With food prices so high, consumers are starting to shut their wallets and a cooling in prices have ensured. Story Published at: July 28, 2022 at 02:56AM
From avocados to coffee, some food costs are starting to ease but prices are still high
Market jump after Fed rate hike is a ‘trap,’ Morgan Stanley’s Mike Wilson warns investors
Morgan Stanley’s Mike Wilson believes stocks are on a collision course with more pain due to the economic slowdown.Story Published at: July 28, 2022 at 01:49AM
Asia-Pacific markets poised to open mixed after the Fed hikes rates
Futures in the Asia-Pacific region pointed to a mixed open on Thursday following the U.S. Federal Reserve’s decision to raise rates by 75 basis points.Story Published at: July 28, 2022 at 12:40AM
Mark Zuckerberg says economic downturn is here, so Meta must do more with less
Meta is one of several technology companies that have scaled back hiring as economic conditions, including consumer spending, have become more challenging.Story Published at: July 27, 2022 at 11:28PM
Biden’s call with Xi Jinping will focus on areas of U.S.-China cooperation, not just tension
“There’s issues where we can cooperate with China,” White House spokesman John Kirby said ahead of a high stakes call between Biden and Xi Jinping.Story Published at: July 27, 2022 at 11:20PM
Stock futures fall slightly after big Fed rally, Meta shares decline
Stock futures slipped in overnight trading in the wake of another 0.75 percentage point hike from the Federal Reserve as it attempts to quell rapid inflationStory Published at: July 27, 2022 at 11:06PM
U.S. to release 786,000 additional monkeypox vaccine doses as outbreak spreads
HHS Secretary Xavier Beccerra said the federal government will announce allocations of the 786,000 vaccine doses to local authorities on Thursday.Story Published at: July 27, 2022 at 09:33PM
Ford beats on earnings and revenue as operating income surges
Ford reported second-quarter results that beat Wall Street’s estimates for revenue and profit.Story Published at: July 27, 2022 at 09:31PM
Spirit terminates merger agreement with Frontier that was marred by JetBlue’s rival bid
Spirit terminated its merger agreement with Frontier Airlines, months after a rival bid by JetBlue threw the planned tie-up into disarray.Story Published at: July 27, 2022 at 09:26PM
Best Buy shares fall as company cuts forecast, cites weaker demand
The consumer electronics retailer said sales have slowed amid a tougher economic backdrop.Story Published at: July 27, 2022 at 09:29PM