Economy

Covid caused huge shortages in the jobs market. It may be easing — but there’s another problem ahead

Since the onset of Covid-19, labor shortages have plagued major economies and intensified inflationary pressures, but economists expect this trend…

Trump urges GOP to let catastrophic debt default happen if Dems don’t accept cuts

Former President Donald Trump on Wednesday urged Republican lawmakers to let the United States default on its debt if Democrats…

Stocks making the biggest moves after hours: Disney, Beyond Meat, Sonos, Robinhood and more

Check out the companies making headlines in extended trading. Disney — Shares fell 4.7% after the company reported mixed fiscal…

Stocks making the biggest moves midday: Roblox, Icahn Enterprises, Rivian, Airbnb and more

Check out the companies making the biggest moves midday: Roblox — Shares added 7.41% after the video game company reported…

Traders raise the chances for a Fed rate cut following April inflation report

Even with inflation running well above the Federal Reserve’s goal, markets became more convinced Wednesday that the central bank will…

Inflation rate eases to 4.9% in April, less than expectations

A widely followed measure of inflation rose in April, though the pace of the annual increase provided some hope that…

Stocks making the biggest moves before the bell: Rivian, Airbnb, Twilio, Dutch Bros and more

Check out the companies making headlines in premarket trading. Rivian Automotive — The electric vehicle maker saw its stock jump…

Stocks making the biggest moves midday: Palantir, Novavax, Under Armour and more

Check out the companies making headlines in midday trading. Palantir – Palantir shares popped 23.4% after the software company beat…

Fed’s John Williams says rates could be increased if inflation doesn’t come down

NEW YORK — New York Federal Reserve President John Williams on Tuesday cautioned that interest rate increases will take a…

Stocks making the biggest moves premarket: Palantir, Skyworks, Under Armour and more

Check out the companies making headlines before the bell: Palantir Technologies — Shares of Palantir rose nearly 20% after the…