Simone Del Rosario
More from Simone Del Rosario
-
The Fed wants to fight inflation by hiking interest rates. Here’s why other major economies won’t.
The Federal Reserve is formulating its plan to fight crippling inflation this week, and the uncertainty has the stock market going haywire. The board is meeting Tuesday and Wednesday to determine when to start hiking the central bank’s benchmark interest rate, which has been near-zero since the start of the pandemic. Many firms anticipate the Fed may… -
Stock market launches major comeback after Dow sheds 1,000 points
The stock market launched a major comeback in the final trading hours Monday after a brutal trading day that was set to break negative records. In the end, all major indexes ended in the green. Earlier Monday, the Dow Jones Industrial Average thrashed around, shedding more than a thousand points before surging back to end… -
Another TV character has Peloton-induced heart attack, company on life support
Another fictional television character suffered a Peloton-induced heart attack Sunday night while the company itself is on life support. Some investors are now even pushing for Peloton to sell. Showtime’s Billions is the latest to give Peloton a dose of bad publicity after Mike “Wags” Wagner had a heart attack on the popular exercise bike.… -
Peloton CEO denies report it’s halting production after stock plunged 25%
Peloton’s CEO has denied a report the troubled company plans to halt production on its Bikes and Treads to cut costs, adding that the company has identified the “leaker” and is taking legal action. The CNBC scoop published Thursday cited internal documents obtained by the network. The news sent Peloton’s stock spinning out of control Thursday afternoon. It… -
Tesla, BMW, luxury autos post record sales despite chip shortage
Did buying a car feel like competing in The Hunger Games during the pandemic? Because of a global chip shortage, manufacturers couldn’t make enough cars to meet demand and sales for most new cars plummeted in 2021. But in a surprising twist, luxury cars bucked that trend. Expensive goods got a boost from buyers who… -
Penn Wharton students scolded for thinking average US worker makes six figures
It looks like some Wharton School students need a lesson on the real world. They go to one of the best business schools in the country, but one professor’s prompt proves some of these aspiring business leaders are already out of touch. When professor Nina Strohminger asked her students what the average American worker makes… -
Verizon and AT&T’s new 5G is live. Here’s why the airline industry fears it.
After multiple delays over aviation pushback, Verizon Wireless and AT&T finally flipped the switch Wednesday on the new C-band 5G service. But the launch was muddled by eleventh-hour pleas from the airline industry to block 5G near some airports, even requesting presidential interference. In the end, the wireless companies agreed to temporarily avoid busy runways… -
Microsoft to buy gaming’s Activision Blizzard in all-cash $68.7 billion deal
Microsoft announced Tuesday it plans to pay a blockbuster $68.7 billion to acquire Activision Blizzard, the gaming behemoth behind Call of Duty and Candy Crush. The move is Microsoft’s largest acquisition to date, toppling the $26.2 billion it paid for LinkedIn in 2016. It comes as the Xbox owner looks to further cement its presence… -
China’s zero-COVID policy equals trouble for supply chain, inflation
Just when the U.S. was starting to see improvements in the supply chain, small COVID outbreaks in China resulting in big shutdowns threaten to wreak havoc on the world economy. “Particularly if China sticks to a no-COVID policy, Omicron can really disturb supply chains again,” Federal Reserve Chair Jerome Powell said on January 11. With… -
Retail sales plunged 1.9% in December, e-commerce hardest hit
Retail sales posted a shocking 1.9% decline in December 2021. Online stores took the biggest hit, with sales plunging 8.7% from the month before, the Commerce Department reported Friday. The advance monthly sales report to close out the year was considerably worse than the Dow Jones estimate for just a 0.1% drop. Spending declines were… -
In the age of quitting jobs, 5 ways to keep employees happy
The year 2021 was a banner year for quitting jobs: More than 40 million Americans quit, most of them looking for higher pay and better working conditions. To prevent ‘The Great Resignation’ from continuing in 2022, companies are finding creative ways to keep the troops happy. Here are some of the best ideas to increase… -
Jerome Powell’s inflation problem to define second term leading Fed
Federal Reserve Chair Jerome Powell was finally confirmed Thursday to a second term after a three-month delay. He’s led the central bank since 2018, after then-President Donald Trump nominated him to the position. President Joe Biden renominated him last year but the Senate dragged on the confirmation process as inflation reached its highest level in… -
Consumer prices set 40-year record in December, inflation up 7% in last year
According to the Labor Department’s latest Consumer Price Index report released Wednesday, consumer prices increased 7% between December 2020 and December 2021. That’s the highest year-over-year inflation rate since 1982. In December, consumer prices rose 0.5% over November 2021 levels. However, that is slight decrease from the 0.8% rise reported between October 2021 and November 2021.…
Latest Stories
-
Getty Images
DOGE altering 20-year-old DOD software to automate firing of workers: Report
-
Getty Images
Trump’s ‘gold card’ lets rich immigrants pay $5 million for US residency
-
Getty Images
TSA no longer allowing migrants without ID to fly using CBP One app
-
Getty Images
Trump administration releases five-point plan to lower egg prices
-
Getty Images
Hawaiian rum distillery files lawsuit challenging 1920 law on US ports
Popular Opinions
-
In addition to the facts, we believe it’s vital to hear perspectives from all sides of the political spectrum.
