The Federal Reserve said Wednesday it will keep its benchmark interest rate near zero despite signs inflation is heating up. While rising prices brought on by supply constraints and a sudden spike in consumer demand are paving the way for the Fed to unwind last year’s bond buying, the central bank said it is sticking with ultra-accommodative
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People wait for passengers at one of the International Arrivals halls at London Heathrow Airport in west London on February 14, 2021 JUSTIN TALLIS | AFP | Getty Images LONDON — U.S. and EU travelers that have been fully vaccinated against the coronavirus will soon be allowed to visit England without having to quarantine, the
In this article BA A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020. Karen Ducey | Reuters Boeing reported its first quarterly profit in almost two years on Wednesday, boosted by a surge in deliveries of commercial jetliners as airlines began recovering from the
In this article MCD BA PFE SPOT SHOP-CA AAPL Check out the companies making headlines before the bell: McDonald’s (MCD) – The restaurant chain reported adjusted quarterly earnings of $2.37 per share, compared to a $2.11 consensus estimate, with revenue also topping Wall Street forecasts. U.S. same-store sales surged 25.9% while global comps were up
In this article AMZN Sen. Elizabeth Warren on Wednesday reignited her push for a tax on the wealth of the richest Americans and called out billionaire Amazon founder and nascent space-tourism magnate Jeff Bezos for what she views as his failure to pay his fair share. “I want to see us tax wealth, however your
Dubai-based mobility company Swvl said Wednesday that it plans to go public through a reverse merger with Queen’s Gambit Growth Capital. The special purpose acquisition company is led entirely by women. Founded in 2017, Swvl provides ridesharing services in emerging markets that don’t always have reliable public transportation. Unlike ride-hailing services that focus on one-off
Westend61 | Westend61 | Getty Images Workers saw their hourly pay in June jump at the fastest clip in over a decade. Yet some of them saw those gains erased by high levels of inflation. “Real wages” — a measure of income after accounting for the cost of goods and services people buy — fell
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images The popular 30-year fixed mortgage rate fell back to the lowest level since February last week, and the 15-year
In this article ADBE WMT Shoppers walk in front of a Walmart store in San Leandro, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Just as Amazon Web Services is the profit center that powers much of Amazon’s other businesses, Walmart CEO Doug McMillon has been increasingly interested
In this article GOOGL Sundar Pichai, chief executive officer of Alphabet Inc., pauses during a discussion on artificial intelligence at the Bruegel European economic think tank in Brussels, Belgium, on Jan. 20, 2020. Pichai urged the U.S. and European Union to coordinate regulatory approaches on artificial intelligence, calling their alignment critical. Geert Vanden Wijngaert |
U.S. stock index futures fell during overnight trading on Tuesday after the major averages pulled back from record highs, snapping a five-day winning streak. Futures contracts tied to the Dow Jones Industrial Average slid 91 points, or 0.25%. S&P 500 futures were down 0.27%, while Nasdaq 100 futures fell 0.44%. During regular trading the S&P
“Yes, I’m vaccinated,” says NBA legend Charles Barkley. “Everybody should be vaccinated. Period.” “The only people who are not vaccinated are just a–holes,” he says. The 58-year-old NBA Hall-of-Famer says he personally thinks sports leagues should force players to get vaccinated. “Can you imagine if one of these guys that are not vaccinated, if they
In this article UPS Tournament employees work to squeegee the court after rain delays a match between Kim Clijsters and Sloane Stephens during the Truist Atlanta Open at Atlantic Station on July 26, 2021 in Atlanta, Georgia. Casey Sykes | Getty Images Shares of logistics company UPS fell sharply on Tuesday after the company’s second-quarter
A visual representation of digital currencies. Yuriko Nakao | Getty Images Even though it’s a highly volatile asset, cryptocurrency can help investors build wealth, especially if they invest in digital coins over the long-term. It’s a portfolio play that’s gained traction in recent months and is catching up to stock trading as something that
The families of roughly 60 million children received their first installment of the enhanced Child Tax Credit payments on July 15. We’re here to bust some of the common misconceptions surrounding the payments. 1. You can keep these payments. Many families have expressed concern over keeping the money fearing they’ll have to pay it back
These 5 stocks keep hitting new highs as the companies keep surprising on earnings. Will they do it again?
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In this article SBUX Kevin Johnson, CEO, Starbucks Scott Mlyn | CNBC Starbucks is expected to report its fiscal third-quarter earnings after the bell Tuesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 78 cents expected Revenue: $7.29 billion expected A year ago, Starbucks faced its toughest quarter during the
Apple CEO Tim Cook attends the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Apple reports fiscal third-quarter earnings after the bell on Tuesday. Here’s what Wall Street is expecting, per Refinitiv estimates: EPS: $1.01 estimated Revenue: $73.30 billion estimated iPhone revenue: $34.01 billion