business

US, world stocks toast earnings, US rate outlook By Reuters

US, world stocks toast earnings, US rate outlook By Reuters

2/2 © Reuters. A man wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen showing Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 14, 2022. REUTERS/ Kim 2/2 By Carolyn Cohn LONDON (Reuters) – US stocks were indicating a higher …

US, world stocks toast earnings, US rate outlook By Reuters قراءة المزيد »

Indexes Jump, Even On This;  Here's What To Do Now

Indexes Jump, Even On This; Here’s What To Do Now

Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. The stock market rally had a strong Thursday, fueled by positive reactions to earnings. X Dollar Tree (DLTR), Williams-Sonoma (WSM) and Macy’s (M) had strong results and at least solid guidance. Even more encouraging? Burlington (BURL) and Nvidia (NVDA) moved higher …

Indexes Jump, Even On This; Here’s What To Do Now قراءة المزيد »

Demand Destruction Hits Gasoline (But Only a Little) as Prices Spike in Historic Leap Just for Summer Driving Season

Demand Destruction Hits Gasoline (But Only a Little) as Prices Spike in Historic Leap Just for Summer Driving Season

I see gasoline prices rising further despite this modest short-term & long-term demand destruction. By Wolf Richter for WOLF STREET. The price mayhem going on at the pump is now leading to some demand destruction. We’ve been seeing signs of it. We’re in the beginning of driving season, but gasoline demand is not following the …

Demand Destruction Hits Gasoline (But Only a Little) as Prices Spike in Historic Leap Just for Summer Driving Season قراءة المزيد »

Ethereum could 'take over everything', and there won't be a multi-chain future, says EY's blockchain leader

Ethereum could ‘take over everything’, and there won’t be a multi-chain future, says EY’s blockchain leader

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we …

Ethereum could ‘take over everything’, and there won’t be a multi-chain future, says EY’s blockchain leader قراءة المزيد »

Global shares rally on relief after Fed minutes

Global shares rally on relief after Fed minutes

NEW YORK, May 26 (Reuters) – World stock markets broadly rose on Thursday and bond yields eased as no hawkish surprises from the latest US Federal Reserve minutes helped soothe immediate concerns over the impact of interest rate hikes on economic growth. Wall Street extended its rally from Wednesday. By midmorning, all three major US …

Global shares rally on relief after Fed minutes قراءة المزيد »

Macy's stock surges as company raises 2022 profit outlook despite uncertain retail landscape

Macy’s stock surges as company raises 2022 profit outlook despite uncertain retail landscape

A person walks past a Macy’s store in Hyattsville, Maryland, on February 22, 2022. Stefani Reynolds | AFP | Getty Images Macy’s on Thursday reported fiscal first-quarter profits and sales ahead of analysts’ expectations, as shoppers returned to malls to shop for new outfits, luggage and luxury goods in spite of decades-high inflation that has …

Macy’s stock surges as company raises 2022 profit outlook despite uncertain retail landscape قراءة المزيد »

Twitter will pay a $150 million fine over allegations it improperly sold user data

Twitter will pay a $150 million fine over allegations it improperly sold user data

Federal regulators on Wednesday announced a settlement with Twitter over the use of user privacy. Matt Rourke/AP hide caption toggle caption Matt Rourke/AP Federal regulators on Wednesday announced a settlement with Twitter over the use of user privacy. Matt Rourke/AP Twitter has agreed to pay a $150 million fine after federal law enforcement officials accused …

Twitter will pay a $150 million fine over allegations it improperly sold user data قراءة المزيد »

Taylor Graham, of Milford, was charged $139.48 again and again after a single purchase from Meijer.

Customers charged repeatedly days later after single grocery purchase

Some local customers who went grocery shopping on Saturday were shocked to find out a glitch caused them to be charged thousands of dollars for their items. Taylor Graham, of Milford, said on Saturday morning, she ordered groceries for pickup from the Meijer located at Ohio 28. She spent $139.48. Moments later, she got a …

Customers charged repeatedly days later after single grocery purchase قراءة المزيد »

A slew of candy and snacks made with Jif peanut butter now being recalled

A slew of candy and snacks made with Jif peanut butter now being recalled

Candy, trail mix and other snacks made with recalled Jif peanut butter are among the growing number of products being pulled from stores and vending machines nationwide as federal health officials investigate a multi-state outbreak of salmonella. The Centers for Disease Control and Prevention on Monday issued a public safety alert that said at least …

A slew of candy and snacks made with Jif peanut butter now being recalled قراءة المزيد »

Fed minutes point to more rate hikes that go further than the market anticipates

Fed minutes point to more rate hikes that go further than the market anticipates

Federal Reserve officials earlier this month stressed the need to raise interest rates quickly and possibly more than markets anticipate to tackle a burgeoning inflation problem, meeting minutes released Wednesday showed. Not only did policymakers see the need to raise benchmark borrowing rates by 50 points, but they also said similar hikes likely would be …

Fed minutes point to more rate hikes that go further than the market anticipates قراءة المزيد »