From the Fed to the currency crisis in Europe, here’s what’s behind this sell-off in the financial markets:

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that the battle with inflation could lead to much higher interest rates and a recession. The sell-off was global on Friday, in a week in … Read more

Here’s What Costco Says About Inflation — And An Increase In Membership Fee

Since the market is obsessed with inflation and why the Fed would step off the accelerator, it’s worth considering what some companies are saying about it. The view of Costco Wholesale, the warehouse seller known for its competitive prices, seems so good for a start. And CFO Richard Galanti’s comments on his conference call suggest … Read more

Americans spend on beauty despite withdrawals elsewhere

NEW YORK (AP) – Like many Americans, Karla Maldonado has cut her spending to save her wallet from rising costs: She eats out less and attends fewer social events to curb the impact of high gas prices. But the 26-year-old social worker from Portland, Oregon, hasn’t skimped on her eye makeup — the mascara, eyeliner, … Read more

Jobs report expected to heat up, which could lead to aggressive Fed

A “We’re Hiring” sign was posted at a Target store in San Rafael, California, on August 5, 2022. Justin Sullivan | Getty Images Job growth in August likely slowed from the frenzied pace of July, but is still expected to have been quite strong, with broad hiring across many sectors. Monthly jobs data is always … Read more

Chinese tech giants record worst-ever growth due to zero Covid

Chinese tech giants, including Alibaba, have seen slower to no growth as the Chinese economy faces weakness from Beijing’s zero-covid policy. Qilai Shen | Bloomberg | Getty Images Chinese tech giants are coming off the back of their worst quarter of growth in history as a major slowdown in the world’s second-largest economy, fueled by … Read more

Powell probably won’t tell investors what they want to hear on Friday

Federal Reserve Board chairman Jerome Powell speaks at a news conference after a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, July 27, 2022. Elizabeth Frantz | Reuters Investors are looking for new guidance in Fed Chair Jerome Powell’s Jackson Hole speech Friday, but he could instead deliver the same anti-inflation message, … Read more

Nvidia (NVDA) profit Q2 2023

Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks at the company’s event at Mobile World Congress Americas in Los Angeles on October 21, 2019. Patrick T Fallon | Bloomberg | Getty Images Nvidia reported second-quarter earnings that beat Wall Street’s expectations for revenue and earnings per share. The report is in line … Read more

Nvidia earnings preview: Gaming prospects in focus after Q2 warning

Nvidia Corp. (NVDA) stocks fell below closely watched second-quarter earnings after the closing bell on Wednesday, with investors focusing on the outlook for the chipmaker’s gaming sector after a negative pre-announcement earlier this month. Analysts expect the group to achieve earnings of $1.25 per share, a 20% jump from the same period last year, on … Read more

China’s Alibaba and Tencent focus on cost cutting amid slowing growth

Alibaba has faced growth challenges amid tightening regulations on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jimian News | VCG | Getty Images Chinese tech giants Alibaba and Tencent often talk about … Read more

Shoppers are getting cheaper. Here are stocks to buy in a trade-off economy

I regret buying a double pack of 40-ounce ranch dressing pitchers last week. It’s not that I’ve grown too much – the warehouse club industry was built around rewarding extreme pledges for spices with low unit prices. But I didn’t know I had a coupon at home for another $3 off. Now I will mentally … Read more