Could Ethereum breakaway from Bitcoin’s orbit 💰📈
It seems like the bear rally is over… for now at least. #Bitcoin #Ethereum #Crypto #Equities #Stocks #US #Investing #Trading #NYSE #NASDAQ #$BTC #$ETH
Chipotle price hikes drive profit growth – and the chain says more increases are coming
In this article CMG People visit a Chipotle restaurant on February 09, 2022 in Miami, Florida. Joe Raedle | Getty Images Chipotle Mexican Grill on Tuesday reported disappointing sales as price hikes helped boost profits but may have scared away some inflation-weary customers. “The low-income consumer definitely has pulled back their purchase frequency,” CEO Brian…
Boeing results fall short of estimates but manufacturer still expects to be cash flow positive this year
In this article BA An aerial view of Boeing 777X and Boeing 737 MAX 10 airplanes parked at King County International Airport-Boeing Field, in Seattle, Washington, June 1, 2022. Lindsey Wasson | Reuters Boeing on Wednesday stuck by its forecast to return to free cash flow in this year as it prepares to resume deliveries of its 787 Dreamliner…
Credit Suisse chairman denies plans to sell or raise capital after mammoth loss
Speculation has emerged in recent months that Credit Suisse may be considering a capital raise. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse Chairman Axel Lehmann denied any intention to sell or merge the embattled Swiss lender after it reported a massive second-quarter loss. The bank posted a net loss of 1.593…
Top Federal Reserve officials say they misread inflation and now plan to correct the course
Top officials at the Federal Reserve were seeing inflation data come in very hot for months before policymakers moved to wind down monetary policies that were stimulating the economy. A chorus of analysts, economists and former policymakers have chimed in, saying that was a mistake. “The forward guidance, overall, slowed the response to the Fed…
Telehealth expansion for Medicare enrollees would be extended under a bill poised for possible House vote
AJ Watt | Getty Images As many Medicare beneficiaries know, having a doctor’s appointment via video on a laptop or tablet became standard when the pandemic hit. That method of delivering remote care — known as telehealth — to many retirees and most people in the over-65 crowd may have some staying power, at least…
Push for Higher Taxes is Misguided During a Time of Inflation and Looming Recession
Efforts to raise taxes on corporations and high-income earners recently hit a brick wall when U.S. Senator Joe Manchin (D-WV) once again expressed concerns about inflation and a potential recession. That would seem to be the end of the story, as there is no reason to think inflation will be going away anytime soon and…
Walmart’s slashed profit outlook sends warning about state of the American consumer
A Walmart Inc. logo is displayed on a sign that reads “Everyday Low Price” at a store in Burbank, California, U.S., on Tuesday, Nov. 26, 2019. Patrick T. Fallon | Bloomberg | Getty Images Shares of retailers including Macy’s, American Eagle and Amazon fell Tuesday, a day after Walmart slashed its profit forecast and warned…
General Motors falls short of Wall Street expectations as supply chain challenges dent profit
In this article GM GM GM CEO Mary Barra talks with media prior to the start of the 2017 General Motors Company Annual Meeting of Stockholders Tuesday, June 6, 2017 at GM Global Headquarters in Detroit, Michigan. Photo by John F. Martin for GM General Motors reported second-quarter earnings Tuesday that missed Wall Street’s estimates…
Stock futures rise ahead of key Fed decision
Stock futures climbed early on Wednesday morning as traders await the Federal Reserve’s latest interest rate decision, scheduled to be announced Wednesday afternoon. Futures on the Dow Jones Industrial Average rose by 105 points, or 0.33%. S&P 500 futures gained 0.75% and Nasdaq 100 futures increased 1.35%. Shares of Enphase Energy gained about 6% after…
Student loan servicers told to hold off on sending out billing notices, a sign payment pause may be extended
Paul Bradbury | Ojo Images | Getty Images Federal student loan servicers have been told to hold off on sending out payment reminders to borrowers, according to two sources familiar with the matter. The development suggests the Biden administration could be considering extending the pandemic-era payment pause on federal student loans yet again. The policy,…
WWE at crossroads as Vince McMahon’s retirement and scandals heighten sale speculation
World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 Ethan Miller | Getty Images Entertainment | Getty Images World Wrestling Entertainment‘s annual report for 2021 lists a risk factor specifically about the…