Economy (original) (raw)

Federal Reserve Jerome Powell Lead

Economy

Goldman Sachs shifts view on economy, Fed rate cuts

The Federal Reserve slashed interest rates by 0.5 percentage point last week.

An airplane is seen flying over clouds with the sun behind it. -lead

Travel

DLAKFMSSCGLF

Another regional airline risked bankruptcy over rising debt

THUMB Retail JS 091522

Retail

Retail sales grow, but one issue poses major economic threat

JP Morgan Lost These Top 6 Executives Probably Because CEO Jamie Dimon Isn't Retiring Anytime Soon

Economy

JP Morgan's Jamie Dimon offers surprising view on economy

A pedestrian pass in front of Coach Inc. handbags displayed in the shop window at one of the company's locations in New York, U.S., on Tuesday, April 23, 2013. Coach Inc., the largest U.S. luxury handbag maker, reported fiscal third-quarter profit that beat analysts' estimates, helped by demand in North America, and said it may sell its Reed Krakoff brand. The shares jumped. Photographer: Scott Eells/Bloomberg via Getty Images

Retail

TPRCPRIPPRUF

FTC trial against $8.5 billion U.S. luxury merger heats up

Two U.S. luxury houses and the FTC are set to battle in court to reach a final decision that will change the market.

By Fernanda Tronco

Sep 22, 2024 8:33 AM EDT

A Nike logo hangs on a wall outside a store in Toronto, Canada.

Retail

NKEAAPLIYY

Nike shares swoosh higher after new CEO is named

The Dow component has been a weak performer in 2024.

By Charley Blaine

Sep 19, 2024 7:43 PM EDT

WASHINGTON, DC - JULY 31: Federal Reserve Chairman Jerome Powell takes a question from a reporter at a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on July 31, 2024 in Washington, DC. Powell spoke to members of the media after the Federal Reserve held short-term interest rates where they are with broad expectations that the rate with drop in September. (Photo by Andrew Harnik/Getty Images)

Economy

^IN

Stocks set for big Fed boost after summer rate cut rethink

If a week is a long time in politics, a summer is a geological age for the Fed.

By Martin Baccardax

Sep 19, 2024 10:57 AM EDT

WASHINGTON, DC - SEPTEMBER 18: Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. The Federal Reserve announced today that they will cut the central bank’s benchmark interest rate by 50 basis points to a new range of 4.75%-5%. (Photo by Anna Moneymaker/Getty Images)

Economy

ITBLENPHM

Mortgage rates, already down, are headed lower

Here is what's ahead for homeowners and buyers after the Federal Reserve's rate-cut decision.

By Charley Blaine

Sep 18, 2024 8:00 PM EDT

CHICAGO, ILLINOIS - JUNE 12: Traders work in the S&P options pit at the Cboe Global Markets exchange as Federal Reserve Chair Jerome Powell prepares to speak on June 12, 2024 in Chicago, Illinois. The Federal Reserve today held interest rates steady at their current range of 5.25% to 5.5%, but revised its outlook for rate cuts to just one in 2024. (Photo by Scott Olson/Getty Images)

Economy

^IN

Fed delivers on big rate cut, signals focus on cooling job market

The Fed's first rate cut in four years was a big one. And there's more to come.

By Martin Baccardax

Sep 18, 2024 2:59 PM EDT

A barista performs latte art skills on a cappuccino during the 39th International trade Show of Artisan Gelato (ice cream), Pastry, Bakery and Coffe World (SIGEP) in Rimini, on January 21, 2018. / AFP PHOTO / Andreas SOLARO (Photo credit should read ANDREAS SOLARO/AFP via Getty Images)

Retail

SBUX

No, you're not going to pay $10 for a cup of coffee. Here's why

Coffee prices have been soaring in the futures market but aren't yet pushing latte prices higher.

By Charley Blaine

Sep 18, 2024 10:03 AM EDT

MADRID, SPAIN - NOVEMBER 24: A person carries several shopping bags during Black Friday, on 24 November, 2023 in Madrid, Spain. This year, the forecast for Spanish spending on Black Friday is 6% higher than last year's spending. In addition to discounts in stores, on the occasion of this day the Madrid City Council has put free buses in the city to encourage shoppers to travel by public transport. Yesterday, the day before the Black Friday sales campaign, Bizum and ATMs throughout Spain gave failures due to a fall of the Redsys payment system, the virtual payment platform that acts as an intermediary. This is the second time this has happened, since last Saturday, November 18, Bizum suffered its first crash. (Photo By Eduardo Parra/Europa Press via Getty Images)

Economy

^IN

Retail sales gains may test bets on big Fed rate cut

Summer spending held up well despite a cooling labor market, suggesting a resilient U.S. consumer heading into the autumn months.

By Martin Baccardax

Sep 17, 2024 9:07 AM EDT

Jerome Powell, chairman of the US Federal Reserve, during the Macroeconomics and Monetary Policy Conference at the Federal Reserve Bank of San Francisco in San Francisco, California, US, on Friday, March 29, 2024. Inflation has slowed substantially since peaking in mid-2022, but the rapid progress seen late last year back toward 2% has seemingly hit a roadblock. Photographer: David Paul Morris/Bloomberg via Getty Images

INVESTING

Former Fed official unveils bold Fed rate prediction for this week

Federal Reserve officials meet Tuesday and Wednesday to discuss policy.

By Dan Weil

Sep 16, 2024 7:37 PM EDT

NEW YORK, NEW YORK - OCTOBER 13: Traders work on the floor of the New York Stock Exchange during afternoon trading on October 13, 2022 in New York City. U.S. stocks rose dramatically after falling to their lowest levels since 2020, recovering from a 500-point drop earlier in the day. (Photo by Michael M. Santiago/Getty Images)

Economy

^IN

The Fed Dot Plot is more important than a rate cut today

The most important Fed number won't be the size of the rate cut

By Martin Baccardax

Sep 18, 2024 10:26 AM EDT

Woo Hoo! This is the Year You May Actually Get a Fatter Paycheck

VIDEO

It's time to ask your boss for more money

A new survey revealed that employees at big corporations are set to see an average pay increase of 3.9% next year.

By Ross Kohan, Conway G. Gittens and Daniel Kuhn

Sep 17, 2024 12:58 PM EDT

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