Federal Reserve Chairman Jerome Powell has begun talking about a “softish landing” for the economy as the central bank squares off against high inflation by raising rates and cutting its nearly $9 trillion balance sheet. But what if Powell instead retraces the policy steps of former Fed Chair...
Is that all there is? U.S. stocks were back on the downswing in a big way Wednesday, ,more than erasing the previous sessions rally and underlining warnings from some market veterans that sharp rebounds in what has so far been a down year for equities may be little more...
It’s a point of pride for the chief executive of Playboy parent PLBY Group Inc. to recall the role the company played in advocating for and funding the battle for abortion rights in the U.S. — and the letter it received from one Ruth Bader Ginsburg in August 1973....
Just hours after the official U.S. COVID-19 death toll passed the one million mark, the White House is planning to hold its first coronavirus briefing in six weeks and the first to be led by new COVID response coordinator Dr. Ashish Jha. The briefing is scheduled for 10:45 a.m....
Shares of Advanced Micro Devices Inc. were headed higher in Tuesday morning trading after an analyst flipped to a bullish stance on the chip company, citing some long-held investment maxims. “There are two old sayings in the investment world: 1) ‘You cannot time the market, so do not...
The Securities and Exchange Commission has decided to allow Amazon.com Inc.’s AMZN, +4.11% shareholders to vote on a proposal requiring the company to prepare a report assessing the extent to which the company’s current retirement plan investment options align with its corporate climate action goals. This proposal is being...
Shares of e-commerce company JD.com fell in early Asian trade after analysts cut target prices amid guidance for softer second-quarter demand, largely due to the effects of pandemic-related lockdowns in China. JD.com’s Hong Kong-listed shares 9618, -1.21% JD, +4.15% fell as much as 4.5% to 205.20 Hong Kong dollars...
Dear Quentin, I am 33 years old, I currently make just over $120,000 a year, including an annual bonus, and my company has gifted me with around $300,000 in equity in the firm, although our stock is brand new, so it is constantly swinging up and down. I put...
Remote work has played a big part in the rise in house prices in the U.S. during the first two years of the pandemic, but just how much? Many fortunate people have had the freedom to live wherever they choose during the pandemic. John Mondragon, an economist at the...
Federal Reserve Bank of Chicago President Charles Evans said Tuesday that aggressive central bank rate rises are needed to get inflation back under control. “Inflation is clearly much too high and monetary policy must be repositioned to address this,” Evans said in a speech in New York. While...