Dow dives 800 points, S&P 500 posts worst week since January after inflation hits 40-year high
Stocks dropped sharply on Friday after a highly anticipated inflation report showed a faster-than-expected rise in prices and consumer sentiment hit a record low. The...
Consumer price index May 2022:
Inflation accelerated further in May, with prices rising 8.6% from a year ago for the fastest increase since December 1981, the Bureau of Labor Statistics...
Yellen says the administration is fighting inflation, admits she was wrong that it was ‘transitory’
Treasury Secretary Janet Yellen emphasized that the White House has several strategies ready to go that will reduce an inflation burden she conceded is too...
Dow falls about 200 points to start June, as worries mount over economic growth
U.S. stocks pulled back Wednesday amid worries about the health of the economy, as Wall Street turned the page to another month following a volatile...
Jamie Dimon says ‘brace yourself’ for an economic hurricane caused by the Fed and Ukraine war
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020....
Americans worried about the economy before inflation, Fed survey shows
A man shops for meat at a Safeway grocery store in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as...
S&P 500 falls again on Thursday, inching closer to bear market territory
The S&P 500 fell Thursday as the benchmark inched closer to a bear market. Investors continued to dump equities on fears Federal Reserve rate hikes...
Stocks close flat in wild session Friday that saw the S&P 500 briefly fall into a bear market
Rising recession fears pushed U.S. stocks briefly into a bear market on Friday with the S&P 500’s decline from its all-time high in January reaching...
Dow drops 1,100 points for its biggest decline since 2020 as the sell-off this year on Wall Street intensifies
The Dow Jones Industrial Average posted its biggest loss since 2020 on Wednesday after another major retailer warned of rising cost pressures, confirming investors’ worst...
California’s gas average tops $6 per gallon as nationwide prices surge
High gas prices at stations in Garden Grove, California, on Monday, March 7, 2022. Jeff Gritchen | Medianews Group | Getty Images California’s state average...