Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Higher-income consumers may be creating a frothy situation at Walmart. Even though affluent shoppers helped drive the retailer’s latest beat…
CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago
Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that…
Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central…
This inflation-focused ETF may be in a sweet spot
It’s an exchange-traded fund designed to profit from higher rates. But even if the Federal Reserve starts to cut this…
Consumer sentiment tumbles as inflation fears surge
Consumer sentiment slumped as inflation expectations rose, despite otherwise strong signals in the economy, according to a closely watched survey…
Stanley Druckenmiller gives Biden’s economic policies an ‘F,’ blames the Fed for reigniting inflation
Reckless government spending enabled by the Federal Reserve is hurting average Americans and endangering President Joe Biden’s chances at getting…
‘A lot of money on the sidelines’: Calamos Investments thinks ETFs should target CD, money market customers
There may be an untapped market for exchange-traded funds. According to Calamos investments’ Matt Kaufman, there are trillions of dollars…
U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%
The U.S. economy added fewer jobs than expected in April while the unemployment rate rose, lifting hopes that the Federal…
Here’s what to expect from the April jobs report on Friday
Hiring likely continued at a brisk pace in April as investors look for any cracks in the labor market that…
U.S. issues hundreds of sanctions targeting Russia, takes aim at Chinese companies
The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow’s circumvention of Western…
