Key takeaways We expect the Federal Reserve to hike the target range by 50bp, a view shared by consensus and market pricing. We expect the Fed to signal that more 50bp rate hikes are likely Read more…
Markets There’s still no other place to look today, but to the FX market. The trade-weighted dollar gains a big figure, surging from 103 to nearly 104, the highest level since 2002 and coming from Read more…
Ark Innovation ETF’s disruptive technology stocks have withered amid rising interest rates. The asset manager Cathie Wood’s flagship fund, Ark Innovation ETF (ARKK) – Get ARK Innovation ETF Report, has dropped big-time, as her focus Read more…
Illustration by Harry Bhalerao / The Verge Gifts for moms of all kinds Continue reading…
Stocks rise with earnings in focus and despite GDP Q1 surprise contraction. US futures Dow futures +0.8 % at 33450 S&P futures +1.42% at 4243 Nasdaq futures +1.9% at 13240 In Europe FTSE +0.6% at Read more…
Walmart has some new merchandise that may not please Target. Big box retailer Target (TGT) – Get Target Corporation Report has a significant competitive advantage over its grocery competitors, including Walmart (WMT) – Get Walmart Inc. Read more…
Real GDP contracted by 1.4% quarter-over-quarter (q/q) in the first quarter of 2022 – a significant slowdown from Q4’s 6.9% (annualized).The reading came in below the consensus forecast, which called for a modest gain to Read more…
The Arena Group, the publisher of Sports Illustrated, and owner of TheStreet and Parade Media estimated that first-quarter gross profit tripled. The Arena Group (AREN) – Get Arena Group Holdings, Inc. Report, the tech-driven media Read more…
An inexpensive phone that feels like it should cost more than $300 Continue reading…
An inexpensive phone that feels like it should cost more than $300 Continue reading…