Producer Price Index March 2022:
The prices that goods and services producers receive rose in March at the fastest pace since records have been kept, the Bureau of Labor Statistics...
JPM earnings 1Q 2022
Jamie Dimon, Chairman and CEO of JP Morgan Chase. Adam Jeffery | CNBC JPMorgan Chase said Wednesday that first-quarter profit fell sharply from a year...
Wells Fargo WFC earnings Q12022
Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo on Thursday reported...
Carl Icahn says there ‘very well could be a recession or even worse’
Famed investor Carl Icahn said Tuesday an economic downturn could be on the horizon and he is loaded on protection against a steep sell-off in...
Wall Street bonuses climb to record $257,500 per worker last year, New York’s fiscal chief says
People walk along Wall Street in the financial district of Manhattan on September 29, 2021 in New York City. Spencer Platt | Getty Images The...
Powell says ‘inflation is much too high’ and the Fed will take ‘necessary steps’ to address
U.S. Federal Reserve Chairman Jerome Powell addresses an online only news conference in a frame grab from U.S. Federal Reserve video broadcast from the Federal...
US jobless claims total 214,000, better than expected for tight labor market
The U.S. labor market tightened further last week, with jobless claims coming in at the lowest level since the beginning of the year, the Labor...
Federal Reserve approves first interest rate hike in more than three years, sees six more ahead
The Federal Reserve on Wednesday approved its first interest rate increase in more than three years, an incremental salvo to address spiraling inflation without torpedoing...
Russia stokes fears of first foreign currency default in more than a century
Russian Finance Minister Anton Siluanov said Wednesday it is up to the U.S. to decide whether crucial interest payments on two dollar-denominated eurobonds go through,...
A full recap of the Fed’s rate hike decision and Powell’s market-moving comments
Powell says there is ‘misalignment’ in labor market but not a wage-price spiral Powell said that the Fed doesn’t see evidence of a wage-price spiral...