Tuesday, October 26th, 2021

Category: Business

Fed’s Powell says not time to hike rates but may taper bond purchases

Federal Reserve Chairman Jerome Powell said on Friday the U.S. central bank should begin reducing its asset purchases soon, but should not yet raise interest rates because employment is still too low and high inflation will...

Billionaire Paul Tudor Jones tests positive for COVID after NYC gala

Billionaire investor Paul Tudor Jones announced Friday that he tested positive for COVID-19 on Thursday, just one day after attending a star-studded gala in New York City hosted by the Robin Hood Foundation, the...

U.S. budget deficit hit $2.8 trillion in 2021, the second highest on record.

The federal budget deficit reached $2.8 trillion for 2021, the second highest total on record but an improvement from the prior year as an economy starting to recover from the coronavirus pandemic gave tax...

How the supply chain crisis is hurting Facebook, Google and Snapchat

The escalating supply chain crisis isn’t just hurting manufacturers and retailers that sell goods off the shelf — it’s bleeding into the tech world.  Companies that sell everything from toys to clothes to cosmetics...

Jerome Powell says supply chain pressures will last ‘likely well into next year.’

The pandemic-related shortages that are pushing consumer prices higher are poised to last longer than economists and policymakers had expected, said Jerome H. Powell, the Federal Reserve chair, adding that officials still expect the...

Mattel seeks to ease fears about a possible toy shortage this Christmas

Maybe Barbie won’t get stuck on a slow boat from China this Christmas, after all. Shares of toy giant Mattel — which makes the iconic Barbie dolls — surged as much as 8 percent...

Trump SPAC continues rally, up as much as 620 percent since deal

Shares of the Trump-linked special purpose acquisition company, or SPAC, Digital World Acquisition Corp. continued to rally Friday morning, jumping another 100 percent in premarket trading. The stock has soared as much as 620...

How to Protect Yourself From Online Card Fraud

The service is used by more than 10,000 merchants and has “tens of millions” of cardholder participants, said Sukhmani Dev, senior vice president of digital products, North America, at Mastercard. Here are some questions...

The Hottest of Hot Stocks? Try Coal.

As the prospects for strong government action to curb climate change grow less certain, energy shares, and especially coal mining stocks, are generating astonishing returns. Source link

Snapchat stock tanks as company blames Apple for revenue hit

Shares of Snapchat’s parent company tanked as much as 27 percent after the social media firm reported lower-than-expected revenue on Thursday, blaming the miss on changes Apple made to the iPhone’s privacy settings earlier...