Fed rate hikes won’t curb inflation if spending stays high, paper says
John C. Williams, president and chief executive officer of the Federal Reserve Bank of New York, Lael Brainard, vice chair of the Board of Governors of the Federal Reserve, and…
Bitcoin briefly drops below $20,000 to lowest level since mid-July as investors dump risk assets
Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Bitcoin…
We're booking profits in this oil stock trading near its 52-week high
It may be a down day for the broader market, but energy stocks are finding a lift thanks to WTI crude prices trading up 3% Source link: https://www.cnbc.com/2022/08/29/investing-club-were-booking-profits-in-this-oil-stock-trading-near-its-52-week-high.html
Electronic Arts, Gap, Ulta Beauty and more
Check out the companies making headlines before the bell: Electronic Arts (EA) – The video game company’s stock jumped 6.2% in the premarket on a Swedish media report that Amazon.com…
Powell warns of ‘some pain’ ahead as Fed fights to lower inflation
Federal Reserve Chairman Jerome Powell delivered a stern commitment Friday to halting inflation, warning that he expects the central bank to continue raising interest rates in a way that will…
Affirm, Electronic Arts, Dell, Seagen and more
Electronic Arts (EA) signage is displayed on the back of a chair at the company’s campus in Burnaby, British Columbia, Canada. Ben Nelms | Bloomberg | Getty Images Electronic Arts…
Watch Federal Reserve Chair Jerome Powell speak live at Jackson Hole
Federal Reserve Chair Jerome Powell delivers a speech at the central bank’s annual economic symposium in Jackson Hole, Wyoming, on Friday at 10.a.m. ET. Market participants have eagerly awaited Powell’s
We're again reducing our energy exposure, trimming an oil stock that's been on a nice run
Friday’s trim is in line with the Investing Club’s recent sales of Coterra Energy and Chevron. Source link: https://www.cnbc.com/2022/08/26/investing-club-were-again-reducing-our-energy-exposure-trimming-an-oil-stock-thats-been-on-a-nice-run.html
Peloton, Salesforce, Dollar Tree and more
Check out the companies making the biggest moves midday: Peloton — Shares of Peloton plunged over 18% after the company reported quarterly results Thursday showing a wider-than-anticipated loss and declining…
Ulta, Affirm, Marvell and more
Pedestrians walk past a Gap Inc. store in Shanghai, China. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Affirm — The buy-now-pay-later…