central bank meets to decide its next monetary policy move …

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Business

U.S., G-7 nations block gold imports from Russia in new sanctions against Putin

By The Texas Chronicle
1 day ago
in :  Business
0
3

The Treasury Department on Tuesday announced that the U.S. and a handful of key economic allies will prohibit imports of Russian gold, Moscow’s largest export outside of the energy sector. The expanded sanctions represent the latest effort by the U.S. and its Group of Seven partners to target Russian President Vladimir Putin and alienate the country’s economy from international commerce …

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Business

New G-7 infrastructure plan offers alternative to China Belt & Road

By The Texas Chronicle
2 days ago
in :  Business
0
4

The Group of 7 has announced a new infrastructure funding program that could rival China’s Belt and Road Initiative. One expert says the G-7’s plan offers hope to developing countries but it remains to be seen whether it can match the BRI. On Sunday, the U.S. and the other members of the G-7 including Canada, Germany and Japan formally launched …

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Business

5 things to know before the stock market opens Monday, June 27

By The Texas Chronicle
2 days ago
in :  Business
0
8

Here are the most important news items that investors need to start their trading day: 1. Stocks look to build off last week’s rebound A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2022.  Brendan Mcdermid | Reuters U.S. stock futures rose before the open Monday morning, as equities …

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Business

Stock futures were little changed following a major comeback week for stocks

By The Texas Chronicle
3 days ago
in :  Business
0
6

Traders on the floor of the NYSE, June 15, 2022. Source: NYSE U.S. stock futures were little changed on Sunday night following a major rebound last week from this year’s steep declines. Despite the bounce, Wall Street is preparing to wrap up the worst first half for stocks in decades. Dow Jones Industrial Average futures edged up 13 points, or …

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Business

Banking body BIS urges decisive wave of global rate hikes to stem inflation

By The Texas Chronicle
3 days ago
in :  Business
0
8

The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised “quickly and decisively” to prevent the surge in inflation turning into something even more problematic. The Swiss-based BIS has held its annual meeting in recent days, where top central bankers met to discuss their current difficulties and one of the …

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Business

Still very hot, despite isolated layoffs

By The Texas Chronicle
4 days ago
in :  Business
0
14

A ‘We’re Hiring!’ sign is displayed at a Starbucks Mario Tama | Getty Images News | Getty Images Last week, senior product manager for Coinbase David Hong wrote on LinkedIn that he was up at 4am to prepare for a meeting when his company MacBook abruptly shut down. He later found out he was part of the nearly 20% of …

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Business

Consumers grow stressed as retailers gear up for back-to-school shopping

By The Texas Chronicle
4 days ago
in :  Business
0
10

Every other week, beginning in May, Morning Consult polls consumers about back-to-school spending plans. The results of its latest survey were startling. There was a 10-point pop from the prior poll in the number of parents who say they can’t afford backpacks, notebooks, new jeans and sneakers, and other supplies. “The drop in the number of parents who feel they …

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